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Magnite (GB:0A99)
LSE:0A99
Holding GB:0A99?
Track your performance easily
0A99 Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.29 - $15.87
Previous Close$12.21
Volume1.05K
Average Volume (3M)2.82K
Market Cap
$1.73B
Enterprise Value$2.02B
Total Cash (Recent Filing)$326.46M
Total Debt (Recent Filing)$622.98M
Price to Earnings (P/E)―
Beta1.46
Next Earnings
Nov 07, 2024EPS Estimate
$0.16Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding141,146,976
10 Day Avg. Volume1,667
30 Day Avg. Volume2,824
Standard Deviation0.20
R-Squared0.13
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)2.59
Price to Sales (P/S)2.66
Price to Cash Flow (P/CF)4.80
P/FCF Ratio5.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.12
Enterprise Value/Gross Profit9.65
Enterprise Value/Ebitda44.19
Forecast
1Y Price Target
$18.07Price Target Upside47.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Magnite News
Bulls Say, Bears Say
Bulls Say
International Growth OpportunitiesEmerging growth opportunities in international CTV markets are likely underappreciated, and MGNI stands to benefit from globalization.
Market LeadershipMagnite is strategically positioned to ride the secular tailwinds as more CTV ads transition to programmatic execution and could sustain a multi-year growth trajectory by simply maintaining its current market leadership.
Partnership With NetflixNetflix announced private marketplace deals are now available through The Trade Desk and Google’s DV360, which implies that Magnite, its exclusive SSP, is making this inventory available.
Bears Say
Business RelationshipMGNI's share price is under pressure on press reports that Disney's Real-Time Ad Exchange (DRAX), is no longer using MGNI.
Financial PerformanceAEBITDA guidance was $2.4M below consensus.
Industry PositionRecent comments on The Digiday Podcast from Disney’s Jamie Power have once again sparked fears of disintermediation of MGNI’s exclusive SSP role within Disney's inventory.
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Options Prices
Currently, No data available
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Ownership Overview
3.21% Insiders
23.58% Mutual Funds
0.76% Other Institutional Investors
57.10% Public Companies and
Individual Investors
0A99 FAQ
What was Magnite’s price range in the past 12 months?
Magnite lowest share price was $6.29 and its highest was $15.87 in the past 12 months.
What is Magnite’s market cap?
Currently, no data Available
When is Magnite’s upcoming earnings report date?
Magnite’s upcoming earnings report date is Nov 07, 2024 which is in 19 days.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on Aug 07, 2024. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.154 by -$0.014.
Is Magnite overvalued?
According to Wall Street analysts Magnite’s price is currently Undervalued.
Does Magnite pay dividends?
Magnite does not currently pay dividends.
What is Magnite’s EPS estimate?
Magnite’s EPS estimate is $0.16.
How many shares outstanding does Magnite have?
Magnite has 141,146,970 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.14 in its last earnings report, missing expectations of $0.154. Following the earnings report the stock price went down -3.013%.
Which hedge fund is a major shareholder of Magnite?
Among the largest hedge funds holding Magnite’s share is Edenbrook Capital, LLC. It holds Magnite’s shares valued at 61M.
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Magnite Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$18.07 (47.99% Upside)
$18.07 (47.99% Upside)
Blogger Sentiment
Bullish
GB:0A99 Sentiment 90%
Sector Average 67%
Sector Average 67%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
70.27%
12-Months-Change
Fundamentals
Return on Equity
-0.79%
Trailing 12-Months
Asset Growth
9.78%
Trailing 12-Months
Company Description
Magnite
Magnite, Inc. offers technology solutions that automate the purchase and sale of digital advertising inventory. Publishers use its technology to monetize their content across multiple platforms, including CTV, online video, audio, and display. Moreover, ad agencies and brands leverage Magnite’s platform to access brand-safe, high-quality ad inventory.
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0A99 Company Deck
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0A99 Earnings Call
Q2 2024
0:00 / 0:00
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0A99 Stock 12 Month Forecast
Average Price Target
$18.07
▲(47.99% Upside)
Technical Analysis
Best Analysts Covering 0A99
1 Year
1 Year Success Rate
9/15 ratings generated profit
1 Year Average Return
+19.94%
assigned a buy rating 18 days ago
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +19.94% per trade.
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