How to buy Magnite stock (MGNI)

Magnite is an advertising agencies business based in the US. Magnite shares (MGNI) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $16.31 – a decrease of 2.97% over the previous week. Magnite employs 911 staff and has a trailing 12-month revenue of around $661.1 million.

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Magnite stock price (NASDAQ: MGNI)

Use our graph to track the performance of MGNI stocks over time.

Magnite shares at a glance

• Key figures

Information last updated 2024-12-12.

Latest market close	$16.31
52-week range	$8.38 - $18.38
50-day moving average more info button	$14.21
200-day moving average more info button	$12.64
Wall St. target price	$18.42
PE ratio more info button	130
Dividend yield more info button	N/A
Earnings per share (TTM) more info button	$0.13

Is it a good time to buy Magnite stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Magnite price performance over time

Historical closes compared with the close of $16.47 from 2024-12-13

1 week (2024-12-10)	-2.02%
1 month (2024-11-15)	3.91%
3 months (2024-09-17)	25.53%
6 months (2024-06-17)	18.83%

1 year (2023-12-15)	81.39%
2 years (2022-12-16)	45.88%
3 years (2021-12-17)	18.32
5 years (2019-12-17)	137.32%

Is Magnite stock undervalued or overvalued?

Valuing Magnite stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magnite's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Magnite's P/E ratio

Magnite's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 130x. In other words, Magnite shares trade at around 130x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Magnite's EBITDA

Magnite's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $90.9 million.

The EBITDA is a measure of a Magnite's overall financial performance and is widely used to measure a its profitability.

Magnite financials

Revenue TTM	$661.1 million
Operating margin TTM	9.34%
Gross profit TTM	$269.9 million
Return on assets TTM	1.11%
Return on equity TTM	2.51%
Profit margin	2.62%
Book value	$5.14
Market Capitalization more info button	$2.4 billion

TTM: trailing 12 months

Magnite share dividends

We're not expecting Magnite to pay a dividend over the next 12 months.

Magnite share price volatility

Over the last 12 months, Magnite's shares have ranged in value from as little as $8.375 up to $18.38. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Magnite's is 2.427. This would suggest that Magnite's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Magnite overview

Magnite, Inc. , together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020.

Frequently asked questions

What percentage of Magnite is owned by insiders or institutions?
Currently 1.85% of Magnite shares are held by insiders and 87.806% by institutions. How many people work for Magnite?
Latest data suggests 911 work at Magnite. When does the fiscal year end for Magnite?
Magnite's fiscal year ends in December. Where is Magnite based?
Magnite's address is: 1250 Broadway, New York, NY, United States, 10001 What is Magnite's ISIN number?
Magnite's international securities identification number is: US55955D1000