MGNI - Magnite, Inc. Stock Price, Fair Value and News

11.76USD-0.23 (-1.92%)Market Closed

Market Summary

USD11.76-0.23

Market Closed

-1.92%

MGNI Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

MGNI Stock Price

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MGNI RSI Chart

MGNI Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

-21.05

Price/Sales (Trailing)

2.58

EV/EBITDA

45.86

Price/Free Cashflow

10.51

MGNI Price/Sales (Trailing)

MGNI Profitability

Operating Margin

31.48%

EBT Margin

-13.16%

Return on Equity

-11.25%

Return on Assets

-3.19%

Free Cashflow Yield

9.51%

MGNI Fundamentals

MGNI Revenue

Revenue (TTM)

638.9M

Rev. Growth (Yr)

14.73%

Rev. Growth (Qtr)

-20.12%

MGNI Earnings

Earnings (TTM)

-78.2M

Earnings Growth (Yr)

82.01%

Earnings Growth (Qtr)

-157.44%

Breaking Down MGNI Revenue

Last 7 days

29.9%

Last 30 days

37.1%

Last 90 days

13.0%

Trailing 12 Months

0.4%

How does MGNI drawdown profile look like?

MGNI Financial Health

Current Ratio

1.1

Debt/Equity

0.79

Debt/Cashflow

0.34

MGNI Investor Care

Shares Dilution (1Y)

3.28%

Diluted EPS (TTM)

-0.57

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	638.9M	0	0	0
2023	589.1M	603.9M	608.2M	619.7M
2022	525.8M	549.0M	563.0M	577.1M
2021	246.0M	318.2M	389.1M	468.4M
2020	160.3M	164.8M	188.1M	221.6M
2019	132.2M	141.4M	149.4M	156.4M
2018	134.4M	120.1M	114.7M	124.7M
2017	255.0M	227.4M	196.8M	155.5M
2016	280.5M	298.0M	299.6M	278.2M
2015	139.5M	164.2M	196.3M	248.5M
2014	90.2M	99.5M	111.6M	125.3M
2013	63.8M	70.5M	77.1M	83.8M
2012	0	0	0	57.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Magnite, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	barrett michael g.	sold	-840,750	11.21	-75,000	ceo
Mar 14, 2024	soroca adam lee	sold	-195,213	11.32	-17,245	chief product officer
Feb 15, 2024	barrett michael g.	sold (taxes)	-198,696	9.74	-20,400	ceo
Feb 15, 2024	buckley sean patrick	sold (taxes)	-234,831	9.74	-24,110	chief revenue officer
Feb 15, 2024	day david	sold (taxes)	-295,278	9.74	-30,316	chief financial officer
Feb 15, 2024	gephart brian	sold (taxes)	-55,031	9.74	-5,650	chief accounting officer
Feb 15, 2024	soroca adam lee	sold (taxes)	-213,998	9.74	-21,971	chief product officer
Feb 15, 2024	buonasera david	sold (taxes)	-65,891	9.74	-6,765	chief technology officer
Feb 15, 2024	evans katie seitz	sold (taxes)	-225,043	9.74	-23,105	chief operating officer
Feb 15, 2024	saltz aaron	sold (taxes)	-124,068	9.74	-12,738	chief legal officer

Which funds bought or sold MGNI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-69.87	-1,203,340	638,852	-%
May 16, 2024	Tidal Investments LLC	added	212	538,732	745,921	0.01%
May 16, 2024	JANE STREET GROUP, LLC	unchanged	-	16,535	356,413	-%
May 16, 2024	Ancora Advisors LLC	sold off	-100	-74,720	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-0.62	169,172	1,345,760	-%
May 16, 2024	COMERICA BANK	added	6,214	295,236	299,355	-%
May 16, 2024	AVENIR CORP	unchanged	-	49,350	376,250	0.03%
May 15, 2024	Squarepoint Ops LLC	added	57.56	687,721	1,533,120	-%
May 15, 2024	Schonfeld Strategic Advisors LLC	new	-	1,255,600	1,255,600	0.01%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-92.55	-219,047	20,543	-%

Are Funds Buying or Selling MGNI?

