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Magnite Inc (MGNI)

NASDAQ
Currency in USD
17.18
+0.39(+2.29%)
Real-time Data
MGNI Scorecard
Full Analysis
Net income is expected to grow this year
Fair Value
Day's Range
16.7817.21
52 wk Range
8.0518.38
Key Statistics
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Prev. Close
16.79
Open
16.84
Day's Range
16.78-17.21
52 wk Range
8.05-18.38
Volume
706.52K
Average Volume (3m)
1.89M
1-Year Change
100.12%
Book Value / Share
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Fair Value
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Fair Value Upside
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MGNI Scorecardpro icon
Company’s Health
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Fair Value
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Upsidepro lock
Price Target
17.62
Upside
+2.56%
Members' Sentiments
Bearish
Bullish
ProTips
4 analysts have revised their earnings downwards for the upcoming period
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Magnite Inc Company Profile

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.

Magnite Inc SWOT Analysis


CTV Dominance
Magnite's strong position in Connected TV advertising drives growth, with successful partnerships and live sports events boosting performance
Netflix Game-Change
Explore the potential impact of Magnite's partnership with Netflix, projected to generate significant revenue and solidify market position
Market Dynamics
Delve into Magnite's competitive landscape, examining its strategic advantages and the recovering advertising market's influence on growth
Financial Outlook
Analyst price targets range from $13 to $19, reflecting optimism about Magnite's future prospects and raised guidance for 2024
Read full SWOT analysis
MGNI Full Pro Research
Institutional-Grade Stock Analysis
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Financial health at a glance
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Magnite Inc Earnings Call Summary for Q4/2024

  • Q3 revenue up 8% YoY to $162M; CTV segment ex-TAC grew 23% YoY
  • Net income of $5.2M, reversing Q3 2023 loss; Adjusted EBITDA up 26% to $51M
  • Two-year Disney partnership extended, now includes live sports and new regions
  • Q4 ex-TAC forecast $182M-$186M; full-year growth raised to 11-12%
  • Net leverage ratio improved to 0.9x; focus on managing shareholder dilution
Last Updated: 2024-11-08, 03:18 p/m
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Compare MGNI to Peers and Sector

Metrics to compare
MGNI
Peers
Sector
Relationship
P/E Ratio
137.9x−1.3x4.8x
PEG Ratio
1.280.000.01
Price/Book
3.3x1.2x1.8x
Price / LTM Sales
3.6x0.3x1.4x
Upside (Analyst Target)
4.2%8.2%24.4%
Fair Value Upside
Unlock14.8%13.5%Unlock

Analysts' Recommendations

11 Buy
1 Hold
0 Sell
Ratings:
12 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 17.63

(+2.59% Upside)

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FAQ

What Is the Magnite (MGNI) Stock Price Today?

The Magnite stock price today is 17.18

What Stock Exchange Does Magnite Trade On?

Magnite is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Magnite?

The stock symbol for Magnite is "MGNI."

What Is the Magnite Market Cap?

As of today, Magnite market cap is 2.41B.

What is Magnite Earnings Per Share?

The Magnite EPS is 0.124.

What Is the Next Magnite Earnings Date?

Magnite will release its next earnings report on Feb 26, 2025.

From a Technical Analysis Perspective, Is MGNI a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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