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MGNI Stock Chart & Stats
$23.89
$0.59(3.29%)
At close: 4:00 PM EDT
$23.89
$0.59(3.29%)
Day’s Range― - ―
52-Week Range$10.82 - $26.84
Previous CloseN/A
Volume2.05M
Average Volume (3M)2.01M
Market Cap
$3.41B
Enterprise Value$2.88B
Total Cash (Recent Filing)$332.62M
Total Debt (Recent Filing)$416.98M
Price to Earnings (P/E)20.4
Beta1.96
Next Earnings
Nov 04, 2026EPS Estimate
0.29Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.17
Shares Outstanding143,424,160
10 Day Avg. Volume1,737,835
30 Day Avg. Volume2,006,603
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.51
Price to Sales (P/S)3.24
P/FCF Ratio13.97
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue3.88
Enterprise Value/Gross Profit5.99
Enterprise Value/Ebitda16.89
Forecast
1Y Price Target
$30.46Price Target Upside27.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)1.13
Revenue Forecast (FY)$760.48M
Bulls Say, Bears Say
Bulls Say
Improved Profitability And ScaleThe return to solid profitability after losses in 2022–2023, combined with substantial multi-year revenue growth, indicates improved operating scale and business execution. A larger profitable revenue base can support investment in the platform and strengthen Magnite’s ability to compete across digital advertising channels.
Much Lower LeverageThe sharp reduction in leverage materially improves financial resilience and gives Magnite greater flexibility to fund operations, invest in growth, or manage advertising-cycle volatility. Lower debt exposure also reduces financial risk and leaves more operating cash available for strategic priorities over the coming quarters.
Expanded CTV Platform ReachThe HP TV+ relationship expands Magnite’s role in connected-TV monetization and provides access to programmatic demand across banner and video inventory. More streaming supply connected to Magnite’s marketplace can support transaction volume, deepen publisher relationships, and reinforce its position in CTV advertising.
Bears Say
Volatile Revenue GrowthAlthough revenue has grown materially, the uneven growth pattern makes the current earnings trajectory less predictable. If the latest acceleration reflects a step-change or nonlinear recovery rather than steady expansion, Magnite may face greater difficulty sustaining momentum and planning investment over the next several quarters.
Weaker Cash ConversionThe decline in free cash flow despite stronger earnings signals that reported profitability is not converting into cash as consistently as before. Working-capital movements or timing effects may continue to constrain internally generated funds, potentially reducing flexibility for investment, debt reduction, or other capital allocation.
Dependence On Sustained Earnings PowerDespite low leverage and sizeable equity, the relatively large asset base means continued earnings strength remains important for balance-sheet support. A deterioration in operating performance could weaken returns and reduce the cushion available to absorb pressure on asset values or future financial results.
Magnite News
MGNI FAQ
What was Magnite’s price range in the past 12 months?
Magnite lowest stock price was $10.82 and its highest was $26.84 in the past 12 months.
What is Magnite’s market cap?
Magnite’s market cap is $3.41B.
When is Magnite’s upcoming earnings report date?
Magnite’s upcoming earnings report date is Nov 04, 2026 which is in 13 days.
How were Magnite’s earnings last quarter?
Magnite released its earnings results on Aug 05, 2026. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.243 by $0.017.
Is Magnite overvalued?
According to Wall Street analysts Magnite’s price is currently Undervalued.
Does Magnite pay dividends?
Magnite does not currently pay dividends.
What is Magnite’s EPS estimate?
Magnite’s EPS estimate is 0.29.
How many shares outstanding does Magnite have?
Magnite has 143,424,160 shares outstanding.
What happened to Magnite’s price movement after its last earnings report?
Magnite reported an EPS of $0.26 in its last earnings report, beating expectations of $0.243. Following the earnings report the stock price went up 17.658%.
Which hedge fund is a major shareholder of Magnite?
Currently, no hedge funds are holding shares in MGNI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Magnite Stock Smart Score
Neutral
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10
Analyst Consensus
Strong Buy
Average Price Target:
$30.46 (27.51% Upside)
$30.46 (27.51% Upside)
Blogger Sentiment
Bullish
MGNI Sentiment 80%
Sector Average 60%
Sector Average 60%
Hedge Fund Trend
Increased
By 183.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $795.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 2.5%
Last 30 Days ▲ 2.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.53%
12-Months-Change
Fundamentals
Return on Equity
18.62%
Trailing 12-Months
Asset Growth
3.61%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Magnite
Magnite, Inc. manages an independent, global platform dedicated to the digital advertising marketplace. This sophisticated system furnishes publishers—entities controlling digital content such as connected TV channels, mobile applications, and websites—with the necessary applications and utilities to oversee and monetize their ad inventory. Concurrently, it delivers services and tools for advertising buyers, including advertisers, agencies, agency trading desks, and demand-side platforms, enabling them to procure digital ad space. The company employs sales teams operating from various international locations to market its advanced technological solutions to both buying and selling parties. Formed in 2007, the enterprise was formerly known as The Rubicon Project, Inc. before rebranding as Magnite, Inc. in July 2020. Its corporate headquarters are located in New York, New York.
MGNI Company Deck
MGNI Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial progress driven by a robust CTV ramp, double-digit contribution ex-TAC growth, margin expansion, and durability in key customer relationships. Management highlighted durable cost efficiencies (cloud and AI), a disciplined capital allocation plan (debt paydown and buybacks), and raised full-year margin and free-cash-flow targets. Offsetting risks include ongoing DV+ decline, vertical-specific macro weakness (automotive, technology), a large quarter-over-quarter cash reduction from debt repayment and repurchases, uncertainty around timing of Google AdTech remedies, and a planned CFO transition. On balance, the positive growth, profitability, and strategic momentum notably outweigh the moderate risks discussed.View all MGNI earnings summariesMGNI Stock 12 Month Forecast
Average Price Target
$30.46
▲(27.51% Upside)
Technical Analysis
Ownership Overview
2.40% Insiders
27.76% Mutual Funds
0.96% Other Institutional Investors
50.84% Public Companies and Individual Investors