Magnite, Inc. (MGNI)

Market Cap	2.01B
Revenue (ttm)	638.88M
Net Income (ttm)	-78.21M
Shares Out	140.02M
EPS (ttm)	-0.57
PE Ratio	n/a
Forward PE	18.18
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,197,375
Open	14.48
Previous Close	14.11
Day's Range	14.27 - 14.52
52-Week Range	6.28 - 15.92
Beta	2.34
Analysts	Strong Buy
Price Target	16.14 (+12.16%)
Earnings Date	Aug 7, 2024

About MGNI

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 applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advert...

• Industry: Advertising Agencies
• Sector: Communication Services
• CEO: Michael G. Barrett
• Employees: 911
• Stock Exchange: NASDAQ
• Ticker Symbol: MGNI

Financial Performance

In 2023, Magnite's revenue was $619.71 million, an increase of 7.39% compared to the previous year's $577.07 million. Losses were -$159.18 million, 22.1% more than in 2022.

Analyst Forecast

According to 12 analysts, the average rating for MGNI stock is "Strong Buy." The 12-month stock price forecast is $16.14, which is an increase of 12.16% from the latest price.

Price Target

$16.14

(12.16% upside)

Analyst Consensus: Strong Buy