In last trading session, Magnite Inc (NASDAQ:MGNI) saw 1.74 million shares changing hands with its beta currently measuring 2.67. Company’s recent per share price level of $12.22 trading at $0.32 or 2.69% at ring of the bell on the day assigns it a market valuation of $1.73B. That closing price of MGNI’s stock is at a discount of -74.22% from its 52-week high price of $21.29 and is indicating a premium of 32.73% from its 52-week low price of $8.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.12 million shares which gives us an average trading volume of 2.97 million if we extend that period to 3-months.
For Magnite Inc (MGNI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.15. 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 0.06 in the current quarter.
Magnite Inc (NASDAQ:MGNI) trade information
Upright in the green during last session for gaining 2.69%, in the last five days MGNI remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $12.22 price level, adding 0.57% to its value on the day. Magnite Inc’s shares saw a change of -23.24% in year-to-date performance and have moved 23.43% in past 5-day. Magnite Inc (NASDAQ:MGNI) showed a performance of -9.68% in past 30-days. Number of shares sold short was 13.06 million shares which calculate 4.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 38.9% 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 -55.48% in reaching the projected high whereas dropping to the targeted low would mean a loss of -55.48% for stock’s current value.
Magnite Inc (MGNI) estimates and forecasts
This year revenue growth is estimated to rise 9.93% 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 142.38M for the same. And 8 analysts are in estimates of company making revenue of 161.01M in the next quarter. Company posted 130.55M and 146.76M of sales in current and next quarters respectively a year earlier.
Magnite Inc (NASDAQ:MGNI)’s Major holders
Insiders are in possession of 1.80% of company’s total shares while institution are holding 90.61 percent of that, with stock having share float percentage of 92.27%. Investors also watch the number of corporate investors in a company very closely, which is 90.61% institutions for Magnite Inc that are currently holding shares of the company. 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 9.2239 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 6.9011 of outstanding shares, having a total worth of $128.91 million.
On the other hand, SMALLCAP WORLD FUND INC and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 11.39 shares of worth $139.15 million or 8.05% of the total outstanding shares. The later fund manager was in possession of 4.12 shares on Dec 31, 2024 , making its stake of worth around $50.31 million in the company or a holder of 2.91% of company’s stock.
