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MGNI

Magnite, Inc.

MGNI

8.46USD+0.28 (+3.42%)Market Closed
Watchlist

Market Summary

USD8.46+0.28
Market Closed
3.42%

MGNI Alerts

  • 1 major insider sales recently.
  • Losses in recent quarter

MGNI Stock Price

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MGNI RSI Chart

MGNI Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

-5.15

Price/Sales (Trailing)

1.92

EV/EBITDA

21.45

Price/Free Cashflow

6.34

MGNI Price/Sales (Trailing)

MGNI Profitability

Operating Margin

28.02%

EBT Margin

-37.79%

Return on Equity

-34.73%

Return on Assets

-9.26%

Free Cashflow Yield

15.78%

MGNI Fundamentals

MGNI Revenue

Revenue (TTM)

608.2M

Revenue Y/Y

2.93%

Revenue Q/Q

-1.61%

MGNI Earnings

Earnings (TTM)

-226.5M

Earnings Y/Y

28.35%

Earnings Q/Q

76.35%

Price Action

Last 7 days

0.8%

Last 30 days

15.1%

Last 90 days

5.2%

Trailing 12 Months

-27.6%

How does MGNI drawdown profile look like?

MGNI Financial Health

Current Ratio

1.12

MGNI Investor Care

Shares Dilution (1Y)

3.35%

Diluted EPS (TTM)

-1.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023589.1M603.9M608.2M0
2022525.8M549.0M563.0M577.1M
2021246.0M318.2M389.1M468.4M
2020160.3M164.8M188.1M221.6M
2019132.2M141.4M149.4M156.4M
2018134.4M120.1M114.7M124.7M
2017255.0M227.4M196.8M155.5M
2016280.5M298.0M299.6M278.2M
2015139.5M164.2M196.3M248.5M
201490.2M99.5M111.6M125.3M
201363.8M70.5M77.1M83.8M
201200057.1M

Latest Insider Trading transactions for MGNI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Nov 15, 2023
barrett michael g.
sold (taxes)
-89,646
7.89
-11,362
ceo
Nov 15, 2023
day david
sold (taxes)
-69,171
7.89
-8,767
chief financial officer
Nov 15, 2023
evans katie seitz
sold (taxes)
-53,652
7.89
-6,800
chief operating officer
Nov 15, 2023
buckley sean patrick
sold (taxes)
-40,065
7.89
-5,078
chief revenue officer
Nov 15, 2023
buonasera david
sold (taxes)
-13,136
7.89
-1,665
chief technology officer
Nov 15, 2023
soroca adam lee
sold (taxes)
-51,876
7.89
-6,575
chief product officer
Nov 15, 2023
saltz aaron
sold (taxes)
-27,346
7.89
-3,466
chief legal officer
Nov 15, 2023
barrett michael g.
sold
-585,000
7.8
-75,000
ceo
Nov 15, 2023
gephart brian
sold (taxes)
-8,679
7.89
-1,100
chief accounting officer
Sep 06, 2023
buonasera david
sold
-46,709
8.58
-5,444
chief technology officer

1–10 of 50

Which funds bought or sold MGNI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
VisionPoint Advisory Group, LLC
unchanged
-
-611
754
-%
Dec 06, 2023
CITIGROUP INC
reduced
-39.87
-1,842,930
916,660
-%
Dec 04, 2023
TUCKER ASSET MANAGEMENT LLC
sold off
-100
-4,027
-
-%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-14.37
-1,000,420
897,863
-%
Nov 22, 2023
CANNELL CAPITAL LLC
sold off
-100
-8,823,420
-
-%
Nov 21, 2023
COMERICA BANK
added
-
6,138
6,138
-%
Nov 21, 2023
Walleye Capital LLC
new
-
190,038
190,038
-%
Nov 16, 2023
Creative Planning
new
-
44,223
44,223
-%
Nov 16, 2023
CM WEALTH ADVISORS LLC
sold off
-100
-230,420
-
-%
Nov 16, 2023
Orion Capital Management LLC
new
-
3,770
3,770
-%

1–10 of 37

Latest Funds Activity

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

Schedule 13G FIlings of Magnite, Inc.

