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Magnite (MGNI)
NASDAQ:MGNI
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MGNI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.38 - $18.38
Previous Close$15.72
Volume2.80M
Average Volume (3M)1.90M
Market Cap
$2.21B
Enterprise Value$2.44B
Total Cash (Recent Filing)$387.24M
Total Debt (Recent Filing)$618.62M
Price to Earnings (P/E)136.8
Beta2.12
Next Earnings
Feb 26, 2025EPS Estimate
$0.39Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.11
Shares Outstanding140,690,441
10 Day Avg. Volume1,424,801
30 Day Avg. Volume1,899,807
Standard Deviation0.26
R-Squared0.25
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)3.17
Price to Sales (P/S)3.35
Price to Cash Flow (P/CF)6.10
P/FCF Ratio7.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.70
Enterprise Value/Gross Profit11.64
Enterprise Value/Ebitda64.97
Forecast
1Y Price Target
$19.17Price Target Upside17.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
Magnite News
Bulls Say, Bears Say
Bulls Say
Cost EfficienciesThe company is achieving cost efficiencies through filtering and traffic shaping, cutting cost per ad request 30% year over year.
Growth PartnershipsThe NFLX partnership win is driving an uptick in customer interest in international markets and reaffirming that DIS remains a growth partner.
Revenue GrowthNFLX is expected to contribute significantly to Magnite's revenue in upcoming years, potentially putting revenue estimates ahead of consensus.
Bears Say
Competitive PressureMGNI's share price is under pressure on press reports that Disney's Real-Time Ad Exchange (DRAX), is no longer using MGNI.
Financial PerformanceThe take rate has decreased significantly due to the shift towards CTV, impacting gross margins negatively.
Market DynamicsConcerns about declining take rates are expected to pressure margins, limiting EBITDA growth despite higher revenue.
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Ownership Overview
2.89% Insiders
23.12% Mutual Funds
25.76% Other Institutional Investors
32.37% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MGNI FAQ
What was Magnite’s price range in the past 12 months?
Magnite lowest stock price was $8.38 and its highest was $18.38 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 Feb 26, 2025 which is in 67 days.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on Nov 07, 2024. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.162 by $0.008.
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 $0.39.
How many shares outstanding does Magnite have?
Magnite has 140,690,440 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.17 in its last earnings report, beating expectations of $0.162. Following the earnings report the stock price went up 0.89%.
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 48M.
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Magnite Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$19.17 (17.32% Upside)
$19.17 (17.32% Upside)
Blogger Sentiment
Bullish
MGNI Sentiment 90%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $201.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.4%
Last 30 Days ▲ 20.3%
Last 30 Days ▲ 20.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
62.56%
12-Months-Change
Fundamentals
Return on Equity
2.51%
Trailing 12-Months
Asset Growth
11.98%
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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MGNI Company Deck
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MGNI Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in CTV and expanded partnerships with major players like Netflix and Disney, leading to robust financial performance and cash flow. However, challenges in the DV+ segment and a decline in managed service indicate areas needing improvement. Overall, the positive aspects outweigh the negatives.Read More>---
MGNI Stock 12 Month Forecast
Average Price Target
$19.17
▲(17.32% Upside)
Technical Analysis
Best Analysts Covering MGNI
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+38.83%
reiterated a buy rating last month
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 81.25% of your transactions generating a profit, with an average return of +38.83% per trade.
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