Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Magnite has a market capitalization of $4.64 billion and generates $156.41 million in revenue each year. All rights reserved. On Thursday, a Craig-Hullum analyst raised his price target for the stock to $72 per share, according to financial news website The Fly. Magnite had a negative return on equity of 9.19% and a negative net margin of 30.72%. Parkside Financial Bank & Trust acquired a new position in Magnite in the fourth quarter valued at $31,000. View institutional ownership trends for Magnite. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Vote “Outperform” if you believe MGNI will outperform the S&P 500 over the long term. The company’s 50 day moving average price is $50.91 and its 200 day moving average price is $26.15. The company provided EPS guidance of for the period. MarketBeat's community ratings are surveys of what our community members think about Magnite and other stocks. David Day also recently made the following trade(s): Shares of Magnite stock traded up $0.20 on Friday, hitting $40.91. Export data to Excel for your own analysis. After tripling in the last year, the fall from ~$49 is no more than a mild correction. This story was reviewed by MarketBeat's editorial team prior to publication. 10 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for G-III Apparel Group in the last year. I think we are heading for 150 in June and at least 200 end of the year. Magnite, Inc. (NASDAQ:MGNI) CFO David Day sold 10,454 shares of the firm's stock in a transaction on Thursday, March 25th. Tiny Gold Firm Stuns Wall Street with High-Grade Gold Discovery. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Identify stocks that meet your criteria using seven unique stock screeners. Want to see which stocks are moving? Our Accessibility Statement | Terms of Service | Do Not Sell My Information. Vote “Underperform” if you believe MGNI will underperform the S&P 500 over the long term. However, … Magnite does not have a long track record of dividend growth. There are currently 3 hold ratings and 4 buy ratings for the stock. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. View the "7 Penny Stocks That Don’t Care About Robinhood", 3 Under-the-Radar Growth Stocks to Buy Now, 3 Cannabis Penny Stocks For Biopharm Investors, Viacom Stock is a Bargain Pullback Opportunity Here, Greenland election shows divide over rare-earth metals mine, Receive Analysts' Upgrades and Downgrades Daily. Our Accessibility Statement | Terms of Service | Do Not Sell My Information. 1 Wall Street analysts have issued ratings and price targets for Ariana Resources in the last 12 months. View our full suite of financial calendars and market data tables, all for free. 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Please log in to your account or sign up in order to add this asset to your watchlist. Some companies that are related to Magnite include Wix.com (WIX), GDS (GDS), LINE (LN), FactSet Research Systems (FDS), Weibo (WB), TripAdvisor (TRIP), OneConnect Financial Technology (OCFT), Dada Nexus (DADA), Chindata Group (CD), Rackspace Technology (RXT), Sabre (SABR), Medallia (MDLA), Switch (SWCH), 21Vianet Group (VNET) and HUYA (HUYA). After-Hours earnings guidance on Wednesday, February, 24th. View analysts' price targets for Magnite or view top-rated stocks among Wall Street analysts. MarketBeat just released five new trading ideas, but Magnite wasn't one of them. Director Rachel Lam sold 5,000 shares of MGNI stock on 04/05/2021 at the average price of $43.5. in a research note on Wednesday, March 17th. ... Roku stock rallies after KeyBanc turns bullish, sets $518 price target. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. This suggests a possible upside of 0.3% from the stock's current price. View our earnings forecast for Magnite. Magnite, Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. Learn everything you need to know about successful options trading with this three-part video course. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. MGNI stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., and Kopion Asset Management LLC. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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It features applications and services for digital advertising sellers including websites, mobile applications, and other digital media properties. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Magnite trades on the NASDAQ under the ticker symbol "MGNI.". View insider buying and selling activity for Magnite or view top insider-selling stocks. View Magnite's earnings history. Identify stocks that meet your criteria using seven unique stock screeners. Magnite has received a consensus rating of Buy. Get short term trading ideas from the MarketBeat Idea Engine. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. View which stocks are hot on social media with MarketBeat's trending stocks report. The price of the stock has decreased by 9.06% since. