MGNI logo

Magnite, Inc.NasdaqGS:MGNI Stock Report

Market Cap US$3.2b
Share Price
US$22.47
My Fair Value
AN
AnalystConsensusTarget
US$28
20.3% undervalued intrinsic discount
1Y81.2%
7D1.3%
Portfolio Value
​
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Magnite, Inc.

NasdaqGS:MGNI Stock Report

Market Cap: US$3.2b

Magnite (MGNI) Stock Overview

Operates an independent omni-channel sell-side advertising platform in the United States and internationally. More details

MGNI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 33.9% below our estimate of its fair value

Earnings are forecast to grow 33.5% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 25.5%

Risk Analysis

Significant insider selling over the past 3 months


MGNI Community Fair Values

Create Narrative

See what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.

MGNI logo
Magnite
AN
AnalystConsensusTarget
AnalystConsensusTarget
Consensus Narrative from 13 Analysts

Long-term CTV Expansion Will Unlock Digital Advertising Opportunities

Key Takeaways Expansion into connected TV and digital channels, alongside major partnerships, supports sustained revenue growth and a more profitable business mix. Emphasis on independent ad technology and innovation positions Magnite to benefit from regulatory shifts, increasing market share and operational efficiency.
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US$27.58
FV
18.5% undervalued intrinsic discount
8.82%
Revenue growth p.a.
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7users have followed this narrative
Updated narrative
MGNI logo
Magnite
AN
AnalystLowTarget
AnalystLowTarget
Consensus Narrative from 13 Analysts

Privacy Crackdowns Will Pressure Ad Tech While Niche Opportunities Emerge

Key Takeaways Rising privacy regulations, walled gardens, and ad-free streaming are shrinking Magnite's core market, creating sustained pressure on growth and profit margins. Integration hurdles, spending inefficiencies, and commoditization threaten Magnite's operational discipline, pricing power, and long-term client retention.
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US$19.00
FV
18.3% overvalued intrinsic discount
8.49%
Revenue growth p.a.
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about 12 hours ago author updated this narrative
MGNI logo
Magnite
AN
AnalystHighTarget
AnalystHighTarget
Consensus Narrative from 13 Analysts

Connected TV And Programmatic Technologies Will Transform Digital Advertising

Key Takeaways Magnite's AI advancements and SMB adoption position it for accelerated revenue growth, broader advertiser reach, and expansion in core margins beyond current expectations. Industry shifts-such as walled gardens opening and changing data privacy-strengthen Magnite's competitive position, creating stickier revenue streams and potential market share gains.
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US$37.77
FV
40.5% undervalued intrinsic discount
7.77%
Revenue growth p.a.
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1 day ago author updated this narrative
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Magnite, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Magnite
Historical stock prices
Current Share PriceUS$22.47
52 Week HighUS$25.27
52 Week LowUS$8.22
Beta3.05
1 Month Change-0.44%
3 Month Change39.31%
1 Year Change81.21%
3 Year Change131.89%
5 Year Change198.01%
Change since IPO11.85%

Recent News & Updates

Magnite Is Producing Lots Of Cash

Jul 30

Magnite (NASDAQ:MGNI) Seems To Use Debt Quite Sensibly

Jul 14
Magnite (NASDAQ:MGNI) Seems To Use Debt Quite Sensibly

Recent updates

Magnite Is Producing Lots Of Cash

Jul 30

Magnite (NASDAQ:MGNI) Seems To Use Debt Quite Sensibly

Jul 14
Magnite (NASDAQ:MGNI) Seems To Use Debt Quite Sensibly

Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 39% Discount?

Jun 18
Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 39% Discount?

Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 30% But Growth Is Lacking

May 28
Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 30% But Growth Is Lacking

The Price Is Right For Magnite, Inc. (NASDAQ:MGNI) Even After Diving 34%

Apr 04
The Price Is Right For Magnite, Inc. (NASDAQ:MGNI) Even After Diving 34%

Magnite: 2025 Will Be Determined By The Timing Of Partnerships

Mar 19

Magnite Q4 Results: Lackluster Growth And Outlook Is Not Appealing Right Now

Mar 04

There's Reason For Concern Over Magnite, Inc.'s (NASDAQ:MGNI) Massive 32% Price Jump

Feb 15
There's Reason For Concern Over Magnite, Inc.'s (NASDAQ:MGNI) Massive 32% Price Jump

Is Magnite (NASDAQ:MGNI) A Risky Investment?

