Brokerages Set Magnite, Inc. (NASDAQ:MGNI) Price Target at $28.30

Posted by Brian Himes on Aug 21st, 2026

Shares of Magnite, Inc. (NASDAQ:MGNI – Get Free Report) have earned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.30.

MGNI has been the subject of several research analyst reports. BTIG Research lifted their price objective on Magnite from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Benchmark lifted their target price on shares of Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wells Fargo & Company upped their price objective on Magnite from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Magnite from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial lifted their target price on Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 6th.

Get Our Latest Report on MGNI

Insider Activity at Magnite

In other Magnite news, insider Sean Patrick Buckley sold 67,179 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $24.49, for a total transaction of $1,645,213.71. Following the completion of the transaction, the insider owned 315,805 shares in the company, valued at approximately $7,734,064.45. This represents a 17.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael G. Barrett sold 293,968 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $22.72, for a total value of $6,678,952.96. Following the transaction, the chief executive officer owned 403,074 shares of the company’s stock, valued at approximately $9,157,841.28. The trade was a 42.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 935,251 shares of company stock valued at $19,046,675 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Magnite

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Magnite by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,847 shares of the company’s stock worth $854,000 after buying an additional 3,267 shares during the last quarter. Millennium Management LLC grew its position in shares of Magnite by 113.7% in the 1st quarter. Millennium Management LLC now owns 434,479 shares of the company’s stock valued at $4,957,000 after acquiring an additional 231,213 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Magnite by 24.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,276 shares of the company’s stock worth $83,000 after purchasing an additional 1,423 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Magnite by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 404,717 shares of the company’s stock worth $4,618,000 after purchasing an additional 36,097 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of Magnite by 103.6% in the 1st quarter. Intech Investment Management LLC now owns 109,992 shares of the company’s stock valued at $1,255,000 after purchasing an additional 55,971 shares during the period. Institutional investors own 73.40% of the company’s stock.

Magnite Stock Performance

Shares of NASDAQ:MGNI opened at $23.35 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.03. The business’s fifty day moving average price is $20.32 and its two-hundred day moving average price is $15.53. Magnite has a fifty-two week low of $10.82 and a fifty-two week high of $26.65. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.04 and a beta of 2.26.

Magnite (NASDAQ:MGNI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Magnite had a return on equity of 9.33% and a net margin of 22.49%.The company had revenue of $192.82 million during the quarter, compared to analysts’ expectations of $179.15 million. During the same period last year, the business earned $0.20 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. As a group, analysts predict that Magnite will post 0.61 EPS for the current fiscal year.

About Magnite

(Get Free Report)

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).