Susquehanna Raises Magnite (NASDAQ:MGNI) Price Target to $30.00

Magnite (NASDAQ:MGNI) had its target price boosted by stock analysts at Susquehanna from $22.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 45.14% from the stock’s previous close.

Several other equities analysts have also recently issued reports on MGNI. Evercore restated an “outperform” rating and set a $21.00 target price on shares of Magnite in a research note on Thursday, May 7th. Scotiabank lifted their price target on shares of Magnite from $16.00 to $17.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. Rosenblatt Securities boosted their price objective on shares of Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday. BTIG Research increased their price objective on shares of Magnite from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Magnite in a report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.67.

Magnite Stock Down 0.9%

MGNI stock opened at $20.67 on Thursday. Magnite has a 1-year low of $10.82 and a 1-year high of $26.65. The business has a fifty day moving average price of $18.28 and a 200-day moving average price of $14.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $2.96 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.06 and a beta of 2.26.

Magnite (NASDAQ:MGNI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The firm had revenue of $192.82 million for the quarter, compared to the consensus estimate of $179.15 million. During the same period in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts forecast that Magnite will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Douglas S. Knopper sold 37,337 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $18.10, for a total value of $675,799.70. Following the transaction, the director directly owned 125,810 shares of the company’s stock, valued at approximately $2,277,161. This trade represents a 22.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Caine sold 5,000 shares of Magnite stock in a transaction on Friday, July 10th. The shares were sold at an average price of $20.64, for a total value of $103,200.00. Following the transaction, the director owned 162,401 shares in the company, valued at $3,351,956.64. This trade represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 491,639 shares of company stock worth $8,676,734. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MGNI. Vanguard Group Inc. grew its stake in shares of Magnite by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 14,802,630 shares of the company’s stock valued at $240,247,000 after acquiring an additional 148,198 shares during the period. Capital Research Global Investors raised its stake in Magnite by 85.0% during the 4th quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock worth $209,696,000 after acquiring an additional 5,937,428 shares during the period. Wellington Management Group LLP raised its stake in Magnite by 67.7% during the 4th quarter. Wellington Management Group LLP now owns 8,629,238 shares of the company’s stock worth $140,053,000 after acquiring an additional 3,484,689 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Magnite by 10.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,983,674 shares of the company’s stock valued at $47,322,000 after purchasing an additional 367,854 shares during the period. Finally, Nuveen LLC lifted its position in shares of Magnite by 14.2% in the fourth quarter. Nuveen LLC now owns 3,531,108 shares of the company’s stock valued at $57,310,000 after acquiring an additional 439,072 shares in the last quarter. Institutional investors own 73.40% of the company’s stock.

More Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Magnite reported Q2 revenue of $192.8 million, up 11% year over year, and non-GAAP EPS of $0.26 versus the $0.25 consensus estimate. Net income rose to $19.4 million from $11.1 million a year earlier. Magnite Reports Second Quarter 2026 Results
• Positive Sentiment: Core contribution ex-TAC, a key advertising-market revenue measure, increased 17% to $189.6 million and exceeded the company’s guidance range. CTV contribution ex-TAC surged 36% to $97.1 million, offsetting more modest 2% growth in DV+. Magnite Reports Second Quarter 2026 Results
• Positive Sentiment: Adjusted EBITDA rose 30% to $70.6 million, producing a 37% margin versus 34% in the prior-year quarter. Operating cash flow was $57.4 million, supporting the company’s improving profitability profile. Magnite Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its full-year 2026 expectations: contribution ex-TAC growth is now projected at 13%–14%, adjusted EBITDA growth above 20%, margin of at least 37%, and free-cash-flow growth in the high-40% range. Third-quarter contribution ex-TAC guidance of $188 million–$192 million also exceeds the reported analyst estimate of $185.2 million. Magnite Raises Full-Year 2026 Outlook
• Neutral Sentiment: Coverage was mixed on the revenue comparison: one report described Magnite as missing its particular Q2 revenue estimate, although the company’s reported $192.8 million exceeded the $179.15 million estimate cited in other coverage. Investors are likely placing greater emphasis on contribution ex-TAC and the upgraded outlook.
• Negative Sentiment: DV+ growth remained subdued at 2%, leaving Magnite’s results increasingly dependent on sustained CTV momentum.

About Magnite

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).