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MGNI

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

14.54USD-0.25 (-1.69%)Market Closed

Market Summary

MGNI
USD14.54-0.25
Market Closed
-1.69%

MGNI Alerts

  • 6 major insider sales recently.

MGNI Stock Price

View Fullscreen

MGNI RSI Chart

MGNI Valuation

Market Cap

2.1B

Price/Earnings (Trailing)

-26.48

Price/Sales (Trailing)

3.24

EV/EBITDA

55.87

Price/Free Cashflow

13.22

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

7.56%

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

9.1%

Last 30 days

6.8%

Last 90 days

71.3%

Trailing 12 Months

-2.6%

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
YearQ1Q2Q3Q4
2024638.9M000
2023589.1M603.9M608.2M619.7M
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
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Tracking the Latest Insider Buys and Sells of Magnite, Inc.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jul 16, 2024
buckley sean patrick
sold
-303,862
15.5
-19,604
chief revenue officer
Jul 15, 2024
gephart brian
sold
-242,490
15.00
-16,166
chief accounting officer
Jul 15, 2024
day david
sold
-286,155
15.00
-19,077
chief financial officer
Jul 15, 2024
buckley sean patrick
sold
-284,302
14.5
-19,607
chief revenue officer
Jul 15, 2024
barrett michael g.
sold
-1,500,000
15.00
-100,000
ceo
Jun 14, 2024
saltz aaron
sold
-65,219
13.65
-4,778
chief legal officer
Jun 13, 2024
evans katie seitz
sold
-200,230
13.77
-14,541
chief operating officer
Jun 12, 2024
pearson david t.
acquired
-
-
14,061
-
Jun 12, 2024
lam rachel
acquired
-
-
14,061
-
Jun 12, 2024
caine paul
acquired
-
-
14,061
-

1–10 of 50

Which funds bought or sold MGNI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jul 16, 2024
Cornerstone Wealth Management, LLC
reduced
-0.91
26,662
145,127
0.01%
Jul 15, 2024
IMC-Chicago, LLC
added
214
849,717
1,143,420
-%
Jul 12, 2024
BALDWIN BROTHERS LLC/MA
unchanged
-
10,160
53,160
-%
Jul 12, 2024
SG Americas Securities, LLC
reduced
-26.41
-59,000
600,000
-%
Jul 12, 2024
DHJJ Financial Advisors, Ltd.
unchanged
-
33.00
173
-%
Jul 12, 2024
Evanson Asset Management, LLC
unchanged
-
53,775
281,363
0.02%
Jul 12, 2024
Kopion Asset Management, LLC
reduced
-20.05
-127,471
10,883,900
7.72%
Jul 11, 2024
Guinness Atkinson Asset Management Inc
reduced
-29.24
-4,872
34,022
0.02%
Jul 11, 2024
Strategic Advocates LLC
sold off
-100
-189,641
-
-%
Jul 10, 2024
NBC SECURITIES, INC.
added
-
21,000
22,000
-%

1–10 of 44

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 17, 2024
4
Insider Trading
Jul 16, 2024
144
Notice of Insider Sale Intent
Jul 15, 2024
144
Notice of Insider Sale Intent
Jul 15, 2024
144
Notice of Insider Sale Intent
Jul 15, 2024
144
Notice of Insider Sale Intent
Jul 15, 2024
144
Notice of Insider Sale Intent
Jun 14, 2024
4
Insider Trading

Peers (Alternatives to Magnite, Inc.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
17.9B
15.1B
1.59% -6.55%
12.4
1.18
5.28% 4.05%
11.4B
10.9B
2.10% -26.13%
10.53
1.05
-0.15% 19.70%
MID-CAP
2.4B
3.2B
15.71% 45.06%
27.96
0.75
7.78% 135.65%
2.3B
1.4B
-7.48% -32.09%
39.1
1.7
-0.85% 89.15%
2.2B
2.0B
10.37% 15.84%
30.77
1.15
0.16% 410.05%
SMALL-CAP
434.2M
312.5M
7.89% -10.29%
-2.52
1.39
5.95% 64.39%
16.9M
48.5M
-12.75% -55.05%
-0.78
0.35
17.58% -260.67%
5.7M
30.6M
-4.82% -41.04%
-1.05
0.19
16.58% 42.72%

