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Magnite

MGNI · NASDAQ

$23.81+$0.26 (+1.10%)TodayMarket closed ·
Prev close $23.55

About MGNI

Magnite, Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. The company is headquartered in New York City, New York and currently employs 971 full-time employees. The company went IPO on 2014-02-04. The firm provides technology solutions to automate the purchase and sale of digital advertising inventory. The firm's technology is used by publishers to monetize their content across all screens and formats including CTV, online video, display, and audio. Its platform features 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; applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms (DSPs), to buy digital advertising inventory; and a transparent, independent marketplace that brings buyers and sellers together and facilitates intelligent decision making and automated transaction execution at scale. Its SpringServe CTV platform offers CTV sellers a holistic solution.

Employees
971
Headquarters
New York City, New York
Listed
Feb 4, 2014
Sector
Communication Services
Industry
Media
Website
magnite.com

MGNI key statistics

Market cap
3.38B
Price-earnings ratio
21.41
Dividend yield
—
Average volume
1.91M
Volume
848.49K
Open price
$23.74
High today
$24.27
Low today
$23.65
52 Week high
$26.84
52 Week low
$10.82

Magnite (MGNI) at a glance

Magnite (MGNI) last traded at $23.81, with a market cap of 3.38B and a price-to-earnings ratio of 21.41.

Today the stock has traded between $23.65 and $24.27. The current price is 0.7% above the day's low and 1.9% below its high.

Volume so far is 848.49K shares, below the average of 1.91M shares a day.

Over the past year Magnite has ranged from $10.82 to $26.84, and now sits 81% of the way up that range.

Magnite met or beat analyst EPS estimates in 6 of the last 8 quarters. In Q2 FY26 it reported $0.26 per share against an estimate of $0.2537.

The average analyst price target is $30.69, 28.9% above the current price, from 11 recent ratings.

Analyst ratings

Latest rating from each analyst over the past 12 months

91%of 11 analyst ratings say Buy
  • Buy90.9%
  • Hold9.1%
  • Sell0.0%
Price target · 17 analystsAvg $30.69
Low
$22.22
Now
$23.81
High
$45.15

MGNI earnings

Earnings per share, reported against the analyst estimate

Beat the estimate in 6 of the last 8 quarters, by 20.3% on average.

  1. Q3 FY24: reported $0.17 per share against an estimate of $0.165
  2. Q4 FY24: reported $0.34 per share against an estimate of $0.3696
  3. Q1 FY25: reported $0.12 per share against an estimate of $0.0676
  4. Q2 FY25: reported $0.20 per share against an estimate of $0.1696
  5. Q3 FY25: reported $0.20 per share against an estimate of $0.1989
  6. Q4 FY25: reported $0.34 per share against an estimate of $0.3608
  7. Q1 FY26: reported $0.13 per share against an estimate of $0.1078
  8. Q2 FY26: reported $0.26 per share against an estimate of $0.2537

MGNI news

  • Kaustubh Bagalkote

    Why Is The Trade Desk Stock Falling on Wednesday?

  • Press releasePRNewswire

    Scowtt Appoints AdTech Veteran Ben Trenda as Chief Revenue Officer

  • Press releaseGlobe Newswire

    Magnite Named Primary Video Ad Server and a Programmatic Technology Provider for HP TV+

  • Press releaseBusiness Wire

    Telly Takes Television Advertising Beyond The Commercial Break

  • Press releaseGlobe Newswire

    Magnite Research Reveals Live Streaming Brings Audiences Together and Keeps Them Engaged Beyond the Main Event

  • 12 Communication Services Stocks Moving In Thursday's Intraday Session

  • Press releaseGlobe Newswire

    Business Insider Launches Standalone FAST Channel, Partners with Magnite’s SpringServe for Next Phase of Streaming Growth

  • Akanksha Bakshi

    Magnite Teams With Viasat To Bring Programmatic Ads To Air Travelers

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.