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12.50
2.46%
0.30
After Hours:
12.50
Magnite Inc stock is traded at $12.50, with a volume of 748.27K.
It is up +2.46% in the last 24 hours and up +1.63% over the past month.
Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.
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Previous Close:
$12.20
Open:
$12.1
24h Volume:
748.27K
Relative Volume:
0.45
Market Cap:
$1.75B
Revenue:
$619.71M
Net Income/Loss:
$-159.18M
P/E Ratio:
-7.2674
EPS:
-1.72
Net Cash Flow:
$176.98M
1W Performance:
-0.16%
1M Performance:
+1.63%
6M Performance:
+35.14%
1Y Performance:
+68.92%
1-Day Range:
$12.08
$12.54
1-Week Range:
$12.08
$13.05
52-Week Range:
$6.55
$15.92
Magnite Inc Stock (MGNI) Company Profile
Name
Magnite Inc
Sector
Industry
Phone
212-243-2769
Address
1250 BROADWAY, NEW YORK
Magnite Inc Stock (MGNI) Upgrades & Downgrades
| Date | Action | Analyst | Rating Change |
|---|---|---|---|
| Jan-11-24 | Initiated | BofA Securities | Neutral |
| Aug-16-23 | Upgrade | Evercore ISI | In-line → Outperform |
| Apr-13-23 | Initiated | B. Riley Securities | Buy |
| Jul-14-22 | Initiated | The Benchmark Company | Buy |
| Sep-22-21 | Initiated | Berenberg | Buy |
| Aug-31-21 | Initiated | Macquarie | Outperform |
| Aug-09-21 | Initiated | RBC Capital Mkts | Outperform |
| Jun-07-21 | Upgrade | Truist | Hold → Buy |
| Apr-06-21 | Initiated | Evercore ISI | In-line |
| Jan-28-21 | Resumed | B. Riley Securities | Neutral |
| Jan-25-21 | Downgrade | Truist | Buy → Hold |
| Jan-22-21 | Reiterated | Craig Hallum | Buy |
| Dec-21-20 | Reiterated | Needham | Buy |
| Dec-18-20 | Initiated | Susquehanna | Positive |
| Nov-10-20 | Reiterated | Needham | Buy |
| Sep-29-20 | Initiated | RBC Capital Mkts | Outperform |
| Sep-03-20 | Initiated | Needham | Buy |
View All
Magnite Inc Stock (MGNI) Latest News
Here’s Why Choice Equities Fund is Holding Magnite (MGNI) - Insider Monkey
Magnite Gets Highest Score for ‘Current Offering’ in Leading SSP Report - StockTitan
Harbor Capital Advisors Inc. Acquires 531,069 Shares of Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
(MGNI) Pivots Trading Plans and Risk Controls - Stock Traders Daily
Stephens Investment Management Group LLC Takes $5.59 Million Position in Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
Magnite, Inc. (NASDAQ:MGNI) Receives Consensus Recommendation of "Moderate Buy" from Analysts - MarketBeat
Is This Small-Cap Growth Stock a Buy on Its Disney Deal? - MSN
TSX Composite Index (TXCX) QuotePress Release - The Globe and Mail
S&P 500 Energy [Sector] (SREN) QuotePress Release - The Globe and Mail
Wells Fargo Initiates Coverage on Magnite, Trade Desk With Mixed Ratings - Yahoo Finance
Assenagon Asset Management S.A. Raises Stock Holdings in Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
Ad names Magnite and Trade Desk started at Wells Fargo - MSN
Ad names Magnite and Trade Desk started at Wells Fargo (NASDAQ:TTD) - Seeking Alpha
Magnite stock gains from Netflix ads deal, but CTV margins a concernWells Fargo - Investing.com Canada
Wells Fargo & Company Begins Coverage on Magnite (NASDAQ:MGNI) - MarketBeat
Magnite initiated with an Equal Weight at Wells Fargo - TipRanks
Magnite to Participate in Upcoming Financial Conferences - StockTitan
Leading Supply-side Partners Including FreeWheel, Index Exchange, Magnite, Microsoft Monetize and PubMatic Integrate European Unified ID to Maintain Relevant Advertising - Yahoo Finance
Is Magnite (NASDAQ:MGNI) Using Too Much Debt? - Simply Wall St
