MGNI - Magnite, Inc. Stock Price, Fair Value and News

8.90USD-0.52 (-5.52%)Market Closed

Market Summary

USD8.90-0.52

Market Closed

-5.52%

MGNI Stock Price

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MGNI RSI Chart

MGNI Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

-15.93

Price/Sales (Trailing)

1.95

EV/EBITDA

36.41

Price/Free Cashflow

7.96

MGNI Price/Sales (Trailing)

MGNI Profitability

Operating Margin

31.48%

EBT Margin

-13.16%

Return on Equity

-11.25%

Return on Assets

-3.19%

Free Cashflow Yield

12.57%

MGNI Fundamentals

MGNI Revenue

Revenue (TTM)

638.9M

Rev. Growth (Yr)

14.73%

Rev. Growth (Qtr)

-20.12%

MGNI Earnings

Earnings (TTM)

-78.2M

Earnings Growth (Yr)

82.01%

Earnings Growth (Qtr)

-157.44%

Breaking Down MGNI Revenue

Last 7 days

-1.1%

Last 30 days

-9.6%

Last 90 days

-4.5%

Trailing 12 Months

1.4%

How does MGNI drawdown profile look like?

MGNI Financial Health

Current Ratio

1.1

Debt/Equity

0.79

Debt/Cashflow

0.34

MGNI Investor Care

Shares Dilution (1Y)

3.28%

Diluted EPS (TTM)

-0.57

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	638.9M	0	0	0
2023	589.1M	603.9M	608.2M	619.7M
2022	525.8M	549.0M	563.0M	577.1M
2021	246.0M	318.2M	389.1M	468.4M
2020	160.3M	164.8M	188.1M	221.6M
2019	132.2M	141.4M	149.4M	156.4M
2018	134.4M	120.1M	114.7M	124.7M
2017	255.0M	227.4M	196.8M	155.5M
2016	280.5M	298.0M	299.6M	278.2M
2015	139.5M	164.2M	196.3M	248.5M
2014	90.2M	99.5M	111.6M	125.3M
2013	63.8M	70.5M	77.1M	83.8M
2012	0	0	0	57.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Magnite, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 15, 2024	barrett michael g.	sold	-840,750	11.21	-75,000	ceo
Mar 14, 2024	soroca adam lee	sold	-195,213	11.32	-17,245	chief product officer
Feb 15, 2024	barrett michael g.	sold (taxes)	-198,696	9.74	-20,400	ceo
Feb 15, 2024	buckley sean patrick	sold (taxes)	-234,831	9.74	-24,110	chief revenue officer
Feb 15, 2024	day david	sold (taxes)	-295,278	9.74	-30,316	chief financial officer
Feb 15, 2024	gephart brian	sold (taxes)	-55,031	9.74	-5,650	chief accounting officer
Feb 15, 2024	soroca adam lee	sold (taxes)	-213,998	9.74	-21,971	chief product officer
Feb 15, 2024	buonasera david	sold (taxes)	-65,891	9.74	-6,765	chief technology officer
Feb 15, 2024	evans katie seitz	sold (taxes)	-225,043	9.74	-23,105	chief operating officer
Feb 15, 2024	saltz aaron	sold (taxes)	-124,068	9.74	-12,738	chief legal officer

Which funds bought or sold MGNI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Swiss National Bank	added	6.71	489,145	2,632,680	-%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-1.39	1,003,000	8,438,000	0.01%
May 07, 2024	Arizona State Retirement System	added	4.77	62,580	366,532	-%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-88.84	-939,434	138,449	-%
May 07, 2024	ClariVest Asset Management LLC	unchanged	-	60.00	462	-%
May 07, 2024	Williams Jones Wealth Management, LLC.	added	5.19	1,400,590	8,047,600	0.10%
May 07, 2024	Empowered Funds, LLC	added	118	553,225	919,362	0.01%
May 07, 2024	Lisanti Capital Growth, LLC	new	-	3,063,000	3,063,000	0.75%
May 06, 2024	HighTower Advisors, LLC	reduced	-7.8	56,000	965,000	-%
May 06, 2024	Advisory Services Network, LLC	added	2.09	207,772	1,394,940	0.03%

Are Funds Buying or Selling MGNI?

