Magnite, Inc. (NASDAQ:MGNI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Magnite, Inc. (NASDAQ:MGNI) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $28.80.

Several equities research analysts have weighed in on MGNI shares. Rosenblatt Securities raised their target price on shares of Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC upped their price target on Magnite from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Royal Bank Of Canada increased their price objective on Magnite from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Benchmark raised their price objective on Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Magnite in a research note on Friday, August 7th.

Magnite Stock Performance

MGNI stock opened at $23.77 on Tuesday. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.04 and a beta of 2.30. The firm has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $16.83. Magnite has a one year low of $10.82 and a one year high of $26.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.02.

Magnite (NASDAQ:MGNI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $192.82 million for the quarter, compared to analysts’ expectations of $179.15 million. Magnite had a net margin of 22.49% and a return on equity of 9.33%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. On average, equities analysts forecast that Magnite will post 0.61 EPS for the current fiscal year.

Key Stories Impacting Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Magnite and ITN expanded their partnership to introduce an agentic-AI solution through Magnite Orchestration for local linear television advertising. The platform is designed to reduce local TV campaign-buying timelines from weeks to hours, potentially increasing advertiser adoption, transaction volumes and Magnite’s role in programmatic TV. Magnite and ITN Expand Partnership to Introduce Agentic AI Solution for Local Linear TV
• Positive Sentiment: The ITN announcement strengthens Magnite’s connected-TV and local-TV growth narrative by adding automation and artificial intelligence to its advertising infrastructure. Investors may view the initiative as a potential long-term catalyst, although the company has not disclosed an immediate financial impact.
• Neutral Sentiment: Magnite’s latest reported quarter showed adjusted earnings of $0.26 per share versus the $0.24 consensus estimate and revenue of $192.82 million versus expectations of $179.15 million. Revenue grew 11.3% year over year, providing fundamental support for the stock, though these results were released before the current news window.
• Neutral Sentiment: Recent analyst commentary remains generally favorable, with BTIG maintaining a Buy rating and a $27 price target and Needham assigning a $30 target. The consensus target of $28.80 suggests analysts see additional upside, but these views are not new earnings guidance.
• Negative Sentiment: Magnite insiders sold a combined 102,382 shares for approximately $2.41 million across September 8–11. The sales included 40,000 shares from Aaron Saltz, 5,000 from director Paul Caine and multiple transactions totaling 57,382 shares from Katie Evans. Each transaction was executed under a pre-arranged Rule 10b5-1 plan, reducing the strength of the bearish signal, but the volume of selling could weigh on investor confidence. SEC insider transaction filing

Insider Buying and Selling

In other Magnite news, Director Paul Caine sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $23.53, for a total value of $117,650.00. Following the completion of the sale, the director owned 144,901 shares of the company’s stock, valued at approximately $3,409,520.53. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Aaron Saltz sold 40,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $23.41, for a total value of $936,400.00. Following the sale, the insider owned 224,389 shares in the company, valued at $5,252,946.49. The trade was a 15.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,070,092 shares of company stock valued at $22,407,430 in the last 90 days. 3.20% of the stock is owned by insiders.

Institutional Trading of Magnite

Several large investors have recently bought and sold shares of the stock. Meros Investment Management LP acquired a new stake in shares of Magnite in the second quarter worth $18,815,538. Stephens Investment Management Group LLC lifted its position in Magnite by 17.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,128,578 shares of the company’s stock valued at $18,317,000 after purchasing an additional 164,035 shares during the period. Royce & Associates LP lifted its position in Magnite by 19.5% during the fourth quarter. Royce & Associates LP now owns 1,166,469 shares of the company’s stock valued at $18,932,000 after purchasing an additional 190,318 shares during the period. Capital Research Global Investors boosted its holdings in Magnite by 85.0% in the fourth quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock valued at $209,696,000 after purchasing an additional 5,937,428 shares during the last quarter. Finally, Manatuck Hill Partners LLC purchased a new stake in Magnite in the second quarter valued at $8,541,000. Hedge funds and other institutional investors own 73.40% of the company’s stock.

About Magnite

Magnite, Inc is an independent sell-side advertising technology company that operates a global platform for digital media owners and app developers. Its technology helps publishers and media companies manage, package, sell and optimize advertising inventory across connected television (CTV), online video, mobile, desktop, audio and digital out-of-home channels.

Magnite’s platform connects publishers with agencies, brands and demand-side platforms, supporting automated, data-driven programmatic advertising transactions.