Magnite, Inc. News

Latest updates
Defense World9 hours ago
StockTitan16 Jul 202401:03 am
Simply Wall St15 Jul 202403:46 pm

Magnite, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-20.1%149,319,000186,932,000150,085,000152,543,000130,150,000175,399,000145,815,000137,780,000118,075,000161,286,000131,871,000114,541,00060,715,00082,003,00060,982,00042,348,00036,295,00048,486,00037,642,00037,870,00032,416,000
Cost Of Revenue----130,175,000124,828,000111,015,00071,753,00065,001,00059,396,00066,839,00063,541,00050,526,00020,756,00021,168,00021,031,00021,545,00014,003,00013,321,00013,869,00015,085,00015,116,000
Costs and Expenses7.5%163,147,000151,808,000167,928,000224,338,000230,645,000203,941,000166,970,000161,043,000157,899,000157,651,000155,819,000161,522,00074,491,00074,008,00071,922,00082,910,00047,022,00047,500,00044,323,00046,470,00045,704,000
  S&GA Expenses16.3%43,689,00037,575,00038,227,00045,131,00053,049,00048,406,00049,848,00051,827,00050,000,00052,284,00052,260,00043,273,00022,589,00022,971,00021,761,00020,029,00011,269,00011,414,00011,040,00011,519,00010,592,000
  R&D Expenses16.0%26,891,00023,183,00023,537,00023,383,00024,215,00022,543,00025,134,00023,037,00023,043,00021,013,00021,059,00018,111,00014,266,00014,228,00013,562,00013,063,00010,693,00010,402,00010,293,0009,839,0009,716,000
EBITDA Margin-19.3%0.070.080.060.070.080.090.110.110.050.070.030.01---------
Interest Expenses1.8%-7,958,000-8,100,000-7,574,000-8,520,000-8,175,000-7,987,000-7,016,000-7,146,000-7,111,000-7,253,000-7,280,000-5,172,000-143,000-62,000-30,000-2,000144,000164,000218,000214,000193,000
Income Taxes-445.2%-7,809,0002,262,000-1,000,000663,000-300,000-2,732,500-435,000-104,000-2,000,000-2,830,500-4,708,000-87,700,000200,000160,000446,000300,000-200,000-943,00055,00084,000-708,000
Earnings Before Taxes-177.1%-25,566,00033,164,000-18,444,000-73,226,000-99,041,000-39,115,000-24,826,000-25,058,000-46,598,000-2,363,000-29,027,000-50,887,000-12,711,0006,046,000-10,069,000-38,840,000-9,876,000580,000-6,119,000-8,197,000-13,254,000
EBT Margin48.2%-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%-17,757,00030,914,000-17,477,000-73,889,000-98,732,000-36,385,000-24,391,000-24,954,000-44,593,000453,000-24,319,00036,808,000-12,877,0005,886,000-10,515,000-39,128,000-9,675,0001,523,000-6,174,000-8,281,000-12,546,000
Net Income Margin52.3%-0.12-0.26-0.37-0.39-0.31-0.23-0.17-0.17-0.060.000.010.06---------
Free Cashflow-183.4%-66,284,00079,460,00077,654,00065,786,000-35,297,00075,894,00030,542,00040,851,00014,448,00064,877,00027,543,00019,015,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-8.7%2,4542,6892,4452,4082,4302,7122,5292,6222,5222,7132,5332,5411,215939866757314395335335311
  Current Assets-16.4%1,2731,5231,2691,1971,1371,3261,0791,1421,0101,1789741,004888607530410237313263270244
    Cash Equivalents-22.5%25332631126623732725423320523018819346911810410771.0089.0085.0086.0081.00
  Net PPE17.2%56.0047.0046.0046.0046.0045.0045.0038.0035.0034.0033.0034.0028.0024.0019.0020.0022.0024.0024.0024.0028.00
  Goodwill0%97897897897897897897897897897097324.001581581581581517.00---
Liabilities-11.5%1,7591,9871,7931,7551,7251,9211,7191,8011,6851,8321,6561,654872557510400216283231229203
  Current Liabilities-17.6%1,1551,4021,1311,0549821,1259191,0028871,029859874449522474362202267215221195
  Long Term Debt3.0%549533602635674723722721721720719719389--------
    LT Debt, Non Current3.0%549533602635674723722721721720719719389--------
Shareholder's Equity-0.9%69570265265370579181182183888187788834238235635798.00112104106108
  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 Capital0.9%1,4001,3881,3711,3531,3321,3191,3041,2891,2781,2831,2731,259751777759750450453447442437
Shares Outstanding1.0%140139138137135133133132132126124126---------
Float----1,187---688---3,560---646---321-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-167.8%-60,41189,08582,05974,116-30,89388,70539,89342,32021,63268,58930,58928,637-1,22611,973-2,542-16,263-5,23322,1754,2758,985-3,452
  Share Based Compensation21.4%20,83117,15517,46818,70719,28713,92517,40216,20216,58912,21411,8249,7046,9937,1937,3509,8914,0574,9484,7134,7954,369
Cashflow From Investing23.2%-9,252-12,044-6,805-11,067-7,467-15,216-13,193-5,422-31,321-15,427-35,479-636,819-3,272-10,854-2,96751,068-4,611-19,283-5,233-4,1325,260
Cashflow From Financing95.0%-3,101-62,161-30,644-33,228-51,809-1,851-4,753-7,180-16,388-10,810582332,654355,62710,6341,5622,620-7,462636146597-1,584
  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 revenue65,902124,828
Expenses:  
Sales and marketing43,68953,049
Technology and development26,89124,215
General and administrative26,66521,088
Merger, acquisition, and restructuring costs07,465
Total expenses163,147230,645
Loss from operations(13,828)(100,495)
Other (income) expense:  
Interest expense, net7,9588,175
Foreign exchange (gain) loss, net(2,315)233
(Gain) loss on extinguishment of debt7,387(8,549)
Other income(1,292)(1,313)
Total other (income) expense, net11,738(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)139,297134,667
Diluted (in shares)139,297134,667

