9.19

4.43% +0.39

After Hours: 9.19

Magnite Inc (MGNI)

Overview News Price History Option Chain Why MGNI Down? Discussions Forecast

Magnite Inc stock is currently priced at $9.19, with a 24-hour trading volume of 1.12M. It has seen a +4.43% increased in the last 24 hours and a -12.23% declined in the past month. The chart indicates a potential bullish trend, as the stock is above the $8.74 pivot point. If it approaches the $9.12 resistance level, significant changes may occur.

Previous Close:

$8.80

Open:

$8.95

24h Volume:

1.12M

Market Cap:

$1.29B

Revenue:

$619.71M

Net Income/Loss:

$-159.18M

P/E Ratio:

-5.343

EPS:

-1.72

Net Cash Flow:

$176.98M

1W Performance:

+8.63%

1M Performance:

-12.23%

6M Performance:

+41.17%

1Y Performance:

+3.03%

1D Range:

$8.86

$9.35

52W Range:

$6.28

$15.73

Magnite Inc Stock (MGNI) Company Profile

Name

Magnite Inc

Sector

Communication Services (265)

Industry

Advertising Agencies (53)

Phone

310 207 0272

Address

12181 Bluff Creek Drive, 4th Floor, Los Angeles

Employee

444

Twitter

Next Earnings Date

2024-05-08

Latest SEC Filings

MGNI's Discussions on Twitter

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

Meta's Q1 Earnings: Most Analysts Support AI Strategy, While One Says 'Use Meta As A Source Of Funds,' Questions Its Long-Term Value

Benzinga

Disney Is Looking to Grow Its Ads Business Through Partnerships With a Trillion-Dollar Company and an Unstoppable Growth Stock

The Motley Fool

Analyst Scoreboard: 10 Ratings For Magnite

Benzinga

Magnite Inc Stock (MGNI) Financials Data

Magnite Inc (MGNI) Revenue 2024

MGNI reported a revenue (TTM) of $619.71 million for the quarter ending December 31, 2023, a +7.39% rise year-over-year.

Magnite Inc (MGNI) Net Income 2024

MGNI net income (TTM) was -$159.18 million for the quarter ending December 31, 2023, a -22.15% decrease year-over-year.

Magnite Inc (MGNI) Cash Flow 2024

MGNI recorded a free cash flow (TTM) of $176.98 million for the quarter ending December 31, 2023, a +19.46% increase year-over-year.

Magnite Inc (MGNI) Earnings per Share 2024

MGNI earnings per share (TTM) was -$1.24 for the quarter ending December 31, 2023, a -26.53% decline year-over-year.

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. Its omnichannel advertising platform enables publishers to monetize various auction types and formats, including CTV, desktop display, video, audio, and mobile, as well as allows agencies and brands to access brand-safe ad inventory and execute advertising transactions. The company is based in Los Angeles, California.