Top-Rated StocksTop-RatedNASDAQ:MGNI Magnite (MGNI) Stock Price, News & Analysis $12.24 +0.22 (+1.83%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Magnite Stock (NASDAQ:MGNI) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Magnite alerts:Sign Up Key Stats Today's Range$11.93▼$12.3650-Day Range$11.91▼$14.1652-Week Range$6.28▼$15.92Volume1.27 million shsAverage Volume1.59 million shsMarket Capitalization$1.71 billionP/E RatioN/ADividend YieldN/APrice Target$17.25Consensus RatingBuy Company OverviewMagnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.Read More… Crypto’s next big bull run? (Ad)Juan Villaverde may be America’s top crypto expert. And he says something big is coming for crypto – on November 5. Just a day after the American election, Juan believes crypto could start a massive run up …And one special coin could do even better. Magnite Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks79th Percentile Overall ScoreMGNI MarketRank™: Magnite scored higher than 79% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.5 / 5Analyst RatingBuy Consensus RatingMagnite has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageMagnite has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Magnite's stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth61.29% Earnings GrowthEarnings for Magnite are expected to grow by 61.29% in the coming year, from $0.31 to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magnite is -111.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Magnite is -111.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioMagnite has a PEG Ratio of 1.05. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMagnite has a P/B Ratio of 2.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Magnite's valuation and earnings. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted7.22% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in Magnite has recently increased by 3.71%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldMagnite does not currently pay a dividend.Dividend GrowthMagnite does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted7.22% of the float of Magnite has been sold short.Short Interest Ratio / Days to CoverMagnite has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in Magnite has recently increased by 3.71%, indicating that investor sentiment is decreasing. News and Social Media2.7 / 5News SentimentN/A News SentimentMagnite has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Communication Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for Magnite this week, compared to 4 articles on an average week.Search Interest8 people have searched for MGNI on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Magnite insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,206,203.00 in company stock.Percentage Held by InsidersOnly 4.30% of the stock of Magnite is held by insiders.Percentage Held by Institutions73.40% of the stock of Magnite is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Magnite's insider trading history. Receive MGNI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magnite and its competitors with MarketBeat's FREE daily newsletter. Email Address MGNI Stock News HeadlinesMagnite, Inc. (NASDAQ:MGNI) Receives Consensus Rating of "Buy" from AnalystsOctober 8, 2024 | americanbankingnews.comMagnite: Draws In The Big Players, 9x FCFOctober 7, 2024 | seekingalpha.comWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.October 17, 2024 | Porter & Company (Ad)Magnite to Announce Third Quarter 2024 Financial Results on November 7, 2024October 7, 2024 | globenewswire.comWhy Magnite Stock Was Sinking at Double-Digit Rates This WeekOctober 3, 2024 | fool.comDip in Magnite shares are a buying opportunity - analystsOctober 3, 2024 | msn.comBenchmark Co. Reaffirms Their Buy Rating on Magnite (MGNI)October 3, 2024 | markets.businessinsider.comLake Street Keeps Their Buy Rating on Magnite (MGNI)October 3, 2024 | markets.businessinsider.comSee More Headlines MGNI Stock Analysis - Frequently Asked Questions How have MGNI shares performed this year? Magnite's stock was trading at $9.34 at the start of the year. Since then, MGNI stock has increased by 31.0% and is now trading at $12.24. View the best growth stocks for 2024 here. How were Magnite's earnings last quarter? Magnite, Inc. (NASDAQ:MGNI) issued its quarterly earnings results on Wednesday, August, 7th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.01. Magnite's quarterly revenue was up 6.8% compared to the same quarter last year. Who are Magnite's major shareholders? Top institutional investors of Magnite include Kopion Asset Management LLC (0.46%), Wedge Capital Management L L P NC (0.09%), SG Americas Securities LLC (0.02%) and Griffin Asset Management Inc. (0.02%). Insiders that own company stock include Michael G Barrett, Adam Lee Soroca, David Day, Katie Seitz Evans, Sean Patrick Buckley, Aaron Saltz, David Buonasera, Brian Gephart, Lisa L Troe, Robert F Spillane and Rachel Lam. View institutional ownership trends. How do I buy shares of Magnite? Shares of MGNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Magnite own? Based on aggregate information from My MarketBeat watchlists, some other companies that Magnite investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), PayPal (PYPL), CrowdStrike (CRWD) and Netflix (NFLX). Company Calendar Last Earnings8/07/2024Today10/17/2024Next Earnings (Confirmed)11/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorCommunication Services Industry Advertising Agencies Sub-IndustryComputer Software Current SymbolNASDAQ:MGNI CUSIPN/A CIK1595974 Webwww.magnite.com Phone(212) 243-2769Fax310-207-0528Employees911Year FoundedN/APrice Target and Rating Average Stock Price Target$17.25 High Stock Price Target$21.00 Low Stock Price Target$14.00 Potential Upside/Downside+40.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($0.64) Trailing P/E RatioN/A Forward P/E Ratio39.48 P/E Growth1.05Net Income$-159,180,000.00 Net Margins-0.83% Pretax Margin-1.12% Return on Equity3.74% Return on Assets1.01% Debt Debt-to-Equity Ratio0.77 Current Ratio1.10 Quick Ratio1.10 Sales & Book Value Annual Sales$649.22 million Price / Sales2.64 Cash Flow$0.65 per share Price / Cash Flow18.83 Book Value$5.09 per share Price / Book2.40Miscellaneous Outstanding Shares140,024,000Free Float135,078,000Market Cap$1.71 billion OptionableOptionable Beta2.41 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report This page (NASDAQ:MGNI) was last updated on 10/17/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredRetire off just one stock ticker?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. 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