MagniteMGNI
MGNI
About: Magnite Inc is one of the supply-side platform providers, or SSP, in online advertising. The firm generate its revenue from the programmatic sale of CTV ad inventory, from mobile online sites and apps, and the remaining from websites accessed via computer.
Employees: 905
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
32% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 38
19% more capital invested
Capital invested by funds: $1.65B [Q3] → $1.96B (+$317M) [Q4]
11% more funds holding in top 10
Funds holding in top 10: 9 [Q3] → 10 (+1) [Q4]
3.3% more ownership
Funds ownership: 84.39% [Q3] → 87.68% (+3.3%) [Q4]
1% more funds holding
Funds holding: 278 [Q3] → 281 (+3) [Q4]
5% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 93
5% less call options, than puts
Call options by funds: $70.8M | Put options by funds: $74.9M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14
18%
upside
Avg. target
$19.75
66%
upside
High target
$25
110%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Rosenblatt Barton Crockett 37% 1-year accuracy 23 / 63 met price target | 51%upside $18 | Buy Initiated | 29 Apr 2025 |
Benchmark Daniel Kurnos 44% 1-year accuracy 36 / 82 met price target | 110%upside $25 | Buy Reiterated | 21 Apr 2025 |
Needham Laura Martin 57% 1-year accuracy 192 / 336 met price target | 18%upside $14 | Buy Reiterated | 21 Apr 2025 |
Susquehanna Shyam Patil 48% 1-year accuracy 22 / 46 met price target | 85%upside $22 | Positive Maintained | 27 Feb 2025 |
Financial journalist opinion
Based on 3 articles about MGNI published over the past 30 days
Positive
Zacks Investment Research
14 hours ago
The Trade Desk vs. Magnite: Which Ad Tech Stock is the Smarter Buy?
MGNI appears to be a better investment option compared to TTD at the moment.
Neutral
GlobeNewsWire
2 weeks ago
Western Union Media Network Taps Magnite to Expand Advertising Capabilities
NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today announced an agreement with Western Union to support growth of the financial services company's new Media Network business. In doing so, Magnite will provide Western Union with technology to buy media as an advertiser and monetize its owned media.
Neutral
GlobeNewsWire
3 weeks ago
Magnite to Announce First Quarter 2025 Financial Results on May 7, 2025
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, will announce its financial results for the first quarter ended March 31, 2025 after the market close on Wednesday, May 7, 2025. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook.
Neutral
GlobeNewsWire
1 month ago
Magnite Successfully Completes Second Term Loan Repricing
Reduces Interest Rate by an Additional 75 Basis Points Over $2.7 M illion in Yearly Interest Payment Savings NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced the second successful repricing of its $363 million senior secured term loan facility (Term Loan) due February 2031. The repricing reduces the interest rate by 75 basis points to Term SOFR + 3.00% from the previous rate of Term SOFR + 3.75% and will result in yearly interest savings of over $2.7 million.
Positive
Seeking Alpha
1 month ago
Magnite Is Back In My Buy Range
Magnite's growth in the connected television market and strategic partnerships have positioned it as a dominant supply side advertiser. Despite a recent dip in their share price, Magnite's earnings showed strong topline growth, though guidance for 2025 was more moderate than expected. Magnite has significantly deleveraged its balance sheet, enhancing financial stability, and maintains a Strong Buy rating from Wall Street analysts.
Negative
Seeking Alpha
1 month ago
Magnite Q4 Results: Lackluster Growth And Outlook Is Not Appealing Right Now
Magnite, Inc.'s Q4 revenue grew 3.8% y/y to $194m, beating estimates by $10m, but non-GAAP EPS missed by 5 cents. CTV segment showed strong growth at 22.6% y/y, while the Mobile and Desktop segments remained flat, impacting overall performance. Despite decent financial health and promising CTV prospects, market volatility and lackluster guidance lead to a hold rating.
Neutral
Seeking Alpha
2 months ago
Magnite, Inc. (MGNI) Q4 2024 Earnings Call Transcript
Magnite, Inc. (NASDAQ:MGNI ) Q4 2024 Earnings Conference Call February 26, 2025 4:30 PM ET Company Participants Nick Kormeluk - Head, Investor Relations Michael Barrett - Chief Executive Officer David Day - Chief Financial Officer Conference Call Participants Jason Kreyer - Craig-Hallum Dan Kurnos - The Benchmark Company Laura Martin - Needham & Company Shweta Khajuria - Wolfe Research Matt Swanson - RBC Capital Markets Aaron Flack - Susquehanna Eric Martinuzzi - Lake Street Zach Cummins - B. Riley FBR Arthur Ong - Bank of America Operator Good day, and welcome to Magnite Fourth Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
2 months ago
Magnite (MGNI) Matches Q4 Earnings Estimates
Magnite (MGNI) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago.
Positive
MarketBeat
2 months ago
3 Stocks Offering Strong Value and Stability
Though not as safe a bet as safe-haven assets like precious metals, value stocks are nonetheless an enticing option for investors when the market gets bumpy. An undervalued company that has excellent fundamentals but a less-than-stellar recent stock performance history is often better positioned to benefit during periods of volatility than growth names with less of a track record of success.
Neutral
GlobeNewsWire
2 months ago
Magnite to Participate in the Susquehanna Financial Group 14th Annual Technology Conference
NEW YORK, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will host in-person investor meetings at the Susquehanna Financial Group 14th Annual Technology Conference in New York City on Thursday, February 27, 2025. About Magnite We're Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company.
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