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 14, 2022
granahan investment management, llc
6.44%
8,482,357
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G
Feb 03, 2022
blackrock inc.
6.3%
8,309,705
SC 13G/A
May 21, 2021
rtl group gmbh
9.6%
0
SC 13G/A

Recent SEC filings of Magnite, Inc.

View All Filings
Date Filed Form Type Document
Nov 21, 2023
144
Notice of Insider Sale Intent
Nov 17, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 08, 2023
8-K
Current Report

MGNI Fair Value

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Peers (Alternatives to Magnite, Inc.)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
16.2B
14.5B
8.26% 8.35%
11.63
1.12
1.56% 7.11%
12.0B
10.9B
7.76% -2.86%
12.85
1.1
-0.20% -6.64%
MID-CAP
2.9B
1.4B
3.71% -27.29%
63.85
2.12
-2.29% -87.23%
SMALL-CAP
2.0B
3.1B
19.07% 169.32%
-12.85
0.64
6.82% -113.46%
1.6B
1.9B
7.56% -6.50%
226.67
0.82
-7.52% -89.56%
294.4M
302.5M
-38.48% 65.82%
-0.71
0.97
-1.16% -317.07%
25.6M
42.2M
15.38% -22.75%
-1.47
0.61
5.93% -214.50%
6.9M
29.7M
-4.95% 29.75%
-0.7
0.23
-13.28% -345.21%

Magnite, Inc. News

Latest updates
Stocks Register09 Dec 202301:02 pm10 hours ago
Knox Daily07 Dec 202307:27 pm2 days ago
Marketscreener.com29 Nov 202304:00 am10 days ago
SETE News27 Nov 202304:08 pm12 days ago
Defense World18 Nov 202308:00 am21 days ago
Yahoo Finance17 Nov 202308:00 am22 days ago
Yahoo Finance12 Nov 202308:00 am27 days ago
Yahoo Finance09 Nov 202308:00 am30 days ago
Yahoo Finance06 Nov 202308:00 am33 days ago
Yahoo Finance06 Nov 202308:00 am33 days ago
Simply Wall St03 Nov 202307:00 am36 days ago
Marketscreener NL02 Nov 202312:04 pm37 days ago
Yahoo Finance25 Oct 202307:00 am45 days ago
Nasdaq06 Oct 202307:00 am2 months ago
Yahoo Finance04 Oct 202307:00 am2 months ago

Financials for Magnite, Inc.