Are funds buying MGNI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MGNI

No. of Funds

Unveiling Magnite, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	granahan investment management, llc	4.88%	6,726,268	SC 13G/A
Feb 13, 2024	vanguard group inc	9.18%	12,651,675	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Jan 26, 2024	blackrock inc.	7.3%	10,030,800	SC 13G/A
Jul 14, 2023	edenbrook capital, llc	4.13%	5,601,473	SC 13D/A
Feb 14, 2023	granahan investment management, llc	7.81%	10,419,013	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.32%	12,436,899	SC 13G/A
Feb 01, 2023	blackrock inc.	6.7%	8,905,372	SC 13G/A
Nov 10, 2022	edenbrook capital, llc	5.17%	6,893,079	SC 13D

Recent SEC filings of Magnite, Inc.

View All Filings

Date Filed	Form Type	Document
May 17, 2024	144	Notice of Insider Sale Intent
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 16, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Magnite, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
OMC	19.0B	14.9B	4.00%	2.05%	12.84	1.28	3.89%	8.20%
IPG	12.0B	10.9B	4.99%	-17.26%	11.08	1.1	-0.15%	19.70%
MID-CAP
ZD	2.6B	1.4B	13.42%	-11.54%	43.98	1.93	-1.94%	89.15%
CMPR	2.2B	3.2B	-2.03%	74.12%	25.72	0.69	7.78%	135.65%
SMALL-CAP
CRTO	2.1B	2.0B	7.08%	12.43%	28.35	1.06	0.16%	407.18%
CDLX	428.8M	312.5M	-27.83%	62.18%	-2.48	1.37	5.95%	64.39%
DLPN	23.9M	48.5M	3.28%	-40.85%	-1.1	0.49	17.58%	-260.67%
CNET	5.5M	29.7M	-25.24%	-47.26%	-0.81	0.24	-13.28%	-56.29%