Are funds buying MGNI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MGNI

No. of Funds

Unveiling Magnite, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	granahan investment management, llc	4.88%	6,726,268	SC 13G/A
Feb 13, 2024	vanguard group inc	9.18%	12,651,675	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Jan 26, 2024	blackrock inc.	7.3%	10,030,800	SC 13G/A
Jul 14, 2023	edenbrook capital, llc	4.13%	5,601,473	SC 13D/A
Feb 14, 2023	granahan investment management, llc	7.81%	10,419,013	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.32%	12,436,899	SC 13G/A
Feb 01, 2023	blackrock inc.	6.7%	8,905,372	SC 13G/A
Nov 10, 2022	edenbrook capital, llc	5.17%	6,893,079	SC 13D

Recent SEC filings of Magnite, Inc.

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
May 06, 2024	4/A	Insider Trading
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Mar 18, 2024	144	Notice of Insider Sale Intent
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 14, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Magnite, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
OMC	18.8B	14.9B	2.19%	3.76%	12.7	1.27	3.89%	8.20%
IPG	11.7B	10.9B	-1.62%	-13.62%	10.79	1.08	-0.15%	19.70%
MID-CAP
ZD	2.5B	1.4B	-5.12%	-16.10%	60.51	1.84	-1.94%	-34.90%
CMPR	2.2B	3.2B	-13.52%	91.32%	24.64	0.66	7.78%	135.65%
SMALL-CAP
CRTO	2.1B	2.0B	6.42%	17.52%	29.01	1.08	0.16%	407.18%
CDLX	711.3M	312.5M	4.07%	153.57%	-4.12	2.28	5.95%	64.39%
DLPN	20.7M	43.1M	-7.50%	-49.77%	-0.85	0.48	6.46%	-410.38%
CNET	5.9M	29.7M	-21.90%	-47.77%	-0.81	0.24	-13.28%	-56.29%