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-1.6%150,085,000152,543,000130,150,000175,399,000145,815,000137,780,000118,075,000161,286,000131,871,000114,541,00060,715,00082,003,00060,982,00042,348,00036,295,00048,486,00037,642,00037,870,00032,416,00041,432,00029,729,000
Cost Of Revenue-100.0%-130,175,000124,828,000111,015,00071,753,00065,001,00059,396,00066,839,00063,541,00050,526,00020,756,00021,168,00021,031,00021,545,00014,003,00013,321,00013,869,00015,085,00015,116,00015,489,00014,687,000
Costs and Expenses-25.1%167,928,000224,338,000230,645,000203,941,000166,970,000161,043,000157,899,000157,651,000155,819,000161,522,00074,491,00074,008,00071,922,00082,910,00047,022,00047,500,00044,323,00046,470,00045,704,00043,915,00043,995,000
  S&GA Expenses-15.3%38,227,00045,131,00053,049,00048,406,00049,848,00051,827,00050,000,00052,284,00052,260,00043,273,00022,589,00022,971,00021,761,00020,029,00011,269,00011,414,00011,040,00011,519,00010,592,00010,510,00010,654,000
  R&D Expenses0.7%23,537,00023,383,00024,215,00022,543,00025,134,00023,037,00023,043,00021,013,00021,059,00018,111,00014,266,00014,228,00013,562,00013,063,00010,693,00010,402,00010,293,0009,839,0009,716,0008,825,0009,299,000
EBITDA Margin-3.1%0.070.070.080.090.110.110.050.070.030.01-0.01-0.02-0.08-0.100.05------
Interest Expenses100.0%--8,520,000-8,175,000-7,987,000-7,016,000-7,146,000-7,111,000-7,253,000-7,280,000-5,172,000-143,000-62,000-30,000-2,000144,000164,000218,000214,000193,000211,000232,000
Income Taxes-238.1%-967,000700,000-309,000-2,754,500-435,000-104,000-2,000,000-2,838,500-4,700,000-87,695,000166,000160,000446,000300,000-200,000-943,00055,00084,000-708,000124,00084,000
Earnings Before Taxes74.8%-18,444,000-73,226,000-99,041,000-39,115,000-24,826,000-25,058,000-46,598,000-2,363,000-29,027,000-50,887,000-12,711,0006,046,000-10,069,000-38,840,000-9,876,000580,000-6,119,000-8,197,000-13,254,000-2,106,000-13,708,000
EBT Margin3.4%-0.38-0.39-0.32-0.23-0.18-0.19-0.25-0.20-0.22-0.21-0.23-0.24-0.31-0.33-0.15------
Net Income76.3%-17,477,000-73,889,000-98,732,000-36,385,000-24,391,000-24,954,000-44,593,000453,000-24,319,00036,808,000-12,877,0005,886,000-10,515,000-39,128,000-9,675,0001,523,000-6,174,000-8,281,000-12,546,000-2,230,000-13,792,000
Net Income Margin3.6%-0.37-0.39-0.31-0.23-0.17-0.17-0.060.000.010.06-0.23-0.24-0.31-0.32-0.14------
Free Cashflow18.0%77,654,00065,786,000-35,297,00075,894,00030,542,00040,851,00014,448,00064,877,00027,543,00019,015,000-2,543,0001,892,000-3,333,000-17,409,000-7,507,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets1.5%2,4452,4082,4302,7122,5292,6222,5222,7132,5332,5411,215939866757314395335335311360321
  Current Assets6.0%1,2691,1971,1371,3261,0791,1421,0101,1789741,004888607530410237313263270244301261
    Cash Equivalents16.6%31126623732625423320523118819346911810410771.0089.0085.0086.0081.0080.0082.00
  Net PPE-0.4%46.0046.0046.0045.0045.0038.0035.0034.0033.0034.0028.0024.0019.0020.0022.0024.0024.0024.0028.0033.0034.00
  Goodwill0.0%97897897897897897897897097324.001581581581581517.00-----
Liabilities2.1%1,7931,7551,7251,9211,7191,8011,6851,8321,6561,654872557510400216283231229203242203
  Current Liabilities7.3%1,1311,0549821,1259191,0028871,029859874449522474362202267215221195241202
    LT Debt, Non Current-5.3%602635674723722721721720719719389----------
Shareholder's Equity-0.1%65265370579181182183888187788834238235635798.00112104106108118118
  Retained Earnings-2.5%-714-697-623-524-488-464-439-394-394-370-407-394-400-389-350-341-342-336-328-315-313
  Additional Paid-In Capital1.3%1,3711,3531,3321,3191,3041,2891,2781,2831,2731,259751777759750450453447442437434431
Shares Outstanding0.7%13813713513413313213213213212611511411010955.0054.0052.0052.0052.0050.0051.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations10.7%82,059,00074,116,000-30,893,00088,705,00039,893,00042,320,00021,632,00068,589,00030,589,00028,637,000-1,226,00011,973,000-2,542,000-16,263,000-5,233,00022,175,0004,275,0008,985,000-3,452,000-134,000-1,462,000
  Share Based Compensation-6.6%17,468,00018,707,00019,287,00013,925,00017,402,00016,202,00016,589,00012,214,00011,824,0009,704,0006,993,0007,193,0007,350,0009,891,0004,057,0004,948,0004,713,0004,795,0004,369,0003,266,0003,860,000
Cashflow From Investing38.5%-6,805,000-11,067,000-7,467,000-15,216,000-13,193,000-5,422,000-31,321,000-15,427,000-35,479,000-636,819,000-3,272,000-10,854,000-2,967,00051,068,000-4,611,000-19,283,000-5,233,000-4,132,0005,260,000-897,00011,632,000
Cashflow From Financing7.8%-30,644,000-33,228,000-51,809,000-1,851,000-4,753,000-7,180,000-16,388,000-10,810,000582,000332,654,000355,627,00010,634,0001,562,0002,620,000-7,462,000636,000146,000597,000-1,584,000-809,000-
  Buy Backs-----7,831,500--6,007,000-------------

