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Magnite (MGNI)
NASDAQ:MGNI
Magnite (MGNI) Stock Price & Analysis
2,360 Followers
MGNI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.28 - $15.73
Previous Close$13.53
Volume1.07M
Average Volume (3M)1.83M
Market Cap
$1.89B
Enterprise Value$2.27B
Total Cash (Recent Filing)$252.83M
Total Debt (Recent Filing)$625.69M
Price to Earnings (P/E)―
Beta3.14
Next Earnings
Aug 01, 2024EPS Estimate
$0.16Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.58
Shares Outstanding140,023,657
10 Day Avg. Volume1,620,522
30 Day Avg. Volume1,833,182
Standard Deviation0.26
R-Squared0.22
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)-5.22
Price to Sales (P/S)9.75
Price to Cash Flow (P/CF)-7.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.55
Enterprise Value/Gross Profit10.81
Enterprise Value/Ebitda42.87
Forecast
1Y Price Target
$16.21Price Target Upside20.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Magnite News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMGNI reported strong 1Q24 results at Net Revs (ex-TAC) of $130.6mm, up 12% y/y, and Adj EBITDA of $25mm, up 7% y/y, for a 19.2% margin.
Market PositionMGNI is increasingly seen as the go-to ad tech partner for both buyside and sellside stakeholders because of its market leading programmatic technology.
PartnershipThe MGNI/NFLX partnership could generate an incremental $10-$30MM in CTV Revenue for MGNI.
Bears Say
Investor ConcernsThe pullback is likely attributable to investor concerns over potential disintermediation risk, after Disney announced the integration of Google DV360 and TTD directly into its CTV supply.
Market ReactionThe recent stock reaction likely reflects the challenge faced by independent SSPs in proving their unique value proposition.
ValuationValuation is anchored to small cap AdTech, which is a disadvantage compared to larger AdTech peers.
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Ownership Overview
14.14% Insiders
25.20% Mutual Funds
39.80% Other Institutional Investors
20.87% 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 $6.28 and its highest was $15.73 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 Aug 01, 2024 which is in 29 days.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on May 08, 2024. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0 by $0.05.
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 140,023,650 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.05 in its last earnings report, beating expectations of $0. Following the earnings report the stock price went up 3.708%.
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 63M.
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Magnite Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$16.21 (20.16% Upside)
$16.21 (20.16% Upside)
Blogger Sentiment
Bullish
MGNI Sentiment 90%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 56.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $326.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 0.4%
Last 30 Days ▼ 0.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-0.87%
12-Months-Change
Fundamentals
Return on Equity
-11.17%
Trailing 12-Months
Asset Growth
1.00%
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
Q1 2024
0:00 / 0:00
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MGNI Stock 12 Month Forecast
Average Price Target
$16.21
▲(20.16% Upside)
Technical Analysis
Best Analysts Covering MGNI
1 Year
1 Year Success Rate
8/12 ratings generated profit
1 Year Average Return
+32.99%
assigned a buy rating 9 days ago
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +32.99% per trade.
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