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. Learn more. Magnite employs 444 workers across the globe. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Magnite in the fourth quarter valued at about $31,000. Magnite is headquartered at 12181 BLUFF CREEK DRIVE 4TH FLOOR, LOS ANGELES CA, 90094. Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter: Each market day you'll get a one-minute market summary to help you invest wisely. View which stocks are hot on social media with MarketBeat's trending stocks report. Previous Next Price Target Get short term trading ideas from the MarketBeat Idea Engine. Zacks Investment Research lowered shares of Magnite from a "buy" rating to a "hold" rating and set a $51.00 price target on the stock. AdvisorNet Financial Inc acquired a new position in Magnite in the fourth quarter valued at $31,000. The consensus among Wall Street research analysts is that investors should “hold” G-III Apparel Group stock. Amalgamated Bank now owns 13,483 shares of the company's stock valued at $414,000 after acquiring an additional 225 shares during the period. The stock should already be trading far above 100. Fundamental company data provided by Zacks Investment Research. (Add your “outperform” vote. On Tuesday, February 16th, David Day sold 7,372 shares of Magnite stock. Learn about financial terms, types of investments, trading strategies and more. Want to see which stocks are moving? According to analysts' consensus price target of $40.29, Magnite has a forecasted upside of 0.3% from its current price of $40.18. The stock has an average rating of "Buy" and a consensus target price of $41.29. The company earns $-25,480,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of -67.06 and a beta of 2.45. (Add your “underperform” vote.). Company insiders that own Magnite stock include Aaron Saltz, Adam Lee Soroca, David Day, Katie Seitz Evans, Michael G Barrett, Rachel Lam and Thomas Kershaw. (adsbygoogle = window.adsbygoogle || []).push({}); A number of analysts have weighed in on the company. Learn more. Surrounded by the operations of NYSE-listed gold giants, see how this tiny exploration firm planted its flag in the sweet spot of an emerging gold area-play in Canada’s richest mineral belt. Shares of MGNI can be purchased through any online brokerage account. Magnite does not currently pay a dividend. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 74.34% of the stock of Magnite is held by institutions. The company can be reached via phone at (310) 207-0272 or via email at [email protected]. The company issued revenue guidance of $58-62 million, compared to the consensus revenue estimate of $55.96 million. ), Magnite has received 12 “underperform” votes. The company was founded by Frank Addante, Duc Chau, Craig Roah, Julie Mattern and Brian D. Baumgart on April 20, 2007 and is headquartered in Los Angeles, CA. MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Magnite has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. One share of MGNI stock can currently be purchased for approximately $40.18. Trading below US$0.25 per share and hitting high-grade gold with each turn of the drill, what’s not to like? Institutional investors and hedge funds own 74.34% of the company's stock. Choice Equities Capital Management, in their Q4 2020 Investor Letter, said that Magnite, Inc. (NASDAQ: MGNI) is no longer undiscovered.Magnite, Inc. is an … Learn about financial terms, types of investments, trading strategies and more. Besides, price-to-sales of over 18 is not surprising in the world of growth stocks, especially for a young small market capitalization company. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Sign-up to receive the latest news and ratings for MGNI and its competitors with MarketBeat's FREE daily newsletter. Based on aggregate information from My MarketBeat watchlists, some companies that other Magnite investors own include The Trade Desk (TTD), Datadog (DDOG), DocuSign (DOCU), Tesla (TSLA), CrowdStrike (CRWD), The Walt Disney (DIS), Fastly (FSLY), Fiverr International (FVRR), QUALCOMM (QCOM) and Roku (ROKU). MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. Magnite's stock is owned by a number of retail and institutional investors. Susquehanna Bancshares started coverage on Magnite in a research note on Friday, December 18th. You may vote once every thirty days. Company insiders that have sold Magnite company stock in the last year include Aaron Saltz, Adam Lee Soroca, David Day, Katie Seitz Evans, Michael G Barrett, Rachel Lam, and Thomas Kershaw. Magnite's management team includes the following people: The cryptocurrency market just flew past $1 trillion in value – and it’s kickstarted a massive investing opportunity. Mar-02-21 01:43PM : ... Magnite (MGNI) Extends Rally After Price Target Boost. The price of the stock has decreased by 15.39% … The P/E ratio of Magnite is -65.