Magnite Inc (NASDAQ:MGNI) has a beta value of 2.66 and has seen 2.42 million shares traded in the last trading session. The company, currently valued at $1.78B, closed the last trade at $12.42 per share which meant it gained $0.12 on the day or 0.98% during that session. The MGNI stock price is -71.42% off its 52-week high price of $21.29 and 32.53% above the 52-week low of $8.38.
The consensus among analysts is that Magnite Inc (MGNI) is Buy stock at the moment, with a recommendation rating of 1.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 10 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.06.
Magnite Inc (NASDAQ:MGNI) trade information
Sporting 0.98% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MGNI stock price touched $12.42 or saw a rise of 15.51%. Year-to-date, Magnite Inc shares have moved -21.98%, while the 5-day performance has seen it change -15.22%. Over the past 30 days, the shares of Magnite Inc (NASDAQ:MGNI) have changed -41.33%.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could jump 37.9% from current levels. The projected low price target is $19.0 while the price target rests at a high of $22.0. In that case, then, we find that the current price level is -77.13% off the targeted high while a plunge would see the stock gain -52.98% from current levels.
Magnite Inc (MGNI) estimates and forecasts
The company’s shares have lost -5.34% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 10.40%.
8 analysts offering their estimates for the company have set an average revenue estimate of 142.18M for the current quarter. 8 have an estimated revenue figure of 161.32M for the next ending quarter. Year-ago sales stood 130.55M and 146.76M respectively for this quarter and the next, and analysts expect sales will grow by 8.91% for the current quarter and 10.40% for the next.
MGNI Dividends
Magnite Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Magnite Inc (NASDAQ:MGNI)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 12.96 million shares worth more than $172.3 million. As of 2024-06-30, VANGUARD GROUP INC held 9.3069% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 9.7 million shares as of 2024-06-30. The firm’s total holdings are worth over $128.91 million and represent 6.9633% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Vanguard Total Stock Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 4.84% shares in the company for having 6.92 shares of worth $85.92 million while later fund manager owns 4.12 shares of worth $51.13 million as of Dec 31, 2024 , which makes it owner of about 2.88% of company’s outstanding stock.
