For the last week, the … View analysts' price targets for Magnite or view Wall Street analyst' top-rated stocks. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The company has a Forward Dividend ratio of 0, with its dividend yield at 0%. Magnite, Inc.’s market cap currently stands at around $2.08 Billion, with investors looking forward to this quarter’s earnings report slated for Feb 24, 2021- Mar 01, 2021. Magnite (MGNI) in Focus: Stock Moves 7.1% Higher Zacks Equity Research - Zacks - Fri Nov 27, 7:49AM CST Zacks Equity Research - ZACKS - Fri Nov 27, 7:49AM CST Magnite (MGNI) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. (Add your “outperform” vote. In the short term (2weeks), MGNI's stock price should underperform the market by -1.33%.During that period the price should oscillate between -10.24% and +11.83%.. High Growth Earnings: MGNI is forecast to remain unprofitable over the next 3 years. Magnite has received a consensus rating of Buy. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Magnite Inc has risen higher in 3 of those 6 years over the subsequent 52 week period, corresponding to a historical probability of 50 % All rights reserved. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. “Experts forecast a positive 500-1,000 basis point positive swing in GDP in 2021, with digital ads growing 2x-3x faster than overall ad revs,” said Martin in a research note via TipRanks.. “Within digital advertising, Connected TV ads (CTV) are growing fastest and since MGNI’s highest pay-outs come from CTV this implies upside to 2021 consensus estimates.” MGNI stock forecast Our latest prediction for Magnite Inc's stock price was made on the Nov. 30, 2020 when the stock price was at 19.00$.. MGNI | Complete Magnite Inc. stock news by MarketWatch. Magnite Stock Is a Winner, But How Much Higher Can It Go? The MGNI stock price is -5.05% off its 52-week high price of $19.96 and 78.47% above the 52-week low of $4.09. Magnite has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 59.76% of the stock of Magnite is held by institutions. Based on our forecasts, a long-term increase is expected, the "MGNI" stock price prognosis for 2025-12-22 is 182.854 USD. Our system considers the available information about the company and then compares it to all the other stocks we have data on to get a percentile-ranked value. Magnite does not currently pay a dividend. View real-time stock prices and stock quotes for a full financial overview. Its omnichannel advertising platform enables publishers to monetize various auction types and formats, including CTV, desktop display, video, audio, and mobile, as well as allows agencies and brands to access brand-safe ad inventory and execute advertising transactions. There are currently 5 buy ratings for the stock. ), Magnite has received 7 “underperform” votes. Magnite does not have a long track record of dividend growth. High institutional ownership can be a signal of strong market trust in this company. Detailed list of analyst forecasts Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. MGNI Stock Analysis Overview . Magnite (MGNI) in Focus: Stock Moves 7.1% Higher - November 27, 2020 - Zacks.com The MGNI stock forecast is provided by MarketClub with their Trade Triangle system.. MGNI Stock Predictions In the past three months, Magnite insiders have sold more of their company's stock than they have bought. Learn about financial terms, types of investments, trading strategies and more. The official website for Magnite is www.magnite.com. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. If you are thinking about buying MGNI, make sure you check out the free MGNI stock predictions report provided by MarketClub. The business had revenue of $60.98 million for the quarter, compared to the consensus estimate of $53.90 million. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. In the medium term (3months), MGNI's stock price should underperform the market by … Get Magnite, Inc.'s stock price today. During the last day, the stock moved $3.56 between high and low, or 17.59%. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.91 Million shares traded. Magnite, Inc. (NASDAQ:MGNI) has a beta value of 1.53 and has seen 2,884,155 shares traded in the recent trading session. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Revenue vs Market : MGNI's revenue (18.8% per year) is forecast to … Magnite trades on the NASDAQ under the ticker symbol "MGNI.". Learn everything you need to know about successful options trading with this three-part video course. