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MGNI

12.66USD+0.79(+6.66%)Market Closed

Magnite Inc

Market Summary

USD12.66+0.79Market Closed
6.66%

MGNI Alerts

MGNI Stock Price

RSI Chart

Valuation

Market Cap

973.1M

Price/Earnings

-10.42

Price/Sales

1.77

Price/Cashflow

5.97

MarketCap/EBT

-9.44

Price/Sales

Profitability

Operating Margin

53.59%

EBT Margin

-18.77%

Return on Equity

-11.37%

Return on Assets

-3.56%

Fundamentals

Revenue

Revenue (TTM)

563.0M

Revenue Y/Y

10.57%

Revenue Q/Q

5.83%

Earnings

Earnings (TTM)

-93.5M

Earnings Y/Y

-0.3%

Earnings Q/Q

2.26%

Price Action

52 Week Range

19.14
(Low)(High)

Last 7 days

23.3%

Last 30 days

82.2%

Last 90 days

74.9%

Trailing 12 Months

-26.2%

Financial Health

Current Ratio

1.14

Debt/Equity

0.92

Debt/Cashflow

0.22

Investor Care

Shares Dilution (1Y)

1.19%

Diluted EPS (TTM)

-0.71

Peers (Alternatives to Magnite)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
960.3B
502.2B
2.18% -45.23%
84.81
1.91
9.66% -56.89%
74.3B
16.0B
17.28% -3.98%
48.13
5.07
73.87% 539.01%
44.4B
9.7B
11.02% -16.31%
187.19
5.02
54.25% 243.60%
22.2B
10.0B
18.76% -32.44%
61.36
2.21
-7.38% -97.20%
12.4B
2.4B
60.49% -43.70%
30.18
5.14
12.36% -14.84%
MID-CAP
SMALL-CAP
1.8B
815.9M
14.92% -51.47%
21.49
2.26
8.99% -14.80%
1.8B
1.1B
29.00% -58.76%
21.24
1.71
36.57% -10.30%
973.1M
563.0M
82.16% -26.18%
-10.42
1.77
44.67% -1800.35%
624.9M
275.2M
-6.97% -26.59%
9.65
2.27
13.20% 173.84%
431.8M
2.1B
-0.26% -83.49%
-2.08
0.21
-1.35% -2233.49%
255.5M
1.9B
-49.01% -79.57%
12
0.15
240.28% 230.65%
231.3M
364.5M
19.62% -55.23%
-2.73
0.54
-29.59% -31.65%
229.5M
674.1M
17.81% -59.79%
-12.35
0.31
-37.99% -248.09%

Financials for Magnite

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.5%563549526468389
  S&GA Expenses-1.2%204206198170141
  R&D Expenses4.6%9288837468
Earnings Before Taxes4.1%-98.84-103.05-128.87-94.99-86.58
Net Income-0.1%-93.48-93.41-31.6505
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-3.6%2,5292,6222,5222,7132,533
  Current Assets-5.5%1,0791,1421,0101,178974
    Cash Equivalents8.8%254233205230188
  Net PPE19.0%4538353433
  Goodwill0.0%978978978970973
Liabilities-4.6%1,7191,8011,6851,8321,656
  Current Liabilities-8.3%9191,0028871,029859
  Long Term Debt-0.1%756756757758-
    LT Debt, Current0%4444-
    LT Debt, Non Current0.1%722721721720719
Shareholder's Equity-1.3%811821838881877
  Retained Earnings-5.3%-488.39-464.00-439.04-394.45-394.90
  Additional Paid-In Capital1.2%1,3041,2891,2781,2831,273
Shares Outstanding0.4%133133132132132
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations5.7%17216314912770
  Share Based Compensation9.8%6257504136
Cashflow From Investing25.4%-65.36-87.65-719.05-691.00-686.42
Cashflow From Financing-15.8%-39.13-33.80306678699
  Buy Backs0%18181860
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on MGNI?

100%


Probability that Magnite stock will be more than 20% underwater in next one year

92.7%


Probability that Magnite stock will be more than 30% underwater in next one year.

68.1%


Probability that Magnite stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MGNI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Magnite was unfortunately bought at previous high price.

Returns

Cumulative Returns on MGNI

-2.7%


7-Year Cumulative Returns

48.6%


5-Year Cumulative Returns

17.9%


3-Year Cumulative Returns

What are the long-term rolling returns for MGNI?

FIve years rolling returns for Magnite.

Which funds bought or sold MGNI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
146,000
146,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-393,000
1,011,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
49.09
1,185,000
12,685,000
0.02%
2022-11-18
Industrial Alliance Investment Management Inc.
SOLD OFF
-100
-3,644,000
-
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-17,000
-
-%
2022-11-15
JANE STREET GROUP, LLC
SOLD OFF
-100
-593,000
-
-%
2022-11-15
FRED ALGER MANAGEMENT, LLC
ADDED
0.03
-777,000
2,215,000
0.01%
2022-11-15
STATE STREET CORP
ADDED
0.89
-6,104,000
17,973,000
-%
2022-11-15
Covington Capital Management
UNCHANGED
-
-2,000
7,000
-%
2022-11-15
Adalta Capital Management LLC
SOLD OFF
-100
-141,000
-
-%

