Great Lakes Advisors LLC Takes Position in Magnite, Inc. $MGNI

Posted by Brian Himes on Aug 21st, 2026

Great Lakes Advisors LLC bought a new position in shares of Magnite, Inc. (NASDAQ:MGNI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 176,615 shares of the company’s stock, valued at approximately $3,352,000.

Several other hedge funds have also added to or reduced their stakes in the company. Citizens Financial Group Inc. RI acquired a new stake in Magnite in the second quarter worth about $1,564,000. Buckland Partners Management Co LLC bought a new position in shares of Magnite in the 2nd quarter valued at about $597,000. BlackRock Inc. bought a new stake in shares of Magnite during the second quarter worth approximately $241,296,000. Deutsche Bank AG acquired a new position in Magnite in the second quarter valued at approximately $3,132,000. Finally, Rice Hall James & Associates LLC acquired a new position in Magnite in the second quarter valued at approximately $5,389,000. Institutional investors own 73.40% of the company’s stock.

Insider Transactions at Magnite

In other Magnite news, insider Sean Patrick Buckley sold 67,179 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $7,734,064.45. This represents a 17.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas S. Knopper sold 37,337 shares of Magnite stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $22.72, for a total transaction of $848,296.64. Following the completion of the sale, the director owned 88,473 shares in the company, valued at $2,010,106.56. This trade represents a 29.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 935,251 shares of company stock worth $19,046,675. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MGNI shares. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Magnite in a research note on Friday, August 7th. Royal Bank Of Canada upped their price objective on Magnite from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. B. Riley Financial raised 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. Finally, Susquehanna upped their price target on Magnite from $22.00 to $30.00 and gave the company a “positive” rating in a research note on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Magnite presently has an average rating of “Moderate Buy” and an average target price of $28.30.

Get Our Latest Stock Report on Magnite

Magnite Stock Performance

Shares of MGNI opened at $23.35 on Friday. Magnite, Inc. has a twelve month low of $10.82 and a twelve month high of $26.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.02. The firm’s 50 day moving average price is $20.32 and its two-hundred day moving average price is $15.53. The firm has a market cap of $3.35 billion, a P/E ratio of 21.42, a PEG ratio of 1.04 and a beta of 2.26.

Magnite (NASDAQ:MGNI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $192.82 million for the quarter, compared to analyst estimates of $179.15 million. Magnite had a return on equity of 9.33% and a net margin of 22.49%.The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. On average, analysts forecast that Magnite, Inc. will post 0.61 EPS for the current fiscal year.

Magnite Profile

(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).

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Institutional Ownership by Quarter for Magnite (NASDAQ:MGNI)

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