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Magnite, Inc. (MGNI)

NASDAQ: MGNI · IEX Real-Time Price · USD
29.89
+0.03 (0.10%)
After-hours:Oct 15, 2021 7:56 PM EDT
29.86
-0.58 (-1.91%)
At close: Oct 15, 4:00 PM
Market Cap3.92B
Revenue (ttm)318.24M
Net Income (ttm)19.30M
Shares Out125.98M
EPS (ttm)0.16
PE Ratio185.47
Forward PE37.04
Dividendn/a
Ex-Dividend Daten/a
Volume1,103,361
Open30.82
Previous Close30.44
Day's Range29.46 - 30.82
52-Week Range8.46 - 64.39
Beta2.28
AnalystsStrong Buy
Price Target47.30 (+58.4%)
Est. Earnings DateNov 8, 2021

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....

IndustryInternet & Direct Marketing Retail
CEOMichael Barrett
Employees569
Stock ExchangeNASDAQ
Ticker SymbolMGNI
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 Forecast

According to 5 analysts, the average rating for Magnite stock is "Strong Buy." The 12-month stock price forecast is 47.30, which is an increase of 58.41% from the latest price.

Price Target
$47.30
(58.41% upside)
Analyst Consensus: Strong Buy

News

Magnite to Announce Third Quarter 2021 Financial Results on November 3, 2021

LOS ANGELES, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, will announce its financial results for the quarter ended September 30, 202...

3 days ago - GlobeNewsWire

3 Reasons to Buy Magnite Stock, and 1 Reason to Sell

The ad-tech company has big plans for the future.

1 week ago - The Motley Fool

My 5 Favorite Stocks Right Now

Out of the hundreds of companies I follow, I'm more bullish on these five than any others.

Other symbols:LTCHPINSPTONZM
2 weeks ago - The Motley Fool

Magnite (MGNI) Dips More Than Broader Markets: What You Should Know

Magnite (MGNI) closed at $29.18 in the latest trading session, marking a -0.98% move from the prior day.

4 weeks ago - Zacks Investment Research

These Are 2 Stocks That I'm Keeping an Eye On

This 3D-modeling software company can be a strong winner as digital content continues to grow.

Other symbols:ADSK
1 month ago - The Motley Fool

Magnite Scores Big With fuboTV

The ad tech company's latest partnership may be a significant catalyst.

Other symbols:FUBO
1 month ago - The Motley Fool

Magnite Shares Gain On FuboTV Collaboration

Sports-first live TV streaming platform FuboTV Inc (NYSE: FUBO) chose the sell-side platform Magnite Inc (NASDAQ: MGNI) to serve as its preferred SSP. The collaboration united two leaders in programmati...

Other symbols:FUBO
1 month ago - Benzinga

fuboTV Selects Magnite as Preferred SSP

Focus on live sports and addressable targeting in CTV, kicking off with the 2021 football season Focus on live sports and addressable targeting in CTV, kicking off with the 2021 football season

1 month ago - GlobeNewsWire

Magnite to Webcast Investor Day September 15, 2021

LOS ANGELES, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform and CTV leader, will webcast its Investor Day on Wednesday, September 15, 2...

1 month ago - GlobeNewsWire

7 Tech Stocks That Will Survive the September Slaughter

These seven technology picks already dropped enough to discount disappointments ahead, so they will survive the tech stock selloff. The post 7 Tech Stocks That Will Survive the September Slaughter appea...

Other symbols:AIAPPSAYXMODNPINSSPOT
1 month ago - InvestorPlace

3 Top Growth Stocks to Buy Right Now

Corsair, Zillow, and Magnite can prove to be multibaggers in the coming years.

Other symbols:CRSRZZG
1 month ago - The Motley Fool

Is This a Buying Opportunity for Roku, Magnite, and Digital Turbine?

Fundamentals have not changed much for these three high-growth companies, but stock prices have dipped.

Other symbols:APPSROKU
1 month ago - The Motley Fool

Like The Trade Desk? You'll Love These 3 Adtech Stocks Too

Digital advertising has accelerated this year in the wake of the pandemic.

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1 month ago - The Motley Fool

This Value Stock Looks Like a Screaming Buy Post-Earnings

Get to know this small-cap ad-tech stock.

Other symbols:MSFTPERIROKUTTD
1 month ago - The Motley Fool

Merkle Collaborates with Magnite on Merkury Identity Resolution Platform

COLUMBIA, Md.--(BUSINESS WIRE)--Merkle, a leading data-driven customer experience management (CXM) company, announced that it is working with Magnite, the world's largest omnichannel sell-side advertisi...

2 months ago - Business Wire

Is Magnite Stock a Buy?

The ad tech company continues to fire on all cylinders.

2 months ago - The Motley Fool

Why Magnite Stock Popped Today

Shares of the ad tech company jumped on a strong earnings report.

2 months ago - The Motley Fool

These 2 Stocks Helped Send the Market Toward New Record Highs Friday

There's a lot of excitement on Wall Street.

Other symbols:SPCE
2 months ago - The Motley Fool

Magnite (MGNI) Q2 Earnings Match Estimates

Magnite (MGNI) delivered earnings and revenue surprises of 0.00% and 20.57%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Magnite: Q2 Earnings Insights

Shares of Magnite (NASDAQ:MGNI) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 210.00% over the past year to $0.11, which missed the estima...

2 months ago - Benzinga

Magnite Reports Second Quarter 2021 Results

LOS ANGELES--(BUSINESS WIRE)-- #MGNI--Magnite Reports Second Quarter 2021 Results

2 months ago - Business Wire

What's in the Offing for Magnite (MGNI) This Earnings Season?

Magnite's (MGNI) Q2 performance is likely to reflect gain from strength in the CTV business as well as SpotX acquisition.

2 months ago - Zacks Investment Research

Magnite (MGNI) Reports Next Week: Wall Street Expects Earnings Growth

Magnite (MGNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Got $1,000? Here Are 5 Stocks to Buy and Hold Long Term

The long-term theses for these five companies are supported by recent events, making them timely investments.

Other symbols:BYNDDPZMELIWIX
2 months ago - The Motley Fool

Magnite (MGNI) Stock Sinks As Market Gains: What You Should Know

Magnite (MGNI) closed at $33.19 in the latest trading session, marking a -0.93% move from the prior day.

3 months ago - Zacks Investment Research