MGNI Stock Overview
Operates an independent omni-channel sell-side advertising platform in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Magnite, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.42 |
| 52 Week High | US$18.38 |
| 52 Week Low | US$8.38 |
| Beta | 2.51 |
| 1 Month Change | -4.14% |
| 3 Month Change | 26.31% |
| 1 Year Change | 66.87% |
| 3 Year Change | -6.60% |
| 5 Year Change | 101.23% |
| Change since IPO | -18.27% |
Recent News & Updates
Magnite: Capitalizing On CTV Tailwinds As The Leading SSP
Dec 23An Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 44% Undervalued
Dec 03
Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking
Nov 12Recent updates
Magnite: Capitalizing On CTV Tailwinds As The Leading SSP
Dec 23An Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 44% Undervalued
Dec 03Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking
Nov 12Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Oct 24Magnite: Draws In The Big Players, 9x FCF
Oct 07Magnite, Inc.'s (NASDAQ:MGNI) Intrinsic Value Is Potentially 77% Above Its Share Price
Aug 27Magnite: Strong Growth But Customer Concentration Is A Concern
Aug 15Magnite: Netflix Relationship Alone Can More Than Double CTV Annual Profit Pool
Jul 31We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt
Jul 15Some Shareholders Feeling Restless Over Magnite, Inc.'s (NASDAQ:MGNI) P/S Ratio
Jun 18Magnite: Netflix Opportunity Highlights Undervaluation
May 20Magnite: Impact From The Disney Deal Is Not As Bad As It Sounds
Apr 04Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Mar 22Magnite: Cash Flows Now Matter
Mar 08Revenues Not Telling The Story For Magnite, Inc. (NASDAQ:MGNI) After Shares Rise 29%
Mar 01Magnite: Don't Overlook The Catalyst Of The Election Year
Jan 25Pinning Down Magnite, Inc.'s (NASDAQ:MGNI) P/S Is Difficult Right Now
Jan 04Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 36% Discount?
Dec 14Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?
Nov 03Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Jul 24Shareholders Should Be Pleased With Magnite, Inc.'s (NASDAQ:MGNI) Price
Apr 18Is Magnite (NASDAQ:MGNI) Using Too Much Debt?
Jan 24Magnite, 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 11Shareholder Returns
| MGNI | US Media | US Market | |
|---|---|---|---|
| 7D | -0.9% | -4.2% | -2.2% |
| 1Y | 66.9% | -2.1% | 23.9% |
Return vs Industry: MGNI exceeded the US Media industry which returned -2.1% over the past year.
Return vs Market: MGNI exceeded the US Market which returned 23.9% over the past year.
Price Volatility
| MGNI volatility | |
|---|---|
| MGNI Average Weekly Movement | 7.7% |
| Media Industry Average Movement | 7.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
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 (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 911 | Michael Barrett | www.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 applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations.
Magnite, Inc. Fundamentals Summary
| MGNI fundamental statistics | |
|---|---|
| Market cap | US$2.31b |
| Earnings (TTM) | US$17.29m |
| Revenue (TTM) | US$661.13m |
133.6x
P/E Ratio3.5x
P/S RatioIs MGNI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGNI income statement (TTM) | |
|---|---|
| Revenue | US$661.13m |
| Cost of Revenue | US$261.08m |
| Gross Profit | US$400.06m |
| Other Expenses | US$382.76m |
| Earnings | US$17.29m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.12 |
| Gross Margin | 60.51% |
| Net Profit Margin | 2.62% |
| Debt/Equity Ratio | 76.3% |
How did MGNI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 21:34 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
Magnite, Inc. is covered by 27 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Kurnos | Benchmark Company |
| Alexandra Ross | Berenberg |
| Murali Sankar | Boenning & Scattergood, Inc. |