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Magnite, Inc. (MGNI)

Stock Price: $32.19 USD 1.34 (4.34%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $32.20 +0.01 (0.03%) Jul 23, 7:55 PM
Market Cap 4.15B
Revenue (ttm) 246.05M
Net Income (ttm) -56.63M
Shares Out 115.30M
EPS (ttm) -0.51
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day July 23
Last Price $32.19
Previous Close $30.85
Change ($) 1.34
Change (%) 4.34%
Day's Open 31.51
Day's Range 31.06 - 32.55
Day's Volume 1,649,759
52-Week Range 5.57 - 64.39

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

Other stocks mentioned: BYND, DPZ, MELI, WIX
5 days ago - The Motley Fool

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

2 weeks ago - Zacks Investment Research

LOS ANGELES, July 07, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, will announce its financial results for the quarter ended June 30, 2021 aft...

2 weeks ago - GlobeNewsWire

Gaming, advertising technology, and emerging markets could be providing investors with some great value.

Other stocks mentioned: APPS, ATVI, TCEHY
2 weeks ago - The Motley Fool

Craig-Hallum analyst Jason Kreyer hailed Magnite Inc's (NASDAQ: MGNI) acquisition of video ad server SpringServe for $31 million. He reiterates a Buy rating and $50 price target on the stock.

3 weeks ago - Benzinga

Sell-side advertising platform Magnite Inc (NASDAQ: MGNI) acquired SpringServe, an ad serving platform for connected TV (CTV), for $31 million. SpringServe's technology manages multiple aspects of video...

3 weeks ago - Benzinga

Combination empowers CTV publishers with a tighter integration  between direct and programmatic inventory

3 weeks ago - GlobeNewsWire

As of late, it has definitely been a great time to be an investor in Magnite, Inc. (MGNI).

3 weeks ago - Zacks Investment Research

Magnite and The Trade Desk get even more time to expand their high-growth CTV businesses.

Other stocks mentioned: TTD
3 weeks ago - The Motley Fool

Our theme of Digital Advertising Stocks - which includes digital ad platforms and ad technology players - has returned about 23% year-to-date, outperforming the broader Nasdaq-100, which is up by just a...

Other stocks mentioned: ROKU
3 weeks ago - Forbes

Both ad tech firms are growing, but one holds the edge as the superior investment.

Other stocks mentioned: TTD
3 weeks ago - The Motley Fool

Provides Media Owners with a Transparent, Scalable and Standardized Solution Based on Publisher First-Party Data Provides Media Owners with a Transparent, Scalable and Standardized Solution Based on Pub...

3 weeks ago - GlobeNewsWire

Magnite (MGNI) closed the most recent trading day at $36.83, moving +0.9% from the previous trading session.

3 weeks ago - Zacks Investment Research

Is (MGNI) Outperforming Other Computer and Technology Stocks This Year?

3 weeks ago - Zacks Investment Research

Magnite, Enterprise Products Partners, and Vizio are well-positioned to benefit from the structural tailwinds in a recovering economy.

Other stocks mentioned: EPD, VZIO
3 weeks ago - The Motley Fool

Google pushes back its timeline for blocking third-party cookies in Chrome, giving the advertising industry more time to prepare for the changes.

Other stocks mentioned: CRTO, GOOG, GOOGL, TTD
4 weeks ago - The Motley Fool

Google's initiative to phase out support for third-party cookies has been delayed.

Other stocks mentioned: PUBM, TTD
4 weeks ago - The Motley Fool

Magnite (MGNI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

4 weeks ago - Zacks Investment Research

You'll never believe whom these companies have to thank for their big gains.

Other stocks mentioned: CRTO, PUBM, TTD
4 weeks ago - The Motley Fool

This Israeli ad tech company deserves a second look.

Other stocks mentioned: GOOG, GOOGL, TTD
1 month ago - The Motley Fool

Magnite and two other growth stocks deserve much more attention than Reddit's latest obsessions.

Other stocks mentioned: BMBL, SE
1 month ago - The Motley Fool

Magnite (MGNI) closed the most recent trading day at $30.98, moving -0.1% from the previous trading session.

1 month ago - Zacks Investment Research

The ad tech company is still firing on all cylinders.

1 month ago - The Motley Fool

Initiative will help CTV publishers reach a new class of first-time TV buyers that value data-driven capabilities and brand safety Initiative will help CTV publishers reach a new class of first-time TV ...

1 month ago - GlobeNewsWire

If analysts are correct, this assortment of rapidly growing companies could deliver big-time returns over the next year.

Other stocks mentioned: PLUG, TCNNF, TDOC, VXRT
1 month ago - The Motley Fool

Worries about inflation might make some investors nervous, but not shareholders of these two up-and-comers.