Riverwater Partners LLC Acquires New Holdings in Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
AdTech Stock Magnite Gains as Disney Renews Key Deal, Expands ESPN and Podcast Offerings - MSN
Magnite extends deal with Disney for ad tech services By Investing.com - Investing.com Australia
Magnite renewal with Disney assuages concerns, says B. Riley - TipRanks
Magnite renewal should ‘begin to unwind confusion,’ says Craig-Hallum - TipRanks
Magnite Inc call volume above normal and directionally bullish - TipRanks
Magnite (NASDAQ:MGNI) Shares Gap UpWhat's Next? - MarketBeat
Magnite, Disney announce two-year deal renewal - TipRanks
MGNIMagnite, Inc. Latest Stock News & Market Updates - StockTitan
Magnite extends deal with Disney for ad tech services - Investing.com India
Disney and Magnite Announce Two-Year Deal Renewal - StockTitan
How to Take Advantage of moves in (MGNI) - Stock Traders Daily
Pixalate Releases Q2 2024 LATAM Supply-Side Platform (SSP) Market Share Rankings for Connected TV (CTV), Mobile Apps, & Web: Magnite No. 1 in Brazil on Web (28%), Google AdExchange Leads on Roku in Mexico (45%), Verve No. 1 for Mobile Apps - ForexTV.com
Pixalate Releases Q2 2024 LATAM Supply-Side Platform (SSP) - GlobeNewswire
Pixalate Releases Q2 2024 North America Supply-Side - GlobeNewswire
Pixalate Releases Q2 2024 North America Supply-Side Platform (SSP) Market Share Rankings for Connected TV (CTV), Mobile Apps, & Web: Magnite Leads in US & Canada on Roku, Verve No. 1 for Mobile App, Google AdExchange No. 1 on Web - GlobeNewswire Inc.
Pixalate Releases Q2 2024 North America Supply-Side Platform (SSP) Market Share Rankings for Connected TV (CTV), Mobile Apps, & Web: Magnite Leads in US & Canada on Roku, Verve No. 1 for Mobile App, Google AdExchange No. 1 on Web - Yahoo Finance
Pixalate Releases Q2 2024 EMEA Supply-Side Platform (SSP) Market Share Rankings for Connected TV (CTV), Mobile Apps, & Web: Magnite Leads CTV in the United Kingdom (21%) on Amazon Fire TV, Verve No. 1 on Mobile, Seedtag No. 1 in Spain (52%) - Yahoo Finance
Magnite Inc put volume heavy and directionally bearish - TipRanks
Kopion Asset Management LLC Reduces Stock Position in Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
Taking a Closer Look At Magnite Inc (MGNI) Following Its Recent Trade - Knox Daily
Magnite Inc (MGNI)’s results reveal risk - US Post News
Market Watch: Magnite Inc (MGNI)’s Noteworthy Gain, Closing at 12.40 - The Dwinnex
Truist Financial Corp Has $908,000 Position in Magnite, Inc. (NASDAQ:MGNI) - Defense World
Get in on Magnite Inc’s (MGNI) buy-in window today! - SETE News
The Manufacturers Life Insurance Company Has $871,000 Stock Holdings in Magnite, Inc. (NASDAQ:MGNI) - Defense World
(MGNI) Trading Advice - Stock Traders Daily
Magnite Inc [MGNI] Records 200-Day SMA of $11.53 - Knox Daily
Ready to Jump After Recent Trade: Magnite Inc (MGNI) - SETE News
Magnite, Inc. (NASDAQ:MGNI) Given Consensus Rating of "Buy" by Brokerages - MarketBeat
3 Small-Cap Stocks to Buy Before they Surge - The Tokenist
Magnite: Draws In The Big Players, 9x FCF (NASDAQ:MGNI) - Seeking Alpha
Magnite Inc Stock (MGNI) Financials Data
Revenue
Net Income
Cash Flow
EPS
Magnite Inc Stock (MGNI) Insider Trading
| Insider Trading | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total |
|---|---|---|---|---|---|---|---|
| Buckley Sean Patrick | CHIEF REVENUE OFFICER |
Aug 19 '24 |
Sale |
12.53 |
2,623 |
32,866 |
331,742 |
| Soroca Adam Lee | CHIEF PRODUCT OFFICER |
Aug 19 '24 |
Sale |
12.59 |
7,910 |
99,587 |
436,001 |
1.34%
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