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12.93
1.45%
-0.19
After Hours:
12.93
Magnite Inc stock is traded at $12.93, with a volume of 982.60K.
It is down -1.45% in the last 24 hours and up +4.27% 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:
$13.12
Open:
$13.05
24h Volume:
982.60K
Relative Volume:
0.59
Market Cap:
$1.86B
Revenue:
$619.71M
Net Income/Loss:
$-159.18M
P/E Ratio:
-7.5174
EPS:
-1.72
Net Cash Flow:
$176.98M
1W Performance:
-6.24%
1M Performance:
+4.27%
6M Performance:
+11.47%
1Y Performance:
+60.82%
1-Day Range:
$12.88
$13.35
1-Week Range:
$12.88
$14.00
52-Week 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
(MGNI) Investment Report - Stock Traders Daily
Jackson Creek Investment Advisors LLC Takes $1.61 Million Position in Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
Gaming Analytics Platform Blitz Chooses Magnite as Preferred SSP to Streamline Programmatic Strategy - StockTitan
Bank of New York Mellon Corp Sells 102,792 Shares of Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
353,480 Shares in Magnite, Inc. (NASDAQ:MGNI) Purchased by iA Global Asset Management Inc. - MarketBeat
Magnite to Participate in Upcoming Financial Conferences - StockTitan
Calamos Advisors LLC Buys Shares of 154,132 Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
Adam Lee Soroca Sells 7,910 Shares of Magnite, Inc. (NASDAQ:MGNI) Stock - Defense World
Sean Patrick Buckley Sells 2,623 Shares of Magnite, Inc. (NASDAQ:MGNI) Stock - Defense World
Magnite Inc. chief revenue officer sells over $68k in stock - Investing.com Australia
Magnite chief product officer sells shares worth nearly $100k By Investing.com - Investing.com Australia
Assenagon Asset Management S.A. Has $1.89 Million Holdings in Magnite, Inc. (NASDAQ:MGNI) - Defense World
Assenagon Asset Management S.A. Has $1.89 Million Holdings in Magnite, Inc. (NASDAQ:MGNI) - MarketBeat
Magnite chief product officer sells shares worth nearly $100k - Investing.com India
Magnite Inc. chief revenue officer sells over $68k in stock - Investing.com India
Magnite Inc. chief revenue officer sells over $68k in stock - Investing.com Canada
Magnite Inc. chief revenue officer sells over $68k in stock - Investing.com
Magnite, Inc. (NASDAQ:MGNI) CRO Sells $32,866.19 in Stock - MarketBeat
Magnite chief product officer sells shares worth nearly $100k - Investing.com
Magnite Inc. chief revenue officer sells over $68k in stock - Investing.com UK
Magnite chief product officer sells shares worth nearly $100k By Investing.com - Investing.com UK
Craig Hallum Reiterates Buy Rating for Magnite (NASDAQ:MGNI) - MarketBeat
Magnite’s (MGNI) “Buy” Rating Reiterated at Craig Hallum - Defense World
Magnite’s (MGNI) Buy Rating Reaffirmed at Benchmark - Defense World
Magnite Target of Unusually High Options Trading (NASDAQ:MGNI) - Defense World
Magnite (NASDAQ:MGNI) Trading 2.8% Higher - MarketBeat
Benchmark Reiterates "Buy" Rating for Magnite (NASDAQ:MGNI) - MarketBeat
Magnite, Inc. (NASDAQ:MGNI) Shares Sold by SG Americas Securities LLC - Defense World
Stock Traders Buy High Volume of Magnite Call Options (NASDAQ:MGNI) - MarketBeat
MGNI (Magnite) Gross Profit : $365.8 Mil (TTM As of Jun. 2024) - GuruFocus.com
Investing in Magnite (NASDAQ:MGNI) a year ago would have delivered you a 55% gain - Yahoo Finance
Magnite, Inc. (NASDAQ:MGNI) Given Consensus Recommendation of "Buy" by Brokerages - MarketBeat
Magnite, Inc. (NASDAQ:MGNI) Receives Consensus Rating of “Buy” from Analysts - Defense World
David Buonasera Sells 10,000 Shares of Magnite, Inc. (NASDAQ:MGNI) Stock - Defense World
Michael G. Barrett Sells 75,000 Shares of Magnite, Inc. (NASDAQ:MGNI) Stock - Defense World
MGNI (Magnite) GF Value : $12.23 (As of Aug. 19, 2024) - GuruFocus.com
MGNI (Magnite) PE Ratio without NRI : 1,393.33 (As of Aug. 17, 2024) - GuruFocus.com
Magnite CEO sells shares worth $947k - Investing.com India
Magnite CTO sells shares worth over $126,000 - Investing.com India
Magnite CEO sells shares worth $947k By Investing.com - Investing.com Australia
Magnite enters exclusive partnership with TargetSmart - TipRanks
Magnite, Inc. (NASDAQ:MGNI) CTO David Buonasera Sells 10,000 Shares - MarketBeat
Magnite CTO sells shares worth over $126,000 - Investing.com
Magnite CTO sells shares worth over $126,000 By Investing.com - Investing.com UK
Comerica Bank Acquires 27,406 Shares of Magnite, Inc. (NASDAQ:MGNI) - Defense World
Magnite CEO sells shares worth $947k By Investing.com - Investing.com UK
TargetSmart Announces Exclusive Partnership with Magnite to Enable Turn Key Data-Driven Political Advertising Across CTV Inventory - StockTitan
TargetSmart Announces Exclusive Partnership with Magnite to Enable Turn Key Data-Driven Political Advertising Across CTV Inventory - Yahoo Finance
50,594 Shares in Magnite, Inc. (NASDAQ:MGNI) Bought by Baader Bank Aktiengesellschaft - MarketBeat
Magnite: Strong Growth But Customer Concentration Is A Concern (NASDAQ:MGNI) - Seeking Alpha
TargetSmart enters exclusive partnership with Magnite - TipRanks
Magnite Inc Stock (MGNI) Financials Data
Revenue
Net Income
Cash Flow
EPS
0.81%
2.33%
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