Other stocks mentioned: FUBO
1 month ago - The Motley Fool

Shares of the ad tech stock gained on an analyst upgrade.

1 month ago - The Motley Fool

One might think of the Marketing and Advertising industry as something akin to the “applied social sciences”. Psychology, sociology, anthropology all rolled into one.

Other stocks mentioned: CMGR, CRTO, TTD
1 month ago - OTC PR Wire

The VOD platform will utilize Magnite's technology in the UK, France, Germany, Spain, Italy, the Nordics and Benelux The VOD platform will utilize Magnite's technology in the UK, France, Germany, Spain,...

1 month ago - GlobeNewsWire

LOS ANGELES, May 27, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, announced that Michael Barrett, President & Chief Executive Officer, will pa...

1 month ago - GlobeNewsWire

Appoints New Technology and Sales Leaders Effective July 1; Strengthens Ability To Serve Clients Across All Formats, Including CTV Appoints New Technology and Sales Leaders Effective July 1; Strengthens...

1 month ago - GlobeNewsWire

The media company will make its programmatic CTV, OLV and display inventory available to buyers via Magnite The media company will make its programmatic CTV, OLV and display inventory available to buyer...

2 months ago - GlobeNewsWire

The digital ads software leader for connected TV is growing fast after a recent acquisition.

2 months ago - The Motley Fool

LOS ANGELES, May 14, 2021 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, announced that Michael Barrett, President & Chief Executive Officer, will pa...

2 months ago - GlobeNewsWire

TORONTO, May 13, 2021 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising platform, today announced the expansion of its preferred partner relationship with dentsu ...

2 months ago - GlobeNewsWire

Its first-quarter results were what everyone expected, but Wall Street is growing more pessimistic in its outlook on stocks.

2 months ago - The Motley Fool

Magnite Total Revenue of $60.7 million for Q1, up 67% Year over Year

2 months ago - GlobeNewsWire

A disappointing earnings report from The Trade Desk pulled down its ad tech peers.

Other stocks mentioned: CRTO, TTD
2 months ago - The Motley Fool

Is programmatic advertising falling out of favor?

Other stocks mentioned: TTD
2 months ago - The Motley Fool

Magnite's (MGNI) Q1 performance is likely to have gained from strength in the CTV business on traction in ad-supported programmatic CTV and expanded Demand Manager offering.

2 months ago - Zacks Investment Research

Creates Largest Independent CTV & Video Ad Platform; Clients Include A+E Networks, AMC Networks, Crackle, Discovery, FOX, fuboTV, LG, Roku, Samsung, Sling TV, Vizio Creates Largest Independent CTV & Vid...

2 months ago - GlobeNewsWire

Magnite (MGNI) closed at $40.99 in the latest trading session, marking a -0.75% move from the prior day.

2 months ago - Zacks Investment Research

Nearly 60% of those surveyed more likely to consider a travel brand advertised on CTV than on traditional TV Nearly 60% of those surveyed more likely to consider a travel brand advertised on CTV than on...

2 months ago - GlobeNewsWire

The stars are aligning for a digital advertising boom.

Other stocks mentioned: FB, GOOG, GOOGL, NYT, PINS, ROKU, TTD ...
3 months ago - The Motley Fool

Conventional wisdom has concocted reasons to abandon these investments, but in each case, the market is missing the bigger picture.

Other stocks mentioned: PTON, ZM
3 months ago - The Motley Fool

These beaten-down stocks have what it takes to be big winners.

Other stocks mentioned: WISH, ZM
3 months ago - The Motley Fool

Magnite (MGNI) closed the most recent trading day at $36.32, moving +0.58% from the previous trading session.

3 months ago - Zacks Investment Research

Magnite's “CTV in LATAM: The Future Forward” study explores the evolving consumer attitudes and consumption trends around connected TV across Latin America Magnite's “CTV in LATAM: The Future Forward” s...

3 months ago - GlobeNewsWire

Magnite (MGNI) closed at $39.50 in the latest trading session, marking a -0.28% move from the prior day.

3 months ago - Zacks Investment Research

In environments that disallow third party cookies such as Firefox and Safari, eCPMs increased more than 30% when first party identifiers were utilized In environments that disallow third party cookies s...

3 months ago - GlobeNewsWire

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.... [Read more...]

Industry
Advertising Agencies
CEO
Michael Barrett
Employees
569
Stock Exchange
NASDAQ
Ticker Symbol
MGNI
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 Forecasts

According to 5 analysts, the average rating for Magnite stock is "Strong Buy." The 12-month stock price forecast is 45.88, which is an increase of 42.53% from the latest price.

Price Target
$45.88
(42.53% upside)
Analyst Consensus: Strong Buy