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14.39
1.98%
0.28
After Hours:
14.39
Magnite Inc stock is traded at $14.39, with a volume of 1.25M.
It is up +1.98% in the last 24 hours and up +10.52% over the past month.
Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.
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Previous Close:
$14.11
Open:
$14.48
24h Volume:
1.25M
Market Cap:
$2.01B
Revenue:
$619.71M
Net Income/Loss:
$-159.18M
P/E Ratio:
-8.3663
EPS:
-1.72
Net Cash Flow:
$176.98M
1W Performance:
-3.68%
1M Performance:
+10.52%
6M Performance:
+56.58%
1Y Performance:
-1.57%
1D Range:
$14.27
$14.52
52W Range:
$6.28
$15.92
Magnite Inc Stock (MGNI) Company Profile
Name
Magnite Inc
Sector
Industry
Phone
212-243-2769
Address
1250 BROADWAY, NEW YORK
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 |
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Magnite Inc Stock (MGNI) Latest News
REV Media Group taps Magnite’s technology suite to bolster programmatic strategy - MARKETECH APAC
MARKETECH APAC
Magnite (NASDAQ:MGNI) Coverage Initiated at Lake Street Capital - MarketBeat
MarketBeat
Magnite (NASDAQ:MGNI) Research Coverage Started at Lake Street Capital - MarketBeat
MarketBeat
Gracenote teams with major connected TV (CTV) players to optimize contextual ad targeting - Marketscreener.com
Marketscreener.com
Gracenote teams with major connected TV (CTV) players to optimize contextual ad targeting - StockTitan
StockTitan
Magnite, Inc. (NASDAQ:MGNI) Receives Consensus Rating of “Buy” from Brokerages - Defense World
Defense World
Magnite Inc Stock (MGNI) Financials Data
Revenue
Net Income
Cash Flow
EPS
0.62%
0.04%
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