B.Riley Financial analyst Zachary Silver maintained a Hold rating on Magnite on Thursday, setting a price target of $40, which is approximately 8.58% above the present share price of $36.84.
Silver expects Magnite to post earnings per share (EPS) of -$0.10 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Magnite, with an average price target of $30.9.
The analysts price targets range from a high of $45 to a low of $16.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $60.98 million and a net profit of -$8.69 million. The company's market cap is $4.12 billion.
According to TipRanks.com, B.Riley Financial analyst Zachary Silver is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.2% and a 53.10% success rate.
The Rubicon Project (NASDAQ:MGNI), Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. It features applications and services for digital advertising sellers, including Websites, mobile applications and other digital media properties. The company was founded by Frank Addante, Duc Chau, Craig Roah, Julie Mattern and Brian D. Baumgart on April 20, 2007 and is headquartered in Los Angeles, CA.