Magnite, Inc. (MGNI)

NASDAQ: MGNI · IEX Real-Time Price · USD
9.22
+0.04 (0.44%)
Mar 30, 2023, 11:14 AM EDT - Market open
0.44%
Market Cap 1.24B
Revenue (ttm) 577.07M
Net Income (ttm) -130.32M
Shares Out 135.06M
EPS (ttm) -0.98
PE Ratio n/a
Forward PE 12.94
Dividend n/a
Ex-Dividend Date n/a
Volume 223,868
Open 9.39
Previous Close 9.18
Day's Range 9.22 - 9.45
52-Week Range 5.59 - 14.29
Beta 2.15
Analysts Buy
Price Target 15.35 (+66.49%)
Earnings Date May 2, 2023

About MGNI

Magnite, Inc. operates an independent 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 provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its tech... [Read more]

CEO Michael Barrett
Employees 876
Stock Exchange NASDAQ
Ticker Symbol MGNI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for MGNI stock is "Buy." The 12-month stock price forecast is $15.35, which is an increase of 66.49% from the latest price.

Price Target
$15.35
(66.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Magnite Research Reveals Streaming TV Is Most-watched Form of TV Across the EU5

Study explores how evolving consumer attitudes and viewing habits are reshaping the streaming landscape

1 week ago - GlobeNewsWire

QYOU Media India Selects SpringServe as Its Primary Ad Server

QYOU Media India's Q PLAY app partners with SpringServe to connect advertisers with viewers across OTT and CTV QYOU Media India's Q PLAY app partners with SpringServe to connect advertisers with viewe...

2 weeks ago - GlobeNewsWire

SpringServe joins the Amazon Publisher Services Streaming TV Ad Server Certification Program

NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- SpringServe, the leading independent ad serving platform now part of Magnite (NASDAQ:MGNI), announced today that it will be joining the Amazon Publisher Se...

2 weeks ago - GlobeNewsWire

Magnite Appoints David Buonasera to Chief Technology Officer

Ad Tech Veteran and SpringServe CTO Assumes Top Tech Role Ad Tech Veteran and SpringServe CTO Assumes Top Tech Role

1 month ago - GlobeNewsWire

Magnite Partners with S&P Global Mobility to Enrich Streaming TV Inventory with Automotive Insights

NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced it is partnering with Polk Automotive Solutions from S&P Glo...

1 month ago - GlobeNewsWire

7 Super Speculative Stocks That Could Make You Very Rich

Growth stocks are indisputably heating up on Wall Street. In a recent CNBC article, the financial news outlet suggested that “retail investors” are responsible for the surge.

Other symbols: ALGMGMICADLACMTRNSUN
1 month ago - InvestorPlace

Magnite (MGNI) Q4 Earnings Miss Estimates

Magnite (MGNI) delivered earnings and revenue surprises of -31.43% and 13.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Magnite Reports Record Fourth Quarter and Full-Year 2022 Results

Total Revenue up 9% in Fourth Quarter

1 month ago - GlobeNewsWire

Rakuten Advertising Adopts SpringServe Tiles to Strengthen Impact of Ad-Supported Campaigns on Rakuten TV

LONDON, Feb. 16, 2023 (GLOBE NEWSWIRE) -- SpringServe, the leading independent TV ad serving platform now part of Magnite (Nasdaq: MGNI), today announced that Rakuten Advertising has adopted the Sprin...

1 month ago - GlobeNewsWire

TMB (Trusted Media Brands) Leverages Magnite SSP and SpringServe Ad Server to Streamline Omnichannel Programmatic Efficiency

NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced TMB (Trusted Media Brands), the leading community-driven ent...

1 month ago - GlobeNewsWire

Magnite to Announce Fourth Quarter 2022 Financial Results on February 22, 2023

NEW YORK, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, will announce its financial results for the fourth quarter ended December 31...

2 months ago - GlobeNewsWire

Magnite (MGNI) Partners With Brightcove to Boost Advertising

Magnite (MGNI) enters a partnership with the cloud-based online video platform, Brightclove, to help it provide better opportunities to its customers to monetize the ad space.

2 months ago - Zacks Investment Research

Brightcove and Magnite Announce Strategic Partnership to Boost Ad Monetization for CTV and Online Video (OLV) Publishers

BOSTON--(BUSINESS WIRE)--Brightcove Inc. (NASDAQ: BCOV), the most trusted streaming technology company in the world, today announced it has entered into a strategic relationship with Magnite (NASDAQ...

Other symbols: BCOV
2 months ago - Business Wire

Criteo Announces Preferred Relationship with Magnite to Extend Retailer Audiences into CTV

The collaboration will help drive growth for Criteo's retailer partners NEW YORK , Jan. 5, 2023 /PRNewswire/ -- Criteo (Nasdaq: CRTO), the commerce media company and Magnite (Nasdaq: MGNI), the world'...

Other symbols: CRTO
3 months ago - PRNewsWire

Magnite to Participate in the Needham Annual Growth Conference

NEW YORK, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that members of its executive team will participate in a fir...

3 months ago - GlobeNewsWire

Magnite (MGNI) to Serve SmartNews as Supply Side Platform

Magnite (MGNI) to partner with SmartNews to serve as its supply-side platform and provide a demand manager mobile app solution.

3 months ago - Zacks Investment Research

SmartNews Selects Magnite as Preferred SSP in the US and Implements Demand Manager Mobile

Magnite's Demand Manager Mobile lifts SmartNews' programmatic ad spend Magnite's Demand Manager Mobile lifts SmartNews' programmatic ad spend

3 months ago - GlobeNewsWire

Ads on Streaming Platforms Capture More Attention Than Ads on Social Media in India, According to New Magnite Research

64% of streamers in India report that they are more receptive to ads on streaming platforms than ads on social media 64% of streamers in India report that they are more receptive to ads on streaming p...

4 months ago - GlobeNewsWire

Magnite (MGNI) Expands Its Existing Deal With Horizon Media

Magnite (MGNI) extends its partnership with Horizon Media.

4 months ago - Zacks Investment Research

Magnite and Horizon Media Sign Multi-Year SPO Deal to Bring Advertisers Closer to Premium Publisher Inventory

Horizon Media to Consolidate Omnichannel Buys Through Magnite, With Focus on CTV Horizon Media to Consolidate Omnichannel Buys Through Magnite, With Focus on CTV

4 months ago - GlobeNewsWire

Magnite (MGNI) Q3 Earnings and Revenues Surpass Estimates

Magnite (MGNI) delivered earnings and revenue surprises of 5.88% and 17.59%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

rlaxx TV Brings On Magnite's SSP to Support Ad Strategy Across Europe

German-based FAST and AVOD service expands its programmatic OTT advertising capabilities German-based FAST and AVOD service expands its programmatic OTT advertising capabilities

5 months ago - GlobeNewsWire

Magnite to Participate in Upcoming Financial Conferences

NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that members of its executive team will participate in the f...

5 months ago - GlobeNewsWire

Magnite (MGNI) Witnesses Significant Improvement Across Asia

Magnite (MGNI) announces growth across Asia as OTT viewership increases and omnichannel demand strengthens.

5 months ago - Zacks Investment Research

Magnite Reports Growth in Asia, Driven by Increasing OTT Viewership and Strong Omnichannel Demand

Magnite's technical capabilities and integrations with premium publishers fuel 23% year-over-year growth in omnichannel ad spend in Asia across the Magnite platform Magnite's technical capabilities an...

5 months ago - GlobeNewsWire