MGNI Income Statement

2023-09-30
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]    
Revenue$ 150,085$ 145,815$ 432,778$ 401,670
Cost of revenue84,87871,753339,881196,150
Expenses:    
Sales and marketing38,22749,848136,407151,675
Technology and development23,53725,13471,13571,214
General and administrative21,28620,23568,02359,405
Merger, acquisition, and restructuring costs007,4657,468
Total expenses167,928166,970622,911485,912
Loss from operations(17,843)(21,155)(190,133)(84,242)
Other (income) expense:    
Interest expense, net7,5747,01624,26921,273
Foreign exchange gain, net(1,471)(1,976)(1,542)(5,042)
Gain on extinguishment of debt(4,156)0(18,132)0
Other income(1,346)(1,369)(4,017)(3,991)
Total other expense, net6013,67157812,240
Loss before income taxes(18,444)(24,826)(190,711)(96,482)
Benefit for income taxes(967)(435)(613)(2,544)
Net loss$ (17,477)$ (24,391)$ (190,098)$ (93,938)
Net loss per share:    
Basic (in dollars per share)$ (0.13)$ (0.18)$ (1.40)$ (0.71)
Diluted (in dollars per share)$ (0.13)$ (0.18)$ (1.40)$ (0.71)
Weighted average shares used to compute net loss per share:    
Basic (in shares)137,372133,144136,084132,611
Diluted (in shares)137,372133,144136,084132,611

MGNI Balance Sheet

2023-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 310,509$ 326,254
Accounts receivable, net937,218976,506
Prepaid expenses and other current assets21,45323,501
TOTAL CURRENT ASSETS1,269,1801,326,261
Property and equipment, net46,11244,969
Right-of-use lease asset64,55178,211
Internal use software development costs, net21,63023,671
Intangible assets, net58,633253,501
Goodwill978,217978,217
Other assets, non-current6,6867,383
TOTAL ASSETS2,445,0092,712,213
Current liabilities:  
Accounts payable and accrued expenses1,100,7521,094,321
Lease liabilities, current20,91321,172
Debt, current3,6003,600
Other current liabilities5,7995,939
TOTAL CURRENT LIABILITIES1,131,0641,125,032
Debt, non-current, net of debt issuance costs601,609722,757
Lease liabilities, non-current54,02566,331
Deferred tax liability, net4,4005,072
Other liabilities, non-current1,8011,723
TOTAL LIABILITIES1,792,8991,920,915
Commitments and contingencies (Note 12)
STOCKHOLDERS' EQUITY  
Preferred stock, $0.00001 par value, 10,000 shares authorized at September 30, 2023 and December 31, 2022; 0 shares issued and outstanding at September 30, 2023 and December 31, 202200
Common stock, $0.00001 par value; 500,000 shares authorized at September 30, 2023 and December 31, 2022; 137,821 and 134,006 shares issued and outstanding at September 30, 2023 and December 31, 202222
Additional paid-in capital1,370,6191,319,221
Accumulated other comprehensive loss(3,639)(3,151)
Accumulated deficit(714,872)(524,774)
TOTAL STOCKHOLDERS' EQUITY652,110791,298
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 2,445,009$ 2,712,213
MGNI
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
 WEBSITEwww.magnite.com
 EMPLOYEES947

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 Dec 08 2023, market cap of Magnite, Inc. is 1.17 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. 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 Dec 08 2023, MGNI's PE ratio (Price to Earnings) is -5.15 and Price to Sales (PS) ratio is 1.92. 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.