Magnite/MGNI

$8.46

-2.08%
-
1D1W1MYTD1YMAX

About Magnite

Magnite, Inc. is an independent sell-side advertising company. The Company provides technology solutions to automate the purchase and sale of digital advertising inventory. Its platform features applications and services for sellers of digital advertising inventory, or publishers, that own and operate connected television (CTV) channels, applications, websites and other digital media properties, to manage and monetize their inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms, (DSPs), to buy digital advertising inventory; and a transparent, independent marketplace that brings buyers and sellers together and facilitates intelligent decision making and automated transaction execution at scale. The Company's streaming sell-side advertising platform (SSP) and ad server offers CTV sellers a holistic solution for workflow, yield management and monetization, across both programmatic and direct-sold video inventory.

Ticker

MGNI

Sector

Consumer Cyclicals

Trading on

NASDAQ

Industry

Software & Programming

CEO

Michael Barrett

Employees

911

Headquarters

New york, United States

Magnite Metrics

BasicAdvanced
$1.2B
Market cap
-
P/E ratio
-$1.18
EPS
2.29
Beta
-
Dividend rate
$1.2B
2.28778
$15.73
$6.28
1.19M
1.086
75.958
76.471
31.884
-4.3%
-5.89%
-21.32%
-11.08%
1.937
1.694
6.784
7.39%
-20.23%
40.88%

What the Analysts think about Magnite

Analyst Ratings

Majority rating from 10 analysts.
Buy

Price Targets

Average projection from 10 analysts.
79.67% upside
High $18.00
Low $13.00
$8.46
Current price
$15.20
Average price target

Magnite Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
16.53% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$186.9M
24.6%
Net income
$30.9M
-277.59%
Profit margin
16.53%
-242.5%

Magnite Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.33%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.04
$0.09
$0.12
$0.29
-
Expected
-$0.04
$0.03
$0.08
$0.28
$0.01
Surprise
-209.09%
164.71%
50%
3.33%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Magnite stock?

Magnite (MGNI) has a market cap of $1.2B as of April 19, 2024.

What is the P/E ratio for Magnite stock?

The price to earnings (P/E) ratio for Magnite (MGNI) stock is 0 as of April 19, 2024.

Does Magnite stock pay dividends?

No, Magnite (MGNI) stock does not pay dividends to its shareholders as of April 19, 2024.

When is the next Magnite dividend payment date?

Magnite (MGNI) stock does not pay dividends to its shareholders.

What is the beta indicator for Magnite?

Magnite (MGNI) has a beta rating of 2.29. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Magnite stock price target?

The target price for Magnite (MGNI) stock is $15.2, which is 79.67% above the current price of $8.46. This is an average based on projections from 10 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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