Magnite Inc (MGNI)

NASDAQ
Currency in USD
13.42
+0.05(+0.37%)
Closed
After Hours
13.25-0.17(-1.27%)
MGNI Scorecard
Full Analysis
Net income is expected to grow this year
Fair Value
Day's Range
13.1113.54
52 wk Range
8.3821.29
Key Statistics
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Prev. Close
13.37
Open
13.18
Day's Range
13.11-13.54
52 wk Range
8.38-21.29
Volume
1.15M
Average Vol. (3m)
2.44M
1-Year Change
17.28%
Book Value / Share
5.46
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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Fair Pricepro lock
Upsidepro lock
Price Target
20.63
Upside
+53.69%
Members' Sentiments
Bearish
Bullish
ProTips
3 analysts have revised their earnings upwards 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 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.

Magnite Inc SWOT Analysis


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
Read full SWOT analysis

Magnite Inc Earnings Call Summary for Q3/2024

  • 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: 11/08/2024, 03:14 PM
Read Full Transcript

Compare MGNI to Peers and Sector

Metrics to compare
MGNI
Peers
Sector
Relationship
P/E Ratio
83.9x−13.4x4.9x
PEG Ratio
0.74−0.050.01
Price / Book
2.5x1.3x1.8x
Price / LTM Sales
2.9x0.5x1.4x
Upside (Analyst Target)
52.8%44.9%24.6%
Fair Value Upside
Unlock17.5%15.2%Unlock

Analyst Ratings

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

Analysts 12-Month Price Target:

Average 20.63
(+53.69% Upside)

Earnings

Latest Release
Feb 26, 2025
EPS / Forecast
0.34 / 0.38
Revenue / Forecast
194.00M / 184.29M
EPS Revisions
Last 90 days

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FAQ

What Is the Magnite (MGNI) Stock Price Today?

The Magnite stock price today is 13.42

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 1.91B.

What is Magnite Earnings Per Share?

The Magnite EPS is 0.162.

What Is the Next Magnite Earnings Date?

Magnite will release its next earnings report on May 07, 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 Sell.
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