In last trading session, Magnite, Inc. (NASDAQ:MGNI) saw 6,375,706 shares changing hands with its beta currently measuring 2.42. Company’s recent per share price level of $31.14 trading at $3.75 or 13.69% at ring of the bell on the day assigns it a market valuation of $3.33 Billion. That closing price of MGNI’s stock is at a discount of -0.45% from its 52-week high price of $31.28 and is indicating a premium of 86.87% from its 52-week low price of $4.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.23 Million shares which gives us an average trading volume of 4.47 Million if we extend that period to 3-months.

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For Magnite, Inc. (MGNI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 8 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 8 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.11 in the current quarter.

Magnite, Inc. (NASDAQ:MGNI) trade information

Upright in the green during last session for gaining 13.69%, in the last five days MGNI remained trading in the green while hitting it’s week-highest on Thursday, Jan 14 when the stock touched $31.28- price level, adding 0.45% to its value on the day. Magnite, Inc.’s shares saw a change of 1.4% in year-to-date performance and have moved 21.59% in past 5-day. Magnite, Inc. (NASDAQ:MGNI) showed a performance of 66.08% in past 30-days. Number of shares sold short was 10.77 Million shares which calculate 2.41 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $21.13 to the stock, which implies targetted prices is already lagging behind -32.15% to its current value. Analysts have been projecting $12 as a low price target for the stock while placing it at a high target of $30. It follows that stock’s current price would jump -3.66% in reaching the projected high whereas dropping to the targeted low would mean a loss of -61.46% for stock’s current value.

Magnite, Inc. (MGNI) estimates and forecasts

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $73.85 Million for the same. And 5 analysts are in estimates of company making revenue of $55.77 Million in the next quarter that will end on March 01, 2021. Company posted $48.49 Million and $36.3 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 52.3% while estimating it to be 53.7% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.1% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 60.6% while estimates for its earnings growth in next 5 years are of 0%

Magnite, Inc. (NASDAQ:MGNI)’s Major holders

Insiders are in possession of 4.62% of company’s total shares while institution are holding 76.81% percent of that, with stock having share float percentage of 80.53%. Investors also watch the number of corporate investors in a company very closely, which is 247 institutions for Magnite, Inc. that are currently holding shares of the company. Granahan Investment Management Inc. is the top institutional holder at MGNI for having 10.02 Million shares of worth $69.61 Million. And as of September 29, 2020, it was holding 8.95% of the company’s outstanding shares.


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The second largest institutional holder is Blackrock Inc., which was holding about 7.45 Million shares on September 29, 2020. The number of shares represents firm’s hold over 6.66% of outstanding shares, having a total worth of $51.77 Million.

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On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 3066618 shares of worth $21.3 Million or 2.74% of the total outstanding shares. The later fund manager was in possession of 2.54 Million shares on December 30, 2020, making its stake of worth around $77.87 Million in the company or a holder of 2.26% of company’s stock.


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