Magnite (MGNI) Stock Price, News & Analysis

Company Overview

Magnite, 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.

Key Stats

• Today's Range: $17.51 to $18.71
• 50-Day Range: $15.14 to $21.17
• 52-Week Range: $8.38 to $21.29
• Volume: 3.04 million shs
• Average Volume: 2.62 million shs
• Market Capitalization: $2.49 billion
• P/E Ratio: 294.67
• Dividend Yield: N/A
• Price Target: $18.35
• Consensus Rating: Moderate Buy

Magnite Stock Analysis - MarketRank™

Magnite scored higher than 52% of companies evaluated by MarketBeat, and ranked 417th out of 655 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Magnite has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Magnite has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 51.52%

Earnings Growth

Earnings for Magnite are expected to grow by 51.52% in the coming year, from $0.33 to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Magnite is 294.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Magnite is 294.67, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 36.99.

Price to Earnings Growth Ratio

Magnite has a PEG Ratio of 1.00. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Magnite has a P/B Ratio of 3.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.60% of the outstanding shares of Magnite have been sold short.

Short Interest Ratio / Days to Cover

Magnite has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Magnite has recently increased by 5.82%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Magnite does not currently pay a dividend.

Dividend Growth

Magnite does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.60% of the outstanding shares of Magnite have been sold short.

Short Interest Ratio / Days to Cover

Magnite has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Magnite has recently increased by 5.82%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.48

News Sentiment

Magnite has a news sentiment score of 0.48. 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 lower news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Magnite this week, compared to 6 articles on an average week.

Search Interest

26 people have searched for MGNI on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Magnite to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $8,306,579.00 in company stock.

Percentage Held by Insiders

Only 4.30% of the stock of Magnite is held by insiders.

Percentage Held by Institutions

73.40% of the stock of Magnite is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MGNI Stock Analysis - Frequently Asked Questions

How have MGNI shares performed this year?

Magnite's stock was trading at $15.92 on January 1st, 2025. Since then, MGNI shares have increased by 11.1% and is now trading at $17.68.
View the best growth stocks for 2025 here.

How were Magnite's earnings last quarter?

Magnite, Inc. (NASDAQ:MGNI) released its quarterly earnings data on Thursday, November, 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.09. The business had revenue of $162 million for the quarter, compared to the consensus estimate of $147.94 million. Magnite had a net margin of 2.62% and a trailing twelve-month return on equity of 4.64%.

Who are Magnite's major shareholders?

Magnite's top institutional investors include Vanguard Group Inc. (9.67%), Capital Research Global Investors (5.49%), Wellington Management Group LLP (5.00%) and Dimensional Fund Advisors LP (3.93%). Insiders that own company stock include Michael G Barrett, David Day, Adam Lee Soroca, Katie Seitz Evans, Sean Patrick Buckley, Aaron Saltz, David Buonasera, James Rossman, Paul Caine, Lisa L Troe, Brian Gephart, 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.

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 Earnings: 11/07/2024
• Today: 2/21/2025
• Next Earnings (Estimated): 5/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Computer programming, data processing, & other computer related
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:MGNI
• CUSIP: N/A
• CIK: 1595974
• Web: www.magnite.com
• Phone: (212) 243-2769
• Fax: 310-207-0528
• Employees: 950
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.35
• High Stock Price Target: $22.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +3.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.92
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.06
• Trailing P/E Ratio: 294.67
• Forward P/E Ratio: 53.58
• P/E Growth: 1.05
• Net Income: $-159,180,000.00
• Net Margins: 2.62%
• Pretax Margin: 2.63%
• Return on Equity: 4.64%
• Return on Assets: 1.25%

Debt

• Debt-to-Equity Ratio: 0.76
• Current Ratio: 1.11
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: $619.71 million
• Price / Sales: 4.01
• Cash Flow: $0.59 per share
• Price / Cash Flow: 29.92
• Book Value: $5.09 per share
• Price / Book: 3.47

Miscellaneous

• Outstanding Shares: 140,690,000
• Free Float: 134,640,000
• Market Cap: $2.49 billion
• Optionable: Optionable
• Beta: 2.52