Magnite, Inc. (MGNI)

NASDAQ: MGNI · IEX Real-Time Price · USD
10.65
-0.17 (-1.57%)
At close: Jun 24, 2022 4:00 PM
10.79
+0.14 (1.31%)
After-hours: Jun 24, 2022 7:55 PM EDT
-1.57%
Market Cap 1.40B
Revenue (ttm) 525.77M
Net Income (ttm) -31.65M
Shares Out 131.91M
EPS (ttm) -0.24
PE Ratio n/a
Forward PE 11.25
Dividend n/a
Ex-Dividend Date n/a
Volume 5,459,758
Open 10.88
Previous Close 10.82
Day's Range 10.30 - 11.14
52-Week Range 8.57 - 37.54
Beta 2.24
Analysts Buy
Price Target 20.85 (+95.8%)
Earnings Date Aug 4, 2022

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...]

Industry Internet & Direct Marketing Retail
CEO Michael Barrett
Employees 876
Stock Exchange NASDAQ
Ticker Symbol MGNI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for MGNI stock is "Buy." The 12-month stock price forecast is 20.85, which is an increase of 95.77% from the latest price.

Price Target
$20.85
(95.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Where Will Magnite Be in 5 Years?

The ad tech company still has a bright future.

GroupM Premium Marketplace Gains Momentum Through Magnite

Exclusive integrations have maximized working media for publishers and enabled GroupM clients to realize incremental value across omnichannel media buys including CTV, digital video and display Exclusiv...

LG Ads Solutions Enables Data-driven Planning, Activation, Measurement and Advanced Analytics for Media Buyers with M...

Collaboration pairs one of the world's largest ACR datasets with the largest independent SSP Collaboration pairs one of the world's largest ACR datasets with the largest independent SSP

Magnite Expands Measurement and Attribution Program to Bring Currency Optionality to Programmatic CTV

Comscore, iSpot, Nielsen, Innovid and VideoAmp Among Initial Providers Certified by Magnite Comscore, iSpot, Nielsen, Innovid and VideoAmp Among Initial Providers Certified by Magnite

Magnite and Primis Launch Sustainable Stream

Video marketplace brings together environmentally conscious content creators, publishers and buyers to drive impact via programmatic advertising Video marketplace brings together environmentally conscio...

These 2 Stocks Likely Won't Win This Important Customer Anytime Soon

Understanding the risks is an important part of the investing process.

Other symbols: PUBM

Why Magnite Stock Jumped 14% Last Month

It's a difficult company to understand, but investors finally decided it's better positioned than many of its peers.

3 Reasons Why Magnite Should Perform Well Moving Forward

This online marketing company's fundamentals should improve moving into 2023.

Snap's down 32% and it's dragging other stocks down with it

"Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated," Snap said in an SEC filing.

Magnite Signs With NewsGuard to Enhance Commitment to Brand Safety and Inventory Quality

Added layer of protection enables Magnite to better assess news-oriented inventory credibility and help prevent the monetization of misinformation and disinformation across its platforms Added layer of ...

3 No-Brainer Stocks to Buy Right Now for Less Than $10 a Share

Magnite, UMC, and Baozun could all rebound to double-digit prices.

Other symbols: BZUNUMC

Is Magnite Stock a Buy Now?

The ad tech company's growth is accelerating again.

Magnite to Present at Upcoming Financial Conferences

NEW YORK, May 06, 2022 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent omnichannel sell-side advertising platform, today announced management will be presenting at the follow...

Magnite (MGNI) Beats Q1 Earnings and Revenue Estimates

Magnite (MGNI) delivered earnings and revenue surprises of 14.29% and 10.35%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Buy These 2 Streaming Video Stocks Instead of Netflix

Warner Bros. Discovery and Magnite have more upside potential than the streaming leader.

Other symbols: WBD

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

Magnite's (MGNI) Q1 performance is likely to reflect strength in the CTV business along with the SpotX and SpringServe acquisitions.

Magnite Launches Deal Discovery to Enhance PMP Creation and Activation for Buyers and Sellers

Self-service solution enables buyers to create multi-publisher PMPs for omnichannel inventory including online video, display, mobile and audio Self-service solution enables buyers to create multi-publi...

3 Top Tech Stocks Under $20 per Share

Here are three stocks with low share prices that are also strong businesses.

Other symbols: LTCHMITK

Magnite to Announce First Quarter 2022 Financial Results on May 4, 2022

NEW YORK, April 04, 2022 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, will announce its financial results for the quarter ended March 31, 2022 afte...

Better Ad Tech Stock: Magnite vs. The Trade Desk

Which advertising technology company has more room to run this year?

Other symbols: TTD

Better Buy: PubMatic vs. Magnite

These competing ad tech firms are both flourishing, but one holds the edge as the superior investment.

Other symbols: PUBM

This Sneaky Stock Could Be a Winner Thanks to Disney's Latest Plan for its Streaming Service

When Disney starts running ads on Disney+, it will probably look to Magnite for help.

Magnite Launches Prebid Page Integration to Help Publishers Simplify Header Bidding Configurations

Solution offers publishers a standardized taxonomy for how Prebid's auctioning technology interacts with their web pages and ad server

Plex Names Magnite as a Preferred SSP and SpringServe as Primary Ad Server

Plex Sees YoY Triple-Digit Percentage Growth Through Both Magnite and SpringServe

Is Magnite Stock a Good Long-Term Investment?

This advertising tech company's strategy shift helped it generate triple-digit revenue growth last year.