Magnite, Inc. News

Latest updates

Magnite, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-20.1%	149,319,000	186,932,000	150,085,000	152,543,000	130,150,000	175,399,000	145,815,000	137,780,000	118,075,000	161,286,000	131,871,000	114,541,000	60,715,000	82,003,000	60,982,000	42,348,000	36,295,000	48,486,000	37,642,000	37,870,000	32,416,000
Cost Of Revenue	-	-	-	-	130,175,000	124,828,000	111,015,000	71,753,000	65,001,000	59,396,000	66,839,000	63,541,000	50,526,000	20,756,000	21,168,000	21,031,000	21,545,000	14,003,000	13,321,000	13,869,000	15,085,000	15,116,000
Costs and Expenses	7.5%	163,147,000	151,808,000	167,928,000	224,338,000	230,645,000	203,941,000	166,970,000	161,043,000	157,899,000	157,651,000	155,819,000	161,522,000	74,491,000	74,008,000	71,922,000	82,910,000	47,022,000	47,500,000	44,323,000	46,470,000	45,704,000
S&GA Expenses	16.3%	43,689,000	37,575,000	38,227,000	45,131,000	53,049,000	48,406,000	49,848,000	51,827,000	50,000,000	52,284,000	52,260,000	43,273,000	22,589,000	22,971,000	21,761,000	20,029,000	11,269,000	11,414,000	11,040,000	11,519,000	10,592,000
R&D Expenses	16.0%	26,891,000	23,183,000	23,537,000	23,383,000	24,215,000	22,543,000	25,134,000	23,037,000	23,043,000	21,013,000	21,059,000	18,111,000	14,266,000	14,228,000	13,562,000	13,063,000	10,693,000	10,402,000	10,293,000	9,839,000	9,716,000
EBITDA Margin	-19.3%	0.07	0.08	0.06	0.07	0.08	0.09	0.11	0.11	0.05	0.07	0.03	0.01	-	-	-	-	-	-	-	-	-
Interest Expenses	1.8%	-7,958,000	-8,100,000	-7,574,000	-8,520,000	-8,175,000	-7,987,000	-7,016,000	-7,146,000	-7,111,000	-7,253,000	-7,280,000	-5,172,000	-143,000	-62,000	-30,000	-2,000	144,000	164,000	218,000	214,000	193,000
Income Taxes	-445.8%	-7,800,000	2,255,500	-1,000,000	663,000	-300,000	-2,750,000	-400,000	-104,000	-2,000,000	-2,833,000	-4,708,000	-87,695,000	200,000	160,000	400,000	300,000	-201,000	-943,000	55,000	84,000	-708,000
Earnings Before Taxes	-177.1%	-25,566,000	33,164,000	-18,444,000	-73,226,000	-99,041,000	-39,115,000	-24,826,000	-25,058,000	-46,598,000	-2,363,000	-29,027,000	-50,887,000	-12,711,000	6,046,000	-10,069,000	-38,840,000	-9,876,000	580,000	-6,119,000	-8,197,000	-13,254,000
EBT Margin	48.2%	-0.13	-0.25	-0.38	-0.39	-0.32	-0.23	-0.18	-0.19	-0.25	-0.20	-0.22	-0.21	-	-	-	-	-	-	-	-	-
Net Income	-157.4%	-17,757,000	30,914,000	-17,477,000	-73,889,000	-98,732,000	-36,385,000	-24,391,000	-24,954,000	-44,593,000	453,000	-24,319,000	36,808,000	-12,877,000	5,886,000	-10,515,000	-39,128,000	-9,675,000	1,523,000	-6,174,000	-8,281,000	-12,546,000
Net Income Margin	52.3%	-0.12	-0.26	-0.37	-0.39	-0.31	-0.23	-0.17	-0.17	-0.06	0.00	0.01	0.06	-	-	-	-	-	-	-	-	-
Free Cashflow	-183.4%	-66,284,000	79,460,000	77,654,000	65,786,000	-35,297,000	75,894,000	30,542,000	40,851,000	14,448,000	64,877,000	27,543,000	19,015,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-8.7%	2,454	2,689	2,445	2,408	2,430	2,712	2,529	2,622	2,522	2,713	2,533	2,541	1,215	939	866	757	314	395	335	335	311
Current Assets	-16.4%	1,273	1,523	1,269	1,197	1,137	1,326	1,079	1,142	1,010	1,178	974	1,004	888	607	530	410	237	313	263	270	244
Cash Equivalents	-22.5%	253	326	311	266	237	326	254	233	205	230	188	193	469	118	104	107	71.00	89.00	85.00	86.00	81.00
Net PPE	17.2%	56.00	47.00	46.00	46.00	46.00	45.00	45.00	38.00	35.00	34.00	33.00	34.00	28.00	24.00	19.00	20.00	22.00	24.00	24.00	24.00	28.00
Goodwill	0%	978	978	978	978	978	978	978	978	978	970	973	24.00	158	158	158	158	151	7.00	-	-	-
Liabilities	-11.5%	1,759	1,987	1,793	1,755	1,725	1,921	1,719	1,801	1,685	1,832	1,656	1,654	872	557	510	400	216	283	231	229	203
Current Liabilities	-17.6%	1,155	1,402	1,131	1,054	982	1,125	919	1,002	887	1,029	859	874	449	522	474	362	202	267	215	221	195
Long Term Debt	3.0%	549	533	602	635	674	723	722	721	721	720	719	719	389	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	533	602	635	674	723	722	721	721	720	719	719	389	-	-	-	-	-	-	-	-
Shareholder's Equity	-0.9%	695	702	652	653	705	791	811	821	838	881	877	888	342	382	356	357	98.00	112	104	106	108
Retained Earnings	-2.6%	-701	-683	-714	-697	-623	-524	-488	-464	-439	-394	-394	-370	-407	-394	-400	-389	-350	-341	-342	-336	-328
Additional Paid-In Capital	0.9%	1,400	1,388	1,371	1,353	1,332	1,319	1,304	1,289	1,278	1,283	1,273	1,259	751	777	759	750	450	453	447	442	437
Shares Outstanding	2.5%	140	137	138	137	135	133	133	132	132	126	124	126	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,187	-	-	-	688	-	-	-	3,560	-	-	-	646	-	-	-	321	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-167.8%	-60,411	89,085	82,059	74,116	-30,893	88,705	39,893	42,320	21,632	68,589	30,589	28,637	-1,226	11,973	-2,542	-16,263	-5,233	22,175	4,275	8,985	-3,452
Share Based Compensation	21.4%	20,831	17,155	17,468	18,707	19,287	13,925	17,402	16,202	16,589	12,214	11,824	9,704	6,993	7,193	7,350	9,891	4,057	4,948	4,713	4,795	4,369
Cashflow From Investing	23.2%	-9,252	-12,044	-6,805	-11,067	-7,467	-15,216	-13,193	-5,422	-31,321	-15,427	-35,479	-636,819	-3,272	-10,854	-2,967	51,068	-4,611	-19,283	-5,233	-4,132	5,260
Cashflow From Financing	95.0%	-3,101	-62,161	-30,644	-33,228	-51,809	-1,851	-4,753	-7,180	-16,388	-10,810	582	332,654	355,627	10,634	1,562	2,620	-7,462	636	146	597	-1,584
Buy Backs	-	-	-	-	-	-	-	7,832	-	-	6,007	-	-	-	-	-	-	-	-	-	-	-

