In last trading session, Magnite Inc (NASDAQ:MGNI) saw 1.69 million shares changing hands with its beta currently measuring 2.88. Company’s recent per share price level of $15.88 trading at -$0.71 or -4.28% at ring of the bell on the day assigns it a market valuation of $2.24B. That closing price of MGNI’s stock is at a discount of -34.07% from its 52-week high price of $21.29 and is indicating a premium of 48.24% from its 52-week low price of $8.22.
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 0.17 in the current quarter.
Magnite Inc (NASDAQ:MGNI) trade information
Upright in the red during last session for losing -4.28%, in the last five days MGNI remained trading in the green while hitting it’s week-highest on Wednesday, 05/14/25 when the stock touched $15.88 price level, adding 5.81% to its value on the day. Magnite Inc’s shares saw a change of -0.25% in year-to-date performance and have moved 6.65% in past 5-day. Magnite Inc (NASDAQ:MGNI) showed a performance of 56.61% in past 30-days.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 20.6% 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 -19.65% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.65% for stock’s current value.
Magnite Inc (MGNI) estimates and forecasts
This year revenue growth is estimated to rise 8.10% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 156.95M for the same. And 10 analysts are in estimates of company making revenue of 159.9M in the next quarter. Company posted 146.76M and 149.43M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around 24.57% while estimates for its earnings growth in next 5 years are of 42.86%.
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 9.2239 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 $180.82 million or 8.07% 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 $65.37 million in the company or a holder of 2.92% of company’s stock.