Magnite, Inc. News

Latest updates

Magnite, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-20.1%	149,319,000	186,932,000	150,085,000	152,543,000	130,150,000	175,399,000	145,815,000	137,780,000	118,075,000	161,286,000	131,871,000	114,541,000	60,715,000	82,003,000	60,982,000	42,348,000	36,295,000	48,486,000	37,642,000	37,870,000	32,416,000
Cost Of Revenue	-	-	-	-	130,175,000	124,828,000	111,015,000	71,753,000	65,001,000	59,396,000	66,839,000	63,541,000	50,526,000	20,756,000	21,168,000	21,031,000	21,545,000	14,003,000	13,321,000	13,869,000	15,085,000	15,116,000
Costs and Expenses	7.5%	163,147,000	151,808,000	167,928,000	224,338,000	230,645,000	203,941,000	166,970,000	161,043,000	157,899,000	157,651,000	155,819,000	161,522,000	74,491,000	74,008,000	71,922,000	82,910,000	47,022,000	47,500,000	44,323,000	46,470,000	45,704,000
S&GA Expenses	16.3%	43,689,000	37,575,000	38,227,000	45,131,000	53,049,000	48,406,000	49,848,000	51,827,000	50,000,000	52,284,000	52,260,000	43,273,000	22,589,000	22,971,000	21,761,000	20,029,000	11,269,000	11,414,000	11,040,000	11,519,000	10,592,000
R&D Expenses	16.0%	26,891,000	23,183,000	23,537,000	23,383,000	24,215,000	22,543,000	25,134,000	23,037,000	23,043,000	21,013,000	21,059,000	18,111,000	14,266,000	14,228,000	13,562,000	13,063,000	10,693,000	10,402,000	10,293,000	9,839,000	9,716,000
EBITDA Margin	-19.3%	0.07	0.08	0.06	0.07	0.08	0.09	0.11	0.11	0.05	0.07	0.03	0.01	-	-	-	-	-	-	-	-	-
Interest Expenses	1.8%	-7,958,000	-8,100,000	-7,574,000	-8,520,000	-8,175,000	-7,987,000	-7,016,000	-7,146,000	-7,111,000	-7,253,000	-7,280,000	-5,172,000	-143,000	-62,000	-30,000	-2,000	144,000	164,000	218,000	214,000	193,000
Income Taxes	-445.8%	-7,800,000	2,255,500	-1,000,000	663,000	-300,000	-2,750,000	-400,000	-104,000	-2,000,000	-2,833,000	-4,708,000	-87,695,000	200,000	160,000	400,000	300,000	-201,000	-943,000	55,000	84,000	-708,000
Earnings Before Taxes	-177.1%	-25,566,000	33,164,000	-18,444,000	-73,226,000	-99,041,000	-39,115,000	-24,826,000	-25,058,000	-46,598,000	-2,363,000	-29,027,000	-50,887,000	-12,711,000	6,046,000	-10,069,000	-38,840,000	-9,876,000	580,000	-6,119,000	-8,197,000	-13,254,000
EBT Margin	48.2%	-0.13	-0.25	-0.38	-0.39	-0.32	-0.23	-0.18	-0.19	-0.25	-0.20	-0.22	-0.21	-	-	-	-	-	-	-	-	-
Net Income	-157.4%	-17,757,000	30,914,000	-17,477,000	-73,889,000	-98,732,000	-36,385,000	-24,391,000	-24,954,000	-44,593,000	453,000	-24,319,000	36,808,000	-12,877,000	5,886,000	-10,515,000	-39,128,000	-9,675,000	1,523,000	-6,174,000	-8,281,000	-12,546,000
Net Income Margin	52.3%	-0.12	-0.26	-0.37	-0.39	-0.31	-0.23	-0.17	-0.17	-0.06	0.00	0.01	0.06	-	-	-	-	-	-	-	-	-
Free Cashflow	-183.4%	-66,284,000	79,460,000	77,654,000	65,786,000	-35,297,000	75,894,000	30,542,000	40,851,000	14,448,000	64,877,000	27,543,000	19,015,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-8.7%	2,454	2,689	2,445	2,408	2,430	2,712	2,529	2,622	2,522	2,713	2,533	2,541	1,215	939	866	757	314	395	335	335	311
Current Assets	-16.4%	1,273	1,523	1,269	1,197	1,137	1,326	1,079	1,142	1,010	1,178	974	1,004	888	607	530	410	237	313	263	270	244
Cash Equivalents	-22.5%	253	326	311	266	237	326	254	233	205	230	188	193	469	118	104	107	71.00	89.00	85.00	86.00	81.00
Net PPE	17.2%	56.00	47.00	46.00	46.00	46.00	45.00	45.00	38.00	35.00	34.00	33.00	34.00	28.00	24.00	19.00	20.00	22.00	24.00	24.00	24.00	28.00
Goodwill	0%	978	978	978	978	978	978	978	978	978	970	973	24.00	158	158	158	158	151	7.00	-	-	-
Liabilities	-11.5%	1,759	1,987	1,793	1,755	1,725	1,921	1,719	1,801	1,685	1,832	1,656	1,654	872	557	510	400	216	283	231	229	203
Current Liabilities	-17.6%	1,155	1,402	1,131	1,054	982	1,125	919	1,002	887	1,029	859	874	449	522	474	362	202	267	215	221	195
Long Term Debt	3.0%	549	533	602	635	674	723	722	721	721	720	719	719	389	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	533	602	635	674	723	722	721	721	720	719	719	389	-	-	-	-	-	-	-	-
Shareholder's Equity	-0.9%	695	702	652	653	705	791	811	821	838	881	877	888	342	382	356	357	98.00	112	104	106	108
Retained Earnings	-2.6%	-701	-683	-714	-697	-623	-524	-488	-464	-439	-394	-394	-370	-407	-394	-400	-389	-350	-341	-342	-336	-328
Additional Paid-In Capital	0.9%	1,400	1,388	1,371	1,353	1,332	1,319	1,304	1,289	1,278	1,283	1,273	1,259	751	777	759	750	450	453	447	442	437
Shares Outstanding	2.5%	140	137	138	137	135	133	133	132	132	126	124	126	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,187	-	-	-	688	-	-	-	3,560	-	-	-	646	-	-	-	321	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-167.8%	-60,411	89,085	82,059	74,116	-30,893	88,705	39,893	42,320	21,632	68,589	30,589	28,637	-1,226	11,973	-2,542	-16,263	-5,233	22,175	4,275	8,985	-3,452
Share Based Compensation	21.4%	20,831	17,155	17,468	18,707	19,287	13,925	17,402	16,202	16,589	12,214	11,824	9,704	6,993	7,193	7,350	9,891	4,057	4,948	4,713	4,795	4,369
Cashflow From Investing	23.2%	-9,252	-12,044	-6,805	-11,067	-7,467	-15,216	-13,193	-5,422	-31,321	-15,427	-35,479	-636,819	-3,272	-10,854	-2,967	51,068	-4,611	-19,283	-5,233	-4,132	5,260
Cashflow From Financing	95.0%	-3,101	-62,161	-30,644	-33,228	-51,809	-1,851	-4,753	-7,180	-16,388	-10,810	582	332,654	355,627	10,634	1,562	2,620	-7,462	636	146	597	-1,584
Buy Backs	-	-	-	-	-	-	-	7,832	-	-	6,007	-	-	-	-	-	-	-	-	-	-	-

