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Magnite NasdaqGS:MGNI Stock Report

Last Price

US$16.17

Market Cap

US$2.3b

7D

-0.9%

1Y

69.1%

Updated

23 Dec, 2024

Data

Company Financials +

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
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends0/6

My Notes

Capture your thoughts, links and company narrative

Magnite, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Magnite
Historical stock prices
Current Share PriceUS$16.17
52 Week HighUS$18.38
52 Week LowUS$8.38
Beta2.51
1 Month Change-5.60%
3 Month Change22.78%
1 Year Change69.14%
3 Year Change-10.51%
5 Year Change103.91%
Change since IPO-19.51%

Recent News & Updates

Recent updates

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?

Shareholders Should Be Pleased With Magnite, Inc.'s (NASDAQ:MGNI) Price

Apr 18
Shareholders Should Be Pleased With Magnite, Inc.'s (NASDAQ:MGNI) Price

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

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

Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 31% Below Their Intrinsic Value Estimate

Nov 11
Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 31% Below Their Intrinsic Value Estimate

Fox collaborates with Magnite for monetization across OneFOX

Oct 19

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

Oct 19
We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt

Magnite, Group Black collaborate to help Black-owned media scale their offering

Sep 21

Magnite: Underwhelming Results, Decent Prospects

Aug 10

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

Jul 12
Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?

Magnite: Recession Risk Is Priced In

May 24

Mulling Over Magnite, Inc.

May 11

Shareholder Returns

MGNIUS MediaUS Market
7D-0.9%-4.2%-2.2%
1Y69.1%-2.1%23.9%

Return vs Industry: MGNI exceeded the US Media industry which returned -1.2% over the past year.

Return vs Market: MGNI exceeded the US Market which returned 23.4% over the past year.

Price Volatility

Is MGNI's price volatile compared to industry and market?
MGNI volatility
MGNI Average Weekly Movement7.7%
Media Industry Average Movement7.9%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
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 (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007911Michael 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 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

How do Magnite's earnings and revenue compare to its market cap?
MGNI fundamental statistics
Market capUS$2.30b
Earnings (TTM)US$17.29m
Revenue (TTM)US$661.13m

131.6x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGNI income statement (TTM)
RevenueUS$661.13m
Cost of RevenueUS$261.08m
Gross ProfitUS$400.06m
Other ExpensesUS$382.76m
EarningsUS$17.29m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin60.51%
Net Profit Margin2.62%
Debt/Equity Ratio76.3%

How did MGNI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 06:29
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 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.

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