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$10.82 - $26.65
Previous CloseN/A
Volume561.18K
Average Volume (3M)1.82M
Market Cap
$2.02B
Enterprise Value$1.92B
Total Cash (Recent Filing)$184.65M
Total Debt (Recent Filing)$82.45M
Price to Earnings (P/E)96.6
Beta1.78
Next Earnings
Aug 12, 2026EPS Estimate
0.25Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.11
Shares Outstanding143,215,000
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 Cap0.95
Enterprise Value/Revenue2.66
Enterprise Value/Gross Profit4.19
Enterprise Value/Ebitda12.80
Forecast
1Y Price Target
$22.83Price Target Upside66.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)1.04
Revenue Forecast (FY)$745.72M
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthMaterial deleveraging and a sizable equity base give Magnite durable financial flexibility. Low debt-to-equity (~0.09) supports continued investment in CTV/product development, opportunistic buybacks or future M&A, and a buffer versus ad-market cyclicality, improving multi-quarter resilience.
Improved Profitability And MarginsA sustained margin inflection—double-digit EBIT and high EBITDA margins—indicates better operating leverage and cost structure. If management maintains cloud/AI efficiencies and disciplined OpEx, higher margins can persist and fund reinvestment and shareholder returns over the coming quarters.
CTV-led Product And Revenue MomentumRapid CTV growth and differentiated ad-serving (SpringServe/Streamr) create a structural revenue driver with higher yield and stronger buyer demand. Durable CTV adoption, plus live sports traction and AI-enabled yield tools, support sustained take-rates and platform stickiness over multiple quarters.
Bears Say
Weakened Cash GenerationA large drop in operating and free cash flow signals weaker cash-conversion and potential working-capital or timing issues. Over multiple quarters this reduces internal funding for capex, M&A, or buybacks and raises sensitivity to any margin or revenue setbacks despite positive FCF remaining.
CTV Concentration RiskWhile CTV growth boosts revenue today, a majority share increases exposure to CTV-specific demand swings, platform changes, or regulatory scrutiny. Concentration can amplify downside in a downturn and makes diversification of inventory mix and monetization important for multi-quarter stability.
Leadership Transition And Reduced LiquidityA planned CFO exit during a period of active capital allocation coincides with a sizable cash drawdown from debt repayment and repurchases. Succession risk plus a smaller liquidity cushion can constrain execution and increase vulnerability to execution errors over the next several quarters.
Magnite News
MGNI FAQ
What was Magnite’s price range in the past 12 months?
Magnite lowest stock price was $10.82 and its highest was $26.65 in the past 12 months.
What is Magnite’s market cap?
Magnite’s market cap is $2.02B.
When is Magnite’s upcoming earnings report date?
Magnite’s upcoming earnings report date is Aug 12, 2026 which is in 91 days.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on May 06, 2026. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.106 by $0.024.
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 0.25.
How many shares outstanding does Magnite have?
Magnite has 143,215,000 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.13 in its last earnings report, beating expectations of $0.106. Following the earnings report the stock price went up 4.556%.
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:
$22.83 (66.55% Upside)
$22.83 (66.55% Upside)
Blogger Sentiment
Bullish
MGNI Sentiment 100%
Sector Average 62%
Sector Average 62%
Hedge Fund Trend
Increased
By 620.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.3%
Last 30 Days ▲ 16.0%
Last 30 Days ▲ 16.0%
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
18.57%
Trailing 12-Months
Asset Growth
10.16%
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial progress driven by a robust CTV ramp, double-digit contribution ex-TAC growth, margin expansion, and durability in key customer relationships. Management highlighted durable cost efficiencies (cloud and AI), a disciplined capital allocation plan (debt paydown and buybacks), and raised full-year margin and free-cash-flow targets. Offsetting risks include ongoing DV+ decline, vertical-specific macro weakness (automotive, technology), a large quarter-over-quarter cash reduction from debt repayment and repurchases, uncertainty around timing of Google AdTech remedies, and a planned CFO transition. On balance, the positive growth, profitability, and strategic momentum notably outweigh the moderate risks discussed.View all MGNI earnings summariesMGNI Stock 12 Month Forecast
Average Price Target
$22.83
▲(66.55% Upside)
Technical Analysis
Ownership Overview
2.72% Insiders
32.02% Mutual Funds
4.16% Other Institutional Investors
44.52% Public Companies and Individual Investors