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Magnite, Inc. (NASDAQ:MGNI) CFO David Day sold 10,454 shares of the business's stock in a transaction that occurred on Thursday, March 25th. TheStreet raised Magnite from a "d" rating to a "c-" rating in a research report on Friday, December 11th. Their average twelve-month price target is GBX 4.37 The high price target for AAU is GBX 4.37 and the low price target for AAU is GBX 4.37. Magnite issued an update on its first quarter 2021 On average, they expect Magnite's share price to reach $40.29 in the next year. The stock was sold at an average price of … View all of MGNI's competitors. Top institutional shareholders include Scout Investments Inc. (0.35%) and Kopion Asset Management LLC (0.11%). Please send any questions or comments about this story to [email protected]. MGNI stock may find support somewhere in the $41 range next. Magnite is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021. Magnite's 2020 and early 2021 were great for investors, as the stock rose to over $60 per share from a low of $4.09 in March. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Needham & Company LLC upped their price target on Magnite from $30.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, February 9th. Investopedia. Magnite (NASDAQ:MGNI) last released its quarterly earnings results on Wednesday, February 24th. Magnite Inc (NASDAQ: MGNI) is acquiring global video ad serving platform SpotX from RTL Group for a $1.17 billion purchase price to become a powerful CTV and video advertising platform. I predict stock price to rise steadily over the next two months. Learn everything you need to know about successful options trading with this three-part video course. The stock was sold at an average price of $46.99, for a total transaction of $945,673.75. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Magnite has a P/B Ratio of 19.04. Only 5.70% of the stock of Magnite is held by insiders. Their forecasts range from $13.00 to $72.00. See what's happening in the market right now with MarketBeat's real-time news feed. Compare Top Brokerages Here. As a group, research analysts predict that Magnite, Inc. will post -0.21 EPS for the current fiscal year. CFO David Day sold 20,125 shares of MGNI stock on 03/10/2021 at the average price of $46.99. What are the benefits of a portfolio tracker? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Magnite, Inc operates an independent sell-side advertising platform in the United States and internationally. Magnite had a negative net margin of 30.72% and a negative trailing twelve-month return on equity of 9.19%. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. According to analysts' consensus price target of $40.29, Magnite has a forecasted upside of 1.6% from its current price of $39.66. According to 11 analysts, the average rating for Unity Software stock is "Buy." This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. High institutional ownership can be a signal of strong market trust in this company. 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. Get daily stock ideas top-performing Wall Street analysts. Several institutional investors and hedge funds have recently made changes to their positions in the company. MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. 11:10AM : FUBO Stock Is a Great Bet on the Future Today. If you haven’t started investing in crypto – now is the time. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. The stock was sold at an average price of $60.69, for a total transaction of $447,406.68. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. The 12-month stock price forecast is 139.58, which is an increase of 43.51% from the latest price. Steward Partners Investment Advisory LLC purchased a new position in Magnite during the 4th quarter worth $25,000. In the past three months, Magnite insiders have sold more of their company's stock than they have bought. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.” © American Consumer News, LLC dba MarketBeat® 2010-2021. Amount of Analyst Coverage. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 7 equities research analysts have issued 1-year target prices for Magnite's stock. The stock was sold at an average price of $39.74, for a total transaction of $415,441.96. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings. © American Consumer News, LLC dba MarketBeat® 2010-2021. The company's 50 day moving average price is $50.91 and its 200 day moving average price is $26.15. You can opt out at any time. Magnite has received 31 “outperform” votes. Looking for new stock ideas? Looking for new stock ideas? Learn more. To see all exchange delays and terms of use please see disclaimer. Further Reading: What are the benefits of a portfolio tracker? MarketWatch. All rights reserved. Stock screener for investors and traders, financial visualizations. See what's happening in the market right now with MarketBeat's real-time news feed. View our full suite of financial calendars and market data tables, all for free. Magnite (NASDAQ:MGNI) last released its quarterly earnings results on Wednesday, February 24th.