The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a very weak market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Magnite Inc's Score
Industry at a Glance
Industry Ranking
27 / 78
Overall Ranking
164 / 4593
Industry
Media & Publishing
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
15
analysts
Buy
Current Rating
26.905
Target Price
+104.91%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Magnite Inc Highlights
StrengthsRisks
Magnite, Inc. is an independent sell-side advertising company. The Company provides technology solutions to automate the purchase and sale of digital advertising inventory. Its platform features applications and services for sellers of digital advertising inventory, or publishers, that own and operate connected television (CTV) channels, applications, websites and other digital media properties, to manage and monetize their inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms, (DSPs), to buy digital advertising inventory; and a transparent, independent marketplace that brings buyers and sellers together and facilitates intelligent decision making and automated transaction execution at scale. The Company's streaming sell-side advertising platform (SSP) and ad server offers CTV sellers a holistic solution for workflow, yield management and monetization, across both programmatic and direct-sold video inventory.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 15.79% year-on-year.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD .
Fairly Valued
The company’s latest PE is 34.27, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 157.69M shares, decreasing 1.78% quarter-over-quarter.
Magnite, Inc. is an independent sell-side advertising company. The Company provides technology solutions to automate the purchase and sale of digital advertising inventory. Its platform features applications and services for sellers of digital advertising inventory, or publishers, that own and operate connected television (CTV) channels, applications, websites and other digital media properties, to manage and monetize their inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms, (DSPs), to buy digital advertising inventory; and a transparent, independent marketplace that brings buyers and sellers together and facilitates intelligent decision making and automated transaction execution at scale. The Company's streaming sell-side advertising platform (SSP) and ad server offers CTV sellers a holistic solution for workflow, yield management and monetization, across both programmatic and direct-sold video inventory.
Ticker SymbolMGNI
CompanyMagnite Inc
CEO
Websitehttps://www.magnite.com/
FAQs
What is the current price of Magnite Inc (MGNI)?
The current price of Magnite Inc (MGNI) is 14.080.
What is the symbol of Magnite Inc?
The ticker symbol of Magnite Inc is MGNI.
What is the 52-week high of Magnite Inc?
The 52-week high of Magnite Inc is 26.650.
What is the 52-week low of Magnite Inc?
The 52-week low of Magnite Inc is 8.220.
What is the market capitalization of Magnite Inc?
The market capitalization of Magnite Inc is 2.02B.
What is the net income of Magnite Inc?
The net income of Magnite Inc is 22.79M.
Is Magnite Inc (MGNI) currently rated as Buy, Hold, or Sell?
According to analysts, Magnite Inc (MGNI) has an overall rating of Buy, with a price target of 26.905.
What is the Earnings Per Share (EPS TTM) of Magnite Inc (MGNI)?
The Earnings Per Share (EPS TTM) of Magnite Inc (MGNI) is 0.411.