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, net999,8481,176,276
Prepaid expenses and other current assets20,77220,508
TOTAL CURRENT ASSETS1,273,4541,523,003
Property and equipment, net55,53347,371
Right-of-use lease asset64,00160,549
Internal use software development costs, net23,11721,926
Intangible assets, net43,42251,011
Goodwill978,217978,217
Other assets, non-current16,3256,729
TOTAL ASSETS2,454,0692,688,806
Current liabilities:  
Accounts payable and accrued expenses1,123,4071,372,176
Lease liabilities, current19,90520,402
Debt, current3,6503,600
Other current liabilities7,7295,957
TOTAL CURRENT LIABILITIES1,154,6911,402,135
Debt, non-current, net of debt discount and debt issuance costs549,077532,986
Lease liabilities, non-current53,05949,665
Deferred tax liability, net288680
Other liabilities, non-current1,5771,657
TOTAL LIABILITIES1,758,6921,987,123
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, 202300
Common stock, $0.00001 par value; 500,000 shares authorized at March 31, 2024 and December 31, 2023; 140,024 and 138,577 shares issued and outstanding at March 31, 2024 and December 31, 202322
Additional paid-in capital1,400,1811,387,715
Accumulated other comprehensive loss(3,091)(2,076)
Accumulated deficit(701,715)(683,958)
TOTAL STOCKHOLDERS' EQUITY695,377701,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 2,454,069$ 2,688,806
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
 WEBSITEmagnite.com
 INDUSTRYAdvertising Agencies
 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 Wed Jul 17 2024, market cap of Magnite, Inc. is 2.07 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 Wed Jul 17 2024, MGNI's PE ratio (Price to Earnings) is -26.48 and Price to Sales (PS) ratio is 3.24. 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 0.046 (multiply by 100 for percentage) rate of return.