Magnite Inc (MGNI)

NASDAQ
Currency in USD
15.44
+0.30(+1.98%)
Closed
Pre Market
15.440.00(0.00%)
MGNI Scorecard
Full Analysis
Net income is expected to grow this year
Fair Value
Day's Range
15.3715.64
52 wk Range
8.3818.38
Key Statistics
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Prev. Close
15.44
Open
15.54
Day's Range
15.37-15.64
52 wk Range
8.38-18.38
Volume
1.13M
Average Volume (3m)
1.81M
1-Year Change
72.51%
Book Value / Share
5.14
Fair Value
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Fair Value Upside
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MGNI Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
19.19
Upside
+24.30%
Members' Sentiments
Bearish
Bullish
ProTips
4 analysts have revised their earnings downwards for the upcoming period
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Magnite Inc Company Profile

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company’s platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.

Magnite Inc SWOT Analysis


CTV Dominance
Magnite's strategic position in the rapidly growing Connected TV advertising market, bolstered by partnerships with major streaming platforms like Netflix and Disney
Netflix Game-Change
Explore the potential impact of Magnite's exclusive multi-year partnership with Netflix, expected to generate significant incremental revenue and strengthen market position
Financial Trajectory
Analyst projections show optimism for Magnite's growth, with price targets ranging from $13 to $22 and expectations of increased revenue and EBITDA
Future-Proofing
Delve into Magnite's scalable business model, industry trends supporting programmatic advertising growth, and potential challenges in the evolving digital advertising landscape
Read full SWOT analysis

Magnite Inc Earnings Call Summary for Q3/2024

  • Q3 revenue up 8% YoY to $162M; CTV segment ex-TAC grew 23% YoY
  • Net income of $5.2M, reversing Q3 2023 loss; Adjusted EBITDA up 26% to $51M
  • Two-year Disney partnership extended, now includes live sports and new regions
  • Q4 ex-TAC forecast $182M-$186M; full-year growth raised to 11-12%
  • Net leverage ratio improved to 0.9x; focus on managing shareholder dilution
Last Updated: 09/11/2024, 07:20 am
Read Full Transcript

Compare MGNI to Peers and Sector

Metrics to compare
MGNI
Peers
Sector
Relationship
P/E Ratio
125.6x−4.0x5.4x
PEG Ratio
1.17−0.060.01
Price/Book
3.0x1.2x1.8x
Price / LTM Sales
3.3x0.5x1.4x
Upside (Analyst Target)
29.5%19.7%26.3%
Fair Value Upside
Unlock25.6%14.2%Unlock

Analyst Ratings

12 Buy
1 Hold
0 Sell
Ratings:
13 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 19.19
(+24.30% Upside)

Earnings

Latest Release
Nov 07, 2024
EPS / Forecast
0.17 / 0.16
Revenue / Forecast
162.00M / 148.01M
EPS Revisions
Last 90 days

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FAQ

What Is the Magnite (MGNI) Stock Price Today?

The Magnite stock price today is 15.44

What Stock Exchange Does Magnite Trade On?

Magnite is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Magnite?

The stock symbol for Magnite is "MGNI."

What Is the Magnite Market Cap?

As of today, Magnite market cap is 2.17B.

What is Magnite Earnings Per Share?

The Magnite EPS is 0.124.

What Is the Next Magnite Earnings Date?

Magnite will release its next earnings report on 25 Feb 2025.

From a Technical Analysis Perspective, Is MGNI a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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