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Magnite, Inc. (MGNI)

Stock Price: $24.99 USD 0.46 (1.88%)
Updated May 14, 2021 4:00 PM EDT - Market closed
After-hours: $25.17 +0.18 (0.72%) May 14, 7:59 PM
Market Cap 3.22B
Revenue (ttm) 246.05M
Net Income (ttm) -56.63M
Shares Out 115.30M
EPS (ttm) -0.47
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day May 14
Last Price $24.99
Previous Close $24.53
Change ($) 0.46
Change (%) 1.88%
Day's Open 25.01
Day's Range 24.53 - 25.52
Day's Volume 3,677,978
52-Week Range 4.94 - 64.39

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LOS ANGELES, May 14, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, announced that Michael Barrett, President & Chief Executive Officer, will pa...

2 days ago - GlobeNewsWire

TORONTO, May 13, 2021 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising platform, today announced the expansion of its preferred partner relationship with dentsu ...

3 days ago - GlobeNewsWire

Its first-quarter results were what everyone expected, but Wall Street is growing more pessimistic in its outlook on stocks.

5 days ago - The Motley Fool

Magnite Total Revenue of $60.7 million for Q1, up 67% Year over Year

6 days ago - GlobeNewsWire

A disappointing earnings report from The Trade Desk pulled down its ad tech peers.

Other stocks mentioned: CRTO, TTD
6 days ago - The Motley Fool

Is programmatic advertising falling out of favor?

Other stocks mentioned: TTD
6 days ago - The Motley Fool

Magnite's (MGNI) Q1 performance is likely to have gained from strength in the CTV business on traction in ad-supported programmatic CTV and expanded Demand Manager offering.

1 week ago - Zacks Investment Research

Creates Largest Independent CTV & Video Ad Platform; Clients Include A+E Networks, AMC Networks, Crackle, Discovery, FOX, fuboTV, LG, Roku, Samsung, Sling TV, Vizio Creates Largest Independent CTV & Vid...

2 weeks ago - GlobeNewsWire

Magnite (MGNI) closed at $40.99 in the latest trading session, marking a -0.75% move from the prior day.

2 weeks ago - Zacks Investment Research

Nearly 60% of those surveyed more likely to consider a travel brand advertised on CTV than on traditional TV Nearly 60% of those surveyed more likely to consider a travel brand advertised on CTV than on...

2 weeks ago - GlobeNewsWire

The stars are aligning for a digital advertising boom.

Other stocks mentioned: FB, GOOG, GOOGL, NYT, PINS, ROKU, TTD ...
3 weeks ago - The Motley Fool

Conventional wisdom has concocted reasons to abandon these investments, but in each case, the market is missing the bigger picture.

Other stocks mentioned: PTON, ZM
3 weeks ago - The Motley Fool

These beaten-down stocks have what it takes to be big winners.

Other stocks mentioned: WISH, ZM
3 weeks ago - The Motley Fool

Magnite (MGNI) closed the most recent trading day at $36.32, moving +0.58% from the previous trading session.

3 weeks ago - Zacks Investment Research

Magnite's “CTV in LATAM: The Future Forward” study explores the evolving consumer attitudes and consumption trends around connected TV across Latin America Magnite's “CTV in LATAM: The Future Forward” s...

3 weeks ago - GlobeNewsWire

Magnite (MGNI) closed at $39.50 in the latest trading session, marking a -0.28% move from the prior day.

1 month ago - Zacks Investment Research

In environments that disallow third party cookies such as Firefox and Safari, eCPMs increased more than 30% when first party identifiers were utilized In environments that disallow third party cookies s...

1 month ago - GlobeNewsWire

LOS ANGELES, April 14, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, will announce its financial results for the quarter ended March 31, 2021 a...

1 month ago - GlobeNewsWire

Tech is the future, and some growing names are on sale.

Other stocks mentioned: PYPL, SQ, TDOC, TTD, ZM
1 month ago - The Motley Fool

Magnite Inc (NASDAQ: MGNI) priced and syndicated a 7-year $360 million senior secured term loan B and a 5-year $52.5 million senior secured revolving credit facility. The offering proceeds of the Term L...

1 month ago - Benzinga

LOS ANGELES, April 05, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI) today announced that it has reached agreement in principle on pricing and syndication for a 7-year $360 million senior secured term...

1 month ago - GlobeNewsWire

In the latest trading session, Magnite (MGNI) closed at $40.91, marking a +0.49% move from the previous day.

1 month ago - Zacks Investment Research

SINGAPORE--(BUSINESS WIRE)--Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced a new, state of the art data center facility in Singapore, unifying its footpr...

1 month ago - Business Wire

The advertising industry is somewhere in the process of an important punctuated evolutionary transition, something like what life on Earth went through 65 million years ago after a big rock crashed into...

Other stocks mentioned: CMGR, CRTO, TTD
1 month ago - OTC PR Wire

LOS ANGELES--(BUSINESS WIRE)--Magnite (Nasdaq: MGNI) today announced that it has closed its offering of $400 million aggregate principal amount of 0.25% convertible senior notes due 2026 (the “notes”), ...

