Magnite, Inc. (NASDAQ:MGNI – Free Report) – Investment analysts at B. Riley lowered their Q4 2025 earnings per share (EPS) estimates for Magnite in a note issued to investors on Wednesday, February 26th. B. Riley analyst Z. Cummins now expects that the company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.35. The consensus estimate for Magnite’s current full-year earnings is $0.33 per share.
A number of other equities analysts also recently issued reports on MGNI. Wolfe Research raised their price objective on Magnite from $14.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Macquarie restated an “outperform” rating and set a $18.00 price objective on shares of Magnite in a research report on Friday, November 8th. Benchmark lifted their target price on Magnite from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Magnite in a report on Thursday, February 27th. Finally, Royal Bank of Canada lifted their target price on Magnite from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.27.
Magnite Price Performance
Shares of MGNI opened at $14.65 on Monday. Magnite has a 1 year low of $8.38 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 244.17, a price-to-earnings-growth ratio of 1.00 and a beta of 2.52. The business has a 50-day moving average of $17.24 and a 200-day moving average of $15.27.
Magnite (NASDAQ:MGNI – Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.14). Magnite had a return on equity of 4.64% and a net margin of 2.62%. The company had revenue of $180.20 million for the quarter, compared to the consensus estimate of $183.90 million.
Insider Activity
In related news, Director James Rossman sold 149,936 shares of Magnite stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $19.46, for a total transaction of $2,917,754.56. Following the transaction, the director now owns 219,920 shares of the company’s stock, valued at $4,279,643.20. The trade was a 40.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO David Buonasera sold 1,969 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.31, for a total value of $32,114.39. Following the completion of the transaction, the chief technology officer now directly owns 223,795 shares in the company, valued at approximately $3,650,096.45. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 250,114 shares of company stock worth $4,825,153 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Magnite
Institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in Magnite in the 4th quarter worth about $25,000. Larson Financial Group LLC increased its stake in Magnite by 179.2% in the 4th quarter. Larson Financial Group LLC now owns 3,647 shares of the company’s stock worth $58,000 after acquiring an additional 2,341 shares during the last quarter. Quarry LP increased its stake in Magnite by 446.8% in the 3rd quarter. Quarry LP now owns 5,517 shares of the company’s stock worth $76,000 after acquiring an additional 4,508 shares during the last quarter. Quantbot Technologies LP bought a new position in Magnite in the 4th quarter worth about $87,000. Finally, Jones Financial Companies Lllp increased its stake in Magnite by 20.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the company’s stock worth $93,000 after acquiring an additional 1,000 shares during the last quarter. 73.40% of the stock is currently owned by institutional investors.
Magnite Company Profile
Magnite, Inc, together with its subsidiaries, operates an independent omni-channel 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 applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.
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