In the last trading session, 1.9 million shares of the Magnite Inc (NASDAQ:MGNI) were traded, and its beta was 2.79. Most recently the company’s share price was $12.33, and it changed around $0.17 or 1.40% from the last close, which brings the market valuation of the company to $1.74B. MGNI currently trades at a discount to its 52-week high of $21.29, offering almost -72.67% off that amount. The share price’s 52-week low was $8.22, which indicates that the current value has risen by an impressive 33.33% since then.
Magnite Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.14. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended MGNI as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Magnite Inc is expected to report earnings per share of 0.05 for the current quarter.
Magnite Inc (NASDAQ:MGNI) trade information
Instantly MGNI has showed a green trend with a performance of 1.40% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.53 on recent trading dayincreased the stock’s daily price by 1.6%. The company’s shares are currently down -22.55% year-to-date, but still up 0.24% over the last five days. On the other hand, Magnite Inc (NASDAQ:MGNI) is 35.79% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 38.35% from its current value. Analyst projections state that MGNI is forecast to be at a low of $19 and a high of $22.
Magnite Inc (MGNI) estimates and forecasts
The year-over-year growth rate is expected to be 9.99%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 142.5M in revenue for the current quarter. 10 analysts expect Magnite Inc to make 161.44M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 130.55M and 146.76M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.15%. Forecasts for the next quarter put sales growth at 10.00%.
Magnite Inc earnings are expected to increase by 25.44% in 2025, but the outlook is positive 35.08% per year for the next five years.
MGNI Dividends
Magnite Inc’s next quarterly earnings report is expected to be released in June.
BLACKROCK INC., with 6.9011% or 9.7 million shares worth $128.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
SMALLCAP WORLD FUND INC and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 31, 2025 . The former held 11.39 shares worth $140.4 million, making up 8.05% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 4.12 shares worth around $50.76 million, which represents about 2.91% of the total shares outstanding.
