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Magnite (MGNI)
NASDAQ:MGNI
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MGNI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.55 - $15.92
Previous Close$12.5
Volume1.64M
Average Volume (3M)1.66M
Market Cap
$1.72B
Enterprise Value$2.02B
Total Cash (Recent Filing)$326.46M
Total Debt (Recent Filing)$622.98M
Price to Earnings (P/E)―
Beta3.39
Next Earnings
Nov 07, 2024EPS Estimate
$0.16Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.05
Shares Outstanding141,146,976
10 Day Avg. Volume1,435,168
30 Day Avg. Volume1,656,997
Standard Deviation0.26
R-Squared0.24
Alpha0.00639
Financial Highlights & Ratios
Price to Book (P/B)2.61
Price to Sales (P/S)2.72
Price to Cash Flow (P/CF)4.90
P/FCF Ratio5.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.11
Enterprise Value/Gross Profit9.62
Enterprise Value/Ebitda44.06
Forecast
1Y Price Target
$17.44Price Target Upside32.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Magnite News
Bulls Say, Bears Say
Bulls Say
Partnerships And IntegrationThe renewed relationship will open up new pockets of inventory for Magnite to help Disney continue to make progress against its goal of ramping up programmatic monetization.
Revenue GrowthNFLX is expected to contribute meaningfully to revenue growth, placing revenue estimates ahead of consensus.
Strategic PositioningMGNI is well-positioned to win premium CTV deals, indicating potential for growth in this area.
Bears Say
EarningsAEBITDA guidance was $2.4M below consensus.
Financial PerformanceThe take rate has decreased significantly due to the shift towards CTV, impacting gross margins negatively.
Market PositionMGNI's share price is under pressure on press reports that Disney's Real-Time Ad Exchange (DRAX), is no longer using MGNI.
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Ownership Overview
3.21% Insiders
22.85% Mutual Funds
3.89% Other Institutional Investors
54.68% 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 $6.55 and its highest was $15.92 in the past 12 months.
What is Magnite’s market cap?
Currently, no data Available
When is Magnite’s upcoming earnings report date?
Magnite’s upcoming earnings report date is Nov 07, 2024 which is 3 days ago.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on Aug 07, 2024. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.154 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 $0.16.
How many shares outstanding does Magnite have?
Magnite has 141,146,970 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.14 in its last earnings report, missing expectations of $0.154. Following the earnings report the stock price went down -1.163%.
Which hedge fund is a major shareholder of Magnite?
Among the largest hedge funds holding Magnite’s share is Edenbrook Capital, LLC. It holds Magnite’s shares valued at 61M.
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Magnite Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$17.44 (32.12% Upside)
$17.44 (32.12% Upside)
Blogger Sentiment
Bullish
MGNI Sentiment 90%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 495.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days <0.1%
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
68.91%
12-Months-Change
Fundamentals
Return on Equity
-0.79%
Trailing 12-Months
Asset Growth
9.78%
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
Q2 2024
0:00 / 0:00
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MGNI Stock 12 Month Forecast
Average Price Target
$17.44
▲(32.12% Upside)
Technical Analysis
Best Analysts Covering MGNI
1 Year
1 Year Success Rate
9/15 ratings generated profit
1 Year Average Return
+19.62%
assigned a buy rating last month
Copying Daniel Kurnos's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +19.62% per trade.
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