Magnite (MGNI)
NASDAQ:MGNI
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MGNI Stock Chart & Stats
$13.71
-$0.05(-0.30%)
At close: 4:00 PM EST
$13.71
-$0.05(-0.30%)
Day’s Range― - ―
52-Week Range$10.63 - $26.65
Previous CloseN/A
Volume561.18K
Average Volume (3M)1.82M
Market Cap
$1.91B
Enterprise Value$1.75B
Total Cash (Recent Filing)$553.36M
Total Debt (Recent Filing)$278.69M
Price to Earnings (P/E)16.0
Beta1.76
Next Earnings
May 06, 2026EPS Estimate
0.11Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.34
Shares Outstanding144,364,360
10 Day Avg. Volume1,819,263
30 Day Avg. Volume1,818,617
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.51
Price to Sales (P/S)3.24
P/FCF Ratio13.97
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue2.45
Enterprise Value/Gross Profit3.90
Enterprise Value/Ebitda11.20
Forecast
1Y Price Target
$23.90Price Target Upside74.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)1.03
Revenue Forecast (FY)$744.12M
Bulls Say, Bears Say
Bulls Say
Improved Cash GenerationConsistent positive operating cash flow and sizeable free cash flow provide durable internal funding for buybacks, debt paydown, and targeted CTV investments. Strong cash generation reduces reliance on external financing and supports the company's capital return policy and strategic execution over the next few years.
Rapid CTV Growth And Majority MixA structural shift toward CTV, now the largest revenue mix, aligns Magnite with secular streaming ad trends and higher-growth inventory. Strong partnerships with major streaming platforms deepen supply and bidder competition, improving pricing power and durable revenue expansion prospects in a growing ad format.
Material Deleveraging And Stronger Balance SheetSignificant reduction in leverage and improved ROE materially enhance financial flexibility, lowering interest burden and credit risk. The stronger balance sheet permits ongoing capital returns and opportunistic investments while buffering the business against advertising cyclicality and execution setbacks.
Bears Say
DV+ Underperformance And Mix RiskWeakness in DV+ reduces revenue diversification and increases sensitivity to shifts in advertiser budgets toward CTV. Persistent DV+ softness can compress overall take rates and slow contribution growth if advertisers reallocate spend long term, making growth more dependent on sustained CTV gains.
Historic Earnings And Margin VolatilitySharp year-to-year swings in profitability and prior losses signal execution and revenue-mix sensitivity. This history reduces confidence that current margin levels are fully durable, complicates forecasting and capital allocation, and raises the risk that shocks could quickly reverse recent profitability gains.
Uncertain Timing/impact Of Google AdTech RemediesRegulatory remedies present a structural but uncertain opportunity: outcomes could reallocate market share, yet timing and effects are unpredictable. Relying on potential gains from AdTech remedies introduces execution and regulatory risk into strategic planning and makes forecasted upside contingent on external legal developments.
Magnite News
MGNI FAQ
What was Magnite’s price range in the past 12 months?
Magnite lowest stock price was $10.63 and its highest was $26.65 in the past 12 months.
What is Magnite’s market cap?
Magnite’s market cap is $1.91B.
When is Magnite’s upcoming earnings report date?
Magnite’s upcoming earnings report date is May 06, 2026 which is in 15 days.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on Feb 25, 2026. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.354 by -$0.014.
Is Magnite overvalued?
According to Wall Street analysts Magnite’s price is currently Undervalued.
Does Magnite pay dividends?
Magnite does not currently pay dividends.
What is Magnite’s EPS estimate?
Magnite’s EPS estimate is 0.11.
How many shares outstanding does Magnite have?
Magnite has 144,364,360 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.34 in its last earnings report, missing expectations of $0.354. Following the earnings report the stock price went up 12.615%.
Which hedge fund is a major shareholder of Magnite?
Currently, no hedge funds are holding shares in MGNI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Magnite Stock Smart Score
Outperform
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Analyst Consensus
Strong Buy
Average Price Target:
$23.90 (74.33% Upside)
$23.90 (74.33% Upside)
Blogger Sentiment
Bullish
MGNI Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 620.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.4%
Last 30 Days ▲ 4.5%
Last 30 Days ▲ 4.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
23.18%
12-Months-Change
Fundamentals
Return on Equity
17.85%
Trailing 12-Months
Asset Growth
10.85%
Trailing 12-Months
Company Description
Magnite
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 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. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
MGNI Company Deck
MGNI Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong and accelerating CTV momentum (32% ex-political Q4 growth, CTV now majority of business), above-consensus results, robust EBITDA expansion, improving cash and a shareholder-friendly capital allocation plan. Key challenges include DV+ weakness (below guidance and expected Q1 declines), vertical softness (auto, tech, food & beverage), higher near-term OpEx as the company invests in CTV, limited near-term monetization from AI/agentic initiatives, and uncertainty around timing/impact of AdTech remedies. On balance the positives (sustained CTV strength, margin expansion, cash generation, buybacks and clear 2026 targets) outweigh the near-term headwinds and uncertainties.View all MGNI earnings summariesMGNI Stock 12 Month Forecast
Average Price Target
$23.90
▲(74.33% Upside)
Technical Analysis
Ownership Overview
2.70% Insiders
33.18% Mutual Funds
0.83% Other Institutional Investors
47.01% Public Companies and
Individual Investors