1–10 of 35

Latest Funds Activity

Are funds buying MGNI calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own MGNI

Magnite News

The Motley Fool

2 Megatrends to Get Behind in 2023.3 days ago

Marketscreener.com

Seeking Alpha

The Motley Fool

The Motley Fool

MGNI Fair Value

Recent SEC filings of Magnite

View All Filings
Date Filed Form Type Document
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 10, 2022
SC 13D
13D - Major Acquisition
Nov 09, 2022
10-Q
Quarterly Report
Nov 09, 2022
8-K
Current Report

Latest Insider Trading transactions for MGNI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
Soroca Adam Lee
SOLD FOR TAXES
-143,306
11.47
-12,494
Chief Product Officer
2022-11-15
Day David
SOLD FOR TAXES
-201,929
11.47
-17,605
Chief Financial Officer
2022-11-15
Evans Katie Seitz
SOLD FOR TAXES
-42,553.7
11.47
-3,710
Chief Operating Officer
2022-11-15
BARRETT MICHAEL G.
SOLD FOR TAXES
-335,876
11.47
-29,283
CEO
2022-11-15
BARRETT MICHAEL G.
SOLD
-868,486
11.5798
-75,000
CEO
2022-11-15
Gephart Brian
SOLD FOR TAXES
-4,198.02
11.47
-366
Chief Accounting Officer
2022-11-15
Saltz Aaron
SOLD FOR TAXES
-20,267.5
11.47
-1,767
General Counsel
2022-11-15
Buckley Sean Patrick
SOLD FOR TAXES
-18,719
11.47
-1,632
Chief Revenue Officer
2022-08-15
Saltz Aaron
SOLD (Taxes)
-17,316.6
9.8
-1,767
General Counsel
2022-08-15
Soroca Adam Lee
SOLD (Taxes)
-37,142
9.8
-3,790
Chief Product Officer

1–10 of 50

Michael G. Barrett
880
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.

MGNI Income Statement

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenue$ 145,815$ 131,871$ 401,670$ 307,127
Expenses:    
Cost of revenue71,75363,541196,150134,823
Sales and marketing49,84852,260151,675118,122
Technology and development25,13421,05971,21453,436
General and administrative20,23516,53559,40547,673
Merger, acquisition, and restructuring costs02,4247,46837,778
Total expenses166,970155,819485,912391,832
Loss from operations(21,155)(23,948)(84,242)(84,705)
Other (income) expense:    
Interest expense, net7,0167,28021,27312,595
Other income(1,369)(955)(3,991)(3,317)
Foreign exchange gain, net(1,976)(1,246)(5,042)(1,358)
Total other expense, net3,6715,07912,2407,920
Loss before income taxes(24,826)(29,027)(96,482)(92,625)
Benefit for income taxes(435)(4,708)(2,544)(92,237)
Net loss$ (24,391)$ (24,319)$ (93,938)$ (388)
Net loss per share:    
Basic (in dollars per share)$ (0.18)$ (0.18)$ (0.71)$ 0
Diluted (in dollars per share)$ (0.18)$ (0.18)$ (0.71)$ 0
Weighted average shares used to compute net loss per share:    
Basic (in shares)133,144131,501132,611124,325
Diluted (in shares)133,144131,501132,611124,325

MGNI Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 253,552$ 230,401
Accounts receivable, net804,350927,781
Prepaid expenses and other current assets21,36319,934
TOTAL CURRENT ASSETS1,079,2651,178,116
Property and equipment, net45,48934,067
Right-of-use lease asset74,40976,986
Internal use software development costs, net23,05120,093
Intangible assets, net322,547426,615
Goodwill978,217969,873
Other assets, non-current6,1066,862
TOTAL ASSETS2,529,0842,712,612
Current liabilities:  
Accounts payable and accrued expenses890,0711,000,956
Lease liabilities, current19,45219,142
Debt, current3,6003,600
Other current liabilities5,8855,697
TOTAL CURRENT LIABILITIES919,0081,029,395
Debt, non-current, net of debt issuance costs722,077720,023
Deferred tax liability, net11,50613,303
Lease liabilities, non-current64,28866,487
Other liabilities, non-current1,7032,647
TOTAL LIABILITIES1,718,5821,831,855
Commitments and contingencies (Note 12)
STOCKHOLDERS' EQUITY  
Preferred stock, $0.00001 par value, 10,000 shares authorized at September 30, 2022 and December 31, 2021; 0 shares issued and outstanding at September 30, 2022 and December 31, 202100
Common stock, $0.00001 par value; 500,000 shares authorized at September 30, 2022 and December 31, 2021; 133,349 and 132,553 shares issued at September 30, 2022 and December 31, 2021, respectively, and 133,349 and 132,204 shares outstanding at September 30, 2022 and December 31, 2021, respectively22
Additional paid-in capital1,304,1821,282,589
Accumulated other comprehensive loss(5,293)(1,376)
Treasury stock at cost, 0 and 349 shares outstanding at September 30, 2022 and December 31, 2021, respectively0(6,007)
Accumulated deficit(488,389)(394,451)
TOTAL STOCKHOLDERS' EQUITY810,502880,757
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 2,529,084$ 2,712,612