In last trading session, Magnite Inc (NASDAQ:MGNI) saw 1.67 million shares changing hands with its beta currently measuring 2.79. Company’s recent per share price level of $18.26 trading at -$0.82 or -4.30% at ring of the bell on the day assigns it a market valuation of $2.57B. That closing price of MGNI’s stock is at a discount of -16.59% from its 52-week high price of $21.29 and is indicating a premium of 54.11% from its 52-week low price of $8.38.

For Magnite Inc (MGNI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.14. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.39 in the current quarter.

Magnite Inc (NASDAQ:MGNI) trade information

Upright in the red during last session for losing -4.30%, in the last five days MGNI remained trading in the red while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $18.26 price level, adding 8.97% to its value on the day. Magnite Inc’s shares saw a change of 14.70% in year-to-date performance and have moved -10.97% in past 5-day. Magnite Inc (NASDAQ:MGNI) showed a performance of 16.16% in past 30-days.

Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 8.7% to its current value. Analysts have been projecting 19 as a low price target for the stock while placing it at a high target of 22. It follows that stock’s current price would drop -4.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.05% for stock’s current value.

Magnite Inc (MGNI) estimates and forecasts

This year revenue growth is estimated to rise 11.21% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 183.89M for the same. And 8 analysts are in estimates of company making revenue of 141.46M in the next quarter. Company posted 165.28M and 130.55M of sales in current and next quarters respectively a year earlier.

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 1.08% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 40.59% while estimates for its earnings growth in next 5 years are of 28.98%.

Magnite Inc (NASDAQ:MGNI)’s Major holders

VANGUARD GROUP INC is the top institutional holder at MGNI for having 12.96 million shares of worth $172.3 million. And as of 2024-06-30, it was holding 9.3069 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 9.7 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.9633 of outstanding shares, having a total worth of $128.91 million.

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 Sep 30, 2024 , the former fund manager was holding 4.16 shares of worth $75.96 million or 2.96% of the total outstanding shares. The later fund manager was in possession of 3.52 shares on Nov 30, 2024 , making its stake of worth around $64.34 million in the company or a holder of 2.50% of company’s stock.