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Magnite (MGNI)
NASDAQ:MGNI
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MGNI Stock Chart & Stats
Day’s Range― - ―
52-Week Range$8.38 - $18.38
Previous CloseN/A
Volume561.18K
Average Volume (3M)1.55M
Market Cap
$2.13B
Enterprise Value$2.29B
Total Cash (Recent Filing)$189.97M
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)134.4
Beta2.12
Next Earnings
Feb 26, 2025EPS Estimate
0.39Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.11
Shares Outstanding140,690,440
10 Day Avg. Volume1,702,644
30 Day Avg. Volume1,554,766
Standard Deviation0.26
R-Squared0.26
Alpha0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.22
Price to Cash Flow (P/CF)5.80
P/FCF Ratio7.30
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue3.47
Enterprise Value/Gross Profit10.92
Enterprise Value/Ebitda60.92
Forecast
1Y Price Target
$19.78Price Target Upside28.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
Magnite News
Bulls Say, Bears Say
Bulls Say
Market PositionMGNI is considered the best positioned SSP in the AdTech ecosystem due to impressive growth metrics.
Revenue GrowthMagnite's use of AI and machine learning enhances efficiency and can increase sell-side clients' revenue by up to 30%.
Strategic PartnershipsThe NFLX partnership win is driving an uptick in customer interest in international markets and reaffirming that DIS remains a growth partner.
Bears Say
Ad PricingThere is downward pressure on CTV CPMs due to excess supply, affecting the pricing power of ad units.
Business GrowthConcerns about declining take rates are expected to pressure margins, limiting EBITDA growth despite higher revenue.
Partnership RisksRecent comments on The Digiday Podcast from Disney’s Jamie Power, SVP of Addressable Sales, has once again sparked fears of disintermediation of MGNI’s exclusive SSP role within DIS inventory through the company’s DRAX product.
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Ownership Overview
3.37% Insiders
23.89% Mutual Funds
1.37% Other Institutional Investors
55.60% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MGNI FAQ
What was Magnite’s price range in the past 12 months?
Magnite lowest stock price was $8.38 and its highest was $18.38 in the past 12 months.
What is Magnite’s market cap?
Magnite’s market cap is $2.13B.
When is Magnite’s upcoming earnings report date?
Magnite’s upcoming earnings report date is Feb 26, 2025 which is in 38 days.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on Nov 07, 2024. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.162 by $0.008.
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 0.39.
How many shares outstanding does Magnite have?
Magnite has 140,690,440 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.17 in its last earnings report, beating expectations of $0.162. Following the earnings report the stock price went up 0.89%.
Which hedge fund is a major shareholder of Magnite?
Currently, no hedge funds are holding shares in MGNI
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Magnite Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$19.78 (28.11% Upside)
$19.78 (28.11% Upside)
Blogger Sentiment
Bullish
MGNI Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $201.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
77.67%
12-Months-Change
Fundamentals
Return on Equity
2.51%
Trailing 12-Months
Asset Growth
11.98%
Trailing 12-Months
Company Description
Magnite
Magnite, Inc. offers technology solutions that automate the purchase and sale of digital advertising inventory. Publishers use its technology to monetize their content across multiple platforms, including CTV, online video, audio, and display. Moreover, ad agencies and brands leverage Magnite’s platform to access brand-safe, high-quality ad inventory.
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MGNI Company Deck
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MGNI Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in CTV and expanded partnerships with major players like Netflix and Disney, leading to robust financial performance and cash flow. However, challenges in the DV+ segment and a decline in managed service indicate areas needing improvement. Overall, the positive aspects outweigh the negatives.Read More>---
MGNI Stock 12 Month Forecast
Average Price Target
$19.78
▲(28.11% Upside)
Technical Analysis
Best Analysts Covering MGNI
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+35.18%
assigned a buy rating 12 days ago
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +35.18% per trade.
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