1 month ago - Business Wire

These seven companies are ones that investors believe may be impacted in some way from the recent changes announced by ad giant Google. The post 7 Stocks To Avoid That Remain at the Mercy of Google appe...

Other stocks mentioned: CRTO, PUBGY, PUBM, RAMP, TTD, WPP
1 month ago - InvestorPlace

LOS ANGELES--(BUSINESS WIRE)--Magnite (Nasdaq: MGNI) today announced the pricing of $350 million aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private placement to q...

2 months ago - Business Wire

Independent sell-side advertising platform Magnite Inc (NASDAQ: MGNI) announced its intention to offer $350 million convertible senior notes due 2026 in a private institutional offering. Initial purchas...

2 months ago - Benzinga

LOS ANGELES--(BUSINESS WIRE)--Magnite Convert Offering PR

2 months ago - Business Wire

After a healthy downturn, these tech stocks look poised to continue running higher in the years ahead.

Other stocks mentioned: PLTR, ROKU, TDOC
2 months ago - The Motley Fool

Programmatic advertising stocks were slammed in the wake of Google's announcement, but don't be fooled.

Other stocks mentioned: GOOG, GOOGL, TTD
2 months ago - The Motley Fool

These 7 risky stocks have solid fundamentals for long term growth. Use their drops now as an entry point into new highs.

Other stocks mentioned: AYX, CLX, ENLV, KC, RKT, U
2 months ago - InvestorPlace

MGNI stock roared ahead last year, but a pullback in the price offers a chance to own a piece of a company with outstanding revenues. The post Get Connected to the Smart TV Revolution With Magnite Stock...

2 months ago - InvestorPlace

Big tech is under pressure. These growth stocks offer attractive alternatives.

Other stocks mentioned: PINS, ZNGA
2 months ago - The Motley Fool

The Ad industry is rapidly evolving before our eyes. But evolution is nothing new to the space.

Other stocks mentioned: CMGR, CRTO, PUBM
2 months ago - OTC PR Wire

Google really is killing third-party browser cookies, and the company also expects most workarounds to fail in the long run.

Other stocks mentioned: CRTO, GOOG, GOOGL, TTD
2 months ago - The Motley Fool

The ad tech company soared on a key acquisition.

2 months ago - The Motley Fool

NEW YORK--(BUSINESS WIRE)--Magnite (NASDAQ: MGNI), the world's largest independent omnichannel sell-side advertising platform, released its “CTV: The Future Forward” report. The study of 10,500 consumer...

2 months ago - Business Wire

A new dynamic trio is emerging as the dominant players in video advertising, and it includes Magnite.

2 months ago - The Motley Fool

It seems shareholders are taking some profits off the table after an incredible year, but there are still reasons to be optimistic about the company's future.

2 months ago - The Motley Fool

Magnite's (MGNI) Q4 performance reflects solid top-line growth on strength across the CTV business driven by higher cord cutting and growing momentum of ad-supported programmatic CTV.

2 months ago - Zacks Investment Research

LOS ANGELES--(BUSINESS WIRE)--Magnite Reports Fourth Quarter 2020 Results

2 months ago - Business Wire

Magnite's (MGNI) Q4 performance likely to have gained from strength in the CTV business on growing traction of ad-supported programmatic CTV.

2 months ago - Zacks Investment Research

Not everyone thinks so.

2 months ago - The Motley Fool

The Advertising industry is in a crisis. TV commercials are cratering in value, despite the billions spent per year on a product everyone fast-forwards through.

Other stocks mentioned: CMGR, CRTO, TTD
2 months ago - OTC PR Wire

The ad-tech company's stock has soared, but is it still a worthy investment?

2 months ago - The Motley Fool

The sell-side digital ad platform just got a LOT bigger.

3 months ago - The Motley Fool

The company is doubling down on internet-based video and could be the best way to play the streaming TV frenzy.

3 months ago - The Motley Fool

Is (MGNI) Outperforming Other Computer and Technology Stocks This Year?

3 months ago - Zacks Investment Research

These companies offer plenty of growth potential -- and less risk of going bust.

Other stocks mentioned: AMZN, GOOGL
3 months ago - The Motley Fool

About MGNI

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's advertising platform enables publishers to monetize various screens and formats, including CTV, desktop display, video, audio, and mobile, as well as allows agencies and brands to access brand-safe ad inventory and execute advertising transactions. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc.... [Read more...]

Industry
Advertising Agencies
CEO
Michael Barrett
Employees
569
Stock Exchange
NASDAQ
Ticker Symbol
MGNI
Full Company Profile

Financial Performance

In 2020, Magnite's revenue was $221.63 million, an increase of 41.69% compared to the previous year's $156.41 million. Losses were -$53.43 million, 109.7% more than in 2019.

Financial Statements

Analyst Forecasts

According to 5 analysts, the average rating for Magnite stock is "Strong Buy." The 12-month stock price forecast is 45.88, which is an increase of 83.59% from the latest price.

Price Target
$45.88
(83.59% upside)
Analyst Consensus: Strong Buy