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MGNI
Magnite Inc.
as 05-17-2024 4:00pm EST
Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.
| Founded: | N/A | Country: | United States |
| Employees: | N/A | City: | NEW YORK |
| Market Cap: | 1.4B | IPO Year: | N/A |
| Target Price: | $14.82 | AVG Volume (30 days): | 1.6M |
| Analyst Decision: | Strong Buy | Number of Analysts: | 11 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | -0.57 | EPS Growth: | N/A |
| 52 Week Low/High: | $6.28 - $15.73 | Next Earning Date: | 05-08-2024 |
| Revenue: | $638,879,000 | Revenue Growth: | 8.44% |
| Revenue Growth (this year): | -0.89% | Revenue Growth (next year): | 10.33% |
Share on Social Networks:
Stock Insider Trading Activity of Magnite Inc. (MGNI)
| Name | Ticker | Relationship | Date | Transaction | Cost Per Share | Shares | Total Value | Securities Owned After Transaction(s) | SEC Form 4 |
|---|---|---|---|---|---|---|---|---|---|
| BARRETT MICHAEL G. | MGNI | CEO | Mar 15 '24 | Sell | $11.21 | 75,000 | $840,750.00 | 1,234,662 | SEC Form 4 |
| Soroca Adam Lee | MGNI | CHIEF PRODUCT OFFICER | Mar 14 '24 | Sell | $11.32 | 17,245 | $195,213.40 | 493,467 | SEC Form 4 |
| BARRETT MICHAEL G. | MGNI | CEO | Nov 15 '23 | Sell | $7.80 | 75,000 | $585,000.00 | 1,219,203 | SEC Form 4 |
Latest Magnite Inc. News
MGNI Breaking Stock News: Dive into MGNI Ticker-Specific Updates for Smart Investing
MT Newswires
2 days ago
Magnite Insider Sold Shares Worth $281,436, According to a Recent SEC Filing
MT Newswires
2 days ago
Magnite Insider Sold Shares Worth $676,500, According to a Recent SEC Filing
Motley Fool
3 days ago
Why Magnite Stock Rocketed Higher on Thursday
Investing.com
3 days ago
Here's what 10 analysts have to say about Netflix ad tier
MT Newswires
5 days ago
Ad Tech Services Q1 Demand Grows, But Industry Transparency Remains Key Issue, Macquarie Says
GlobeNewswire
6 days ago
Magnite to Participate in Upcoming Financial Conferences
GuruFocus.com
9 days ago
Magnite Inc (MGNI) Q1 2024 Earnings: Revenue and Contribution Growth Amid Challenges
Simply Wall St.
10 days ago