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MGNI Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 149,319	$ 130,150
Cost of revenue	65,902	124,828
Expenses:
Sales and marketing	43,689	53,049
Technology and development	26,891	24,215
General and administrative	26,665	21,088
Merger, acquisition, and restructuring costs	0	7,465
Total expenses	163,147	230,645
Loss from operations	(13,828)	(100,495)
Other (income) expense:
Interest expense, net	7,958	8,175
Foreign exchange (gain) loss, net	(2,315)	233
(Gain) loss on extinguishment of debt	7,387	(8,549)
Other income	(1,292)	(1,313)
Total other (income) expense, net	11,738	(1,454)
Loss before income taxes	(25,566)	(99,041)
Benefit for income taxes	(7,809)	(309)
Net loss	$ (17,757)	$ (98,732)
Net loss per share:
Basic (in dollars per share)	$ (0.13)	$ (0.73)
Diluted (in dollars per share)	$ (0.13)	$ (0.73)
Weighted average shares used to compute net loss per share:
Basic (in shares)	139,297	134,667
Diluted (in shares)	139,297	134,667

MGNI Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 252,834	$ 326,219
Accounts receivable, net	999,848	1,176,276
Prepaid expenses and other current assets	20,772	20,508
TOTAL CURRENT ASSETS	1,273,454	1,523,003
Property and equipment, net	55,533	47,371
Right-of-use lease asset	64,001	60,549
Internal use software development costs, net	23,117	21,926
Intangible assets, net	43,422	51,011
Goodwill	978,217	978,217
Other assets, non-current	16,325	6,729
TOTAL ASSETS	2,454,069	2,688,806
Current liabilities:
Accounts payable and accrued expenses	1,123,407	1,372,176
Lease liabilities, current	19,905	20,402
Debt, current	3,650	3,600
Other current liabilities	7,729	5,957
TOTAL CURRENT LIABILITIES	1,154,691	1,402,135
Debt, non-current, net of debt discount and debt issuance costs	549,077	532,986
Lease liabilities, non-current	53,059	49,665
Deferred tax liability, net	288	680
Other liabilities, non-current	1,577	1,657
TOTAL LIABILITIES	1,758,692	1,987,123
Commitments and contingencies (Note 12)
STOCKHOLDERS' EQUITY
Preferred stock, $0.00001 par value, 10,000 shares authorized at March 31, 2024 and December 31, 2023; 0 shares issued and outstanding at March 31, 2024 and December 31, 2023	0	0
Common stock, $0.00001 par value; 500,000 shares authorized at March 31, 2024 and December 31, 2023; 140,024 and 138,577 shares issued and outstanding at March 31, 2024 and December 31, 2023	2	2
Additional paid-in capital	1,400,181	1,387,715
Accumulated other comprehensive loss	(3,091)	(2,076)
Accumulated deficit	(701,715)	(683,958)
TOTAL STOCKHOLDERS' EQUITY	695,377	701,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,454,069	$ 2,688,806

About Magnite, Inc.

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.

CEO	Mr. Michael G. Barrett
WEBSITE	magnite.com
INDUSTRY	Advertising Agencies
EMPLOYEES	947

Magnite, Inc. Frequently Asked Questions

What is the ticker symbol for Magnite, Inc.? What does MGNI stand for in stocks?

MGNI is the stock ticker symbol of Magnite, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Magnite, Inc. (MGNI)?

As of Fri May 17 2024, market cap of Magnite, Inc. is 1.65 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MGNI stock?

You can check MGNI's fair value in chart for subscribers.

What is the fair value of MGNI stock?

You can check MGNI's fair value in chart for subscribers. The fair value of Magnite, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Magnite, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MGNI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Magnite, Inc. a good stock to buy?

The fair value guage provides a quick view whether MGNI is over valued or under valued. Whether Magnite, Inc. is cheap or expensive depends on the assumptions which impact Magnite, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MGNI.

What is Magnite, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MGNI's PE ratio (Price to Earnings) is -21.05 and Price to Sales (PS) ratio is 2.58. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MGNI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Magnite, Inc.'s stock?

In the past 10 years, Magnite, Inc. has provided -0.003 (multiply by 100 for percentage) rate of return.