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MGNI Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 619,710	$ 577,069	$ 468,413
Expenses:
Cost of revenue	409,906	307,165	201,662
Sales and marketing	173,982	200,081	170,406
Technology and development	94,318	93,757	74,449
General and administrative	89,048	81,382	64,789
Merger, acquisition, and restructuring costs	7,465	7,468	38,177
Total expenses	774,719	689,853	549,483
Loss from operations	(155,009)	(112,784)	(81,070)
Other (income) expense:
Interest expense, net	32,369	29,260	19,848
Foreign exchange (gain) loss, net	1,953	(1,129)	(1,480)
Gain on extinguishment of debt	(26,480)	0	0
Other income	(5,304)	(5,318)	(4,450)
Total other expense, net	2,538	22,813	13,918
Loss before income taxes	(157,547)	(135,597)	(94,988)
Provision (benefit) for income taxes	1,637	(5,274)	(95,053)
Net income (loss)	$ (159,184)	$ (130,323)	$ 65
Net income (loss) per share:
Basic (in USD per share)	$ (1.17)	$ (0.98)	$ 0
Diluted (in USD per share)	$ (1.17)	$ (0.98)	$ 0
Weighted average shares used to compute net income (loss) per share:
Basic (in shares)	136,620	132,887	126,294
Diluted (in shares)	136,620	132,887	136,261

MGNI Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 326,219	$ 326,254
Accounts receivable, net	1,176,276	976,506
Prepaid expenses and other current assets	20,508	23,501
TOTAL CURRENT ASSETS	1,523,003	1,326,261
Property and equipment, net	47,371	44,969
Right of use lease asset	60,549	78,211
Internal use software development costs, net	21,926	23,671
Intangible assets, net	51,011	253,501
Goodwill	978,217	978,217
Other assets, non-current	6,729	7,383
TOTAL ASSETS	2,688,806	2,712,213
Current liabilities:
Accounts payable and accrued expenses	1,372,176	1,094,321
Lease liabilities, current	20,402	21,172
Debt, current	3,600	3,600
Other current liabilities	5,957	5,939
TOTAL CURRENT LIABILITIES	1,402,135	1,125,032
Debt, non-current, net of debt issuance costs	532,986	722,757
Lease liabilities, non-current	49,665	66,331
Deferred tax liabilities, net	680	5,072
Other liabilities, non-current	1,657	1,723
TOTAL LIABILITIES	1,987,123	1,920,915
Commitments and contingencies (Note 16)
STOCKHOLDERS' EQUITY
Preferred stock, $0.00001 par value, 10,000 shares authorized at December 31, 2023 and December 31, 2022; 0 shares issued and outstanding at December 31, 2023 and December 31, 2022	0	0
Common stock, $0.00001 par value; 500,000 shares authorized at December 31, 2023 and December 31, 2022; 138,577 and 134,006 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	2	2
Additional paid-in capital	1,387,715	1,319,221
Accumulated other comprehensive loss	(2,076)	(3,151)
Accumulated deficit	(683,958)	(524,774)
TOTAL STOCKHOLDERS' EQUITY	701,683	791,298
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,688,806	$ 2,712,213

About Magnite, Inc.

Magnite, Inc. operates an independent 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 provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a 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. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.

CEO	Mr. Michael G. Barrett
WEBSITE	magnite.com
INDUSTRY	Advertising Agencies
EMPLOYEES	947

Magnite, Inc. Frequently Asked Questions

What is the ticker symbol for Magnite, Inc.? What does MGNI stand for in stocks?

MGNI is the stock ticker symbol of Magnite, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Magnite, Inc. (MGNI)?

As of Wed May 08 2024, market cap of Magnite, Inc. is 1.25 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MGNI stock?

You can check MGNI's fair value in chart for subscribers.

What is the fair value of MGNI stock?

You can check MGNI's fair value in chart for subscribers. The fair value of Magnite, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Magnite, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MGNI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Magnite, Inc. a good stock to buy?

The fair value guage provides a quick view whether MGNI is over valued or under valued. Whether Magnite, Inc. is cheap or expensive depends on the assumptions which impact Magnite, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MGNI.

What is Magnite, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, MGNI's PE ratio (Price to Earnings) is -7.82 and Price to Sales (PS) ratio is 2.01. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MGNI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Magnite, Inc.'s stock?

In the past 10 years, Magnite, Inc. has provided -0.029 (multiply by 100 for percentage) rate of return.