Magnite, Inc. (MGNI)
| Market Cap | 3.92B |
| Revenue (ttm) | 318.24M |
| Net Income (ttm) | 19.30M |
| Shares Out | 125.98M |
| EPS (ttm) | 0.16 |
| PE Ratio | 185.47 |
| Forward PE | 37.04 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,103,361 |
| Open | 30.82 |
| Previous Close | 30.44 |
| Day's Range | 29.46 - 30.82 |
| 52-Week Range | 8.46 - 64.39 |
| Beta | 2.28 |
| Analysts | Strong Buy |
| Price Target | 47.30 (+58.4%) |
| Est. Earnings Date | Nov 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....
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 StatementsAnalyst 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.
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...
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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...
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
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...
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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...
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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?
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...
Magnite Reports Second Quarter 2021 Results
LOS ANGELES--(BUSINESS WIRE)-- #MGNI--Magnite Reports Second Quarter 2021 Results
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.
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.
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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.