MGNI Stock Overview
About the company
Magnite, Inc. operates an independent 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 provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
Snowflake Analysis
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
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Magnite, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.26 |
| 52 Week High | US$14.29 |
| 52 Week Low | US$5.59 |
| Beta | 2.15 |
| 1 Month Change | -14.58% |
| 3 Month Change | -12.56% |
| 1 Year Change | -31.36% |
| 3 Year Change | 123.13% |
| 5 Year Change | 387.37% |
| Change since IPO | -53.91% |
Recent News & Updates
Recent updates
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Jan 24
Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 31% Below Their Intrinsic Value Estimate
Nov 11Fox collaborates with Magnite for monetization across OneFOX
Oct 19We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt
Oct 19Magnite, Group Black collaborate to help Black-owned media scale their offering
Sep 21Magnite: Underwhelming Results, Decent Prospects
Aug 10Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?
Jul 12Magnite: Recession Risk Is Priced In
May 24Mulling Over Magnite, Inc.
May 11Is Magnite (NASDAQ:MGNI) A Risky Investment?
Mar 14Magnite: A Strong Buy Under $15
Feb 27Magnite Stock: When Everything Sells Off, Investor Appetite Evaporates
Dec 15Magnite (NASDAQ:MGNI) Is Making Moderate Use Of Debt
Dec 05Magnite: CTV Slows Down Slightly And Investors Throw In The Towel
Nov 08Magnite: Privacy Headwinds Are Temporary
Oct 26Calculating The Fair Value Of Magnite, Inc. (NASDAQ:MGNI)
Oct 13Magnite: Reasons To Invest In This Digital Ad Stock
Oct 07Magnite Stock: Too Cheap To Ignore As Advertising Stocks Fall Out Of Favor
Sep 15Magnite: 6x Next Year's Sales, This Stock Is Now Too Cheap
Aug 20Magnite Stock: Q2 2021 Results, CTV Growing Fast, Strong Guidance
Aug 09Is Magnite (NASDAQ:MGNI) Weighed On By Its Debt Load?
Jul 31Magnite: Reasonably Priced
Jun 28Magnite rises 11% as Truist lifts to Buy after pullback, SpotX deal
Jun 07Shareholder Returns
| MGNI | US Media | US Market | |
|---|---|---|---|
| 7D | 0.8% | 5.1% | 3.7% |
| 1Y | -31.4% | -26.7% | -12.1% |
Return vs Industry: MGNI underperformed the US Media industry which returned -26.7% over the past year.
Return vs Market: MGNI underperformed the US Market which returned -12.1% over the past year.
Price Volatility
| MGNI volatility | |
|---|---|
| MGNI Average Weekly Movement | 9.4% |
| Media Industry Average Movement | 7.3% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: MGNI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MGNI's weekly volatility (9%) has been stable over the past year.
Magnite, Inc. Fundamentals Summary
| MGNI fundamental statistics | |
|---|---|
| Market Cap | US$1.25b |
| Earnings (TTM) | -US$130.32m |
| Revenue (TTM) | US$577.07m |
2.2x
P/S Ratio-9.6x
P/E RatioIs MGNI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGNI income statement (TTM) | |
|---|---|
| Revenue | US$577.07m |
| Cost of Revenue | US$307.17m |
| Gross Profit | US$269.90m |
| Other Expenses | US$400.23m |
| Earnings | -US$130.32m |
Last Reported Earnings
Dec 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.96 |
| Gross Margin | 46.77% |
| Net Profit Margin | -22.58% |
| Debt/Equity Ratio | 91.8% |
How did MGNI perform over the long term?
See historical performance and comparison