Jan 31
Is Magnite (NASDAQ:MGNI) A Risky Investment?
author-image

Adoption Of Programmatic Solutions By Netflix And Disney Will Improve Future Prospects

Growth from CTV and expanded partnerships with major media companies will significantly boost Magnite's future revenues and market presence.

Magnite: Capitalizing On CTV Tailwinds As The Leading SSP

Dec 23

An Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 44% Undervalued

Dec 03
An Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 44% Undervalued

Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking

Nov 12
Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking

Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Oct 24
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Magnite: Draws In The Big Players, 9x FCF

Oct 07

Magnite, Inc.'s (NASDAQ:MGNI) Intrinsic Value Is Potentially 77% Above Its Share Price

Aug 27
Magnite, Inc.'s (NASDAQ:MGNI) Intrinsic Value Is Potentially 77% Above Its Share Price

Magnite: Strong Growth But Customer Concentration Is A Concern

Aug 15

Magnite: Netflix Relationship Alone Can More Than Double CTV Annual Profit Pool

Jul 31

We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt

Jul 15
We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt

Some Shareholders Feeling Restless Over Magnite, Inc.'s (NASDAQ:MGNI) P/S Ratio

Jun 18
Some Shareholders Feeling Restless Over Magnite, Inc.'s (NASDAQ:MGNI) P/S Ratio

Magnite: Netflix Opportunity Highlights Undervaluation

May 20

Magnite: Impact From The Disney Deal Is Not As Bad As It Sounds

Apr 04

Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Mar 22
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Magnite: Cash Flows Now Matter

Mar 08

Revenues Not Telling The Story For Magnite, Inc. (NASDAQ:MGNI) After Shares Rise 29%

Mar 01
Revenues Not Telling The Story For Magnite, Inc. (NASDAQ:MGNI) After Shares Rise 29%

Magnite: Don't Overlook The Catalyst Of The Election Year

Jan 25

Pinning Down Magnite, Inc.'s (NASDAQ:MGNI) P/S Is Difficult Right Now

Jan 04
Pinning Down Magnite, Inc.'s (NASDAQ:MGNI) P/S Is Difficult Right Now

Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 36% Discount?

Dec 14
Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 36% Discount?

Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?

Nov 03
Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?

Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Jul 24
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Shareholder Returns

MGNIUS MediaUS Market
7D1.3%-6.2%2.4%
1Y81.2%-18.8%20.2%

Return vs Industry: MGNI exceeded the US Media industry which returned -18.8% over the past year.

Return vs Market: MGNI exceeded the US Market which returned 20.2% over the past year.

Price Volatility

Is MGNI's price volatile compared to industry and market?
MGNI volatility
MGNI Average Weekly Movement7.3%
Media Industry Average Movement9.2%
Market Average Movement6.5%
10% most volatile stocks in US Market17.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: MGNI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: MGNI's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007905Michael Barrettwww.magnite.com

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 for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations.

Magnite, Inc. Fundamentals Summary

How do Magnite's earnings and revenue compare to its market cap?
MGNI fundamental statistics
Market capUS$3.20b
Earnings (TTM)US$43.13m
Revenue (TTM)US$685.07m
74.2x
P/E Ratio
4.7x
P/S Ratio

Is MGNI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGNI income statement (TTM)
RevenueUS$685.07m
Cost of RevenueUS$258.08m
Gross ProfitUS$426.99m
Other ExpensesUS$383.87m
EarningsUS$43.13m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin62.33%
Net Profit Margin6.30%
Debt/Equity Ratio72.4%

How did MGNI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/10 09:05
End of Day Share Price 2025/08/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Magnite, Inc. is covered by 27 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel KurnosBenchmark Company
Alexandra RossBerenberg
Murali SankarBoenning & Scattergood, Inc.