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 for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. 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.
Market Outlook | Delve into Magnite's competitive advantages and challenges in the rapidly growing CTV sector, with analyst price targets ranging from $19 to $21 per share |
Financial Trajectory | Analysts project a shift to net cash position by 2025, with EPS estimates rising from -$1.11 in 2023 to $0.20 in 2025, signaling improved profitability |
Partnerships Propel | Explore how collaborations with Netflix, Disney, and Roku are shaping Magnite's market presence and revenue potential in the evolving streaming landscape |
CTV Dominance | Magnite's strategic positioning in the Connected TV advertising space drives its impressive 75.5% stock return, showcasing potential for significant future growth |
Metrics to compare | MGNI | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipMGNIPeersSector | |
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P/E Ratio | 83.9x | −13.4x | 4.9x | |
PEG Ratio | 0.74 | −0.05 | 0.01 | |
Price / Book | 2.5x | 1.3x | 1.8x | |
Price / LTM Sales | 2.9x | 0.5x | 1.4x | |
Upside (Analyst Target) | 52.8% | 44.9% | 24.6% | |
Fair Value Upside | Unlock | 17.5% | 15.2% | Unlock |