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 The company stock has a Forward Dividend ratio of 0, while the dividend yield is 0. Some companies that are related to Magnite include FactSet Research Systems (FDS), LINE (LN), Weibo (WB), Chindata Group (CD), Dada Nexus (DADA), OneConnect Financial Technology (OCFT), Medallia (MDLA), HUYA (HUYA), Switch (SWCH), Cardlytics (CDLX), 21Vianet Group (VNET), TripAdvisor (TRIP), Rackspace Technology (RXT), Sabre (SABR) and SVMK (SVMK). Get short term trading ideas from the MarketBeat Idea Engine. Shares of MGNI can be purchased through any online brokerage account. During the day the stock fluctuated 12.04% from a day low at $6.73 to a day high of $7.54. Get Our PREMIUM Forecast … Morningstar: © 2019 Morningstar, Inc. All Rights Reserved. Magnite (MGNI) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Shares of Magnite (NASDAQ:MGNI) have skyrocketed today, up by 16% as of 1:10 p.m. EST, after getting a bullish initiation from Wall Street. View all of MGNI's competitors. All times are ET. Magnite has a P/B Ratio of 14.55. View analyst ratings for Magnite or view MarketBeat's top 5 stock picks. Trade MGNI stock for free with recommended broker TD Ameritrade. MarketBeat just released five new trading ideas, but Magnite wasn't one of them. Stock analysis for Magnite Inc (MGNI:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The P/E ratio of Magnite is -50.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Their average twelve-month price target is $20.50, predicting that the stock has a possible downside of 35.60%. You may vote once every thirty days. This suggests that the stock has a possible downside of 19.9%. View Magnite's earnings history. Learn more. Get the latest information on Magnite (MGNI) stock, including a real-time stock price quote, news, financials, charts and more. To see all exchange delays and terms of use please see disclaimer. So, let’s go over some of the latest news on Apple before moving on to some fundamental and technical analysis, predictions and my price target for the stock in the next years. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.17. MarketBeat's community ratings are surveys of what our community members think about Magnite and other stocks. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The company is based in Los Angeles, California. Magnite's management team includes the following people: Louis Navellier has identified the S&P’s top-performing stock eight years in a row….Finding huge winners like NVIDIA… AMD… and Netflix. Identify stocks that meet your criteria using seven unique stock screeners. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Do Not Sell My Information. 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They use their proprietary Smart Scan and Trade Triangle technology to analyze the stock and you will get an instant report on how MGNI will perform in the near future. (Add your “underperform” vote.). The company earns $-25,480,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis. The high price target for MGNI is $30.00 and the low price target for MGNI is $9.00. View the latest Magnite Inc. (MGNI) stock price, news, historical charts, analyst ratings and financial information from WSJ. Looking for new stock ideas? Based on aggregate information from My MarketBeat watchlists, some companies that other Magnite investors own include The Trade Desk (TTD), Datadog (DDOG), DocuSign (DOCU), Tesla (TSLA), CrowdStrike (CRWD), The Walt Disney (DIS), Fastly (FSLY), Fiverr International (FVRR), QUALCOMM (QCOM) and Roku (ROKU). The average price target is $20.76 with a high forecast of $30.00 and a low forecast of $12.00. MGNI stock quote, chart and news. On average, they anticipate Magnite's stock price to reach $20.50 in the next year. Magnite issued an update on its fourth quarter 2020 Fundamental company data provided by Morningstar and Zacks Investment Research. This suggests that the stock has a possible downside of 33.2%. This is 4.15% more than the trading day before Thursday, 1st Oct 2020. Based on 7 analysts offering 12 month price targets for Magnite in the last 3 months. According to analysts' consensus price target of $20.50, Magnite has a forecasted downside of 33.2% from its current price of $30.71. Find the latest Magnite, Inc. (MGNI) stock quote, history, news and other vital information to help you with your stock trading and investing. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. With a 5-year investment, the revenue is expected to be around +462.63%. Get a free MGNI technical analysis report to make a better Magnite stock predictions on how the stock will perform in the near future.