Royce & Associates LP Buys 190,318 Shares of Magnite, Inc. $MGNI

Posted by Brenda Bartman on May 27th, 2026

Royce & Associates LP boosted its holdings in shares of Magnite, Inc. (NASDAQ:MGNI – Free Report) by 19.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,166,469 shares of the company’s stock after buying an additional 190,318 shares during the period. Royce & Associates LP’s holdings in Magnite were worth $18,932,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MGNI. Blue Grotto Capital LLC boosted its stake in Magnite by 443.8% during the third quarter. Blue Grotto Capital LLC now owns 1,548,796 shares of the company’s stock valued at $33,733,000 after buying an additional 1,263,992 shares during the period. Vanguard Group Inc. boosted its stake in Magnite by 8.1% during the third quarter. Vanguard Group Inc. now owns 14,654,432 shares of the company’s stock valued at $319,174,000 after buying an additional 1,092,147 shares during the period. 325 Capital LLC bought a new stake in Magnite during the third quarter valued at $14,158,000. Voloridge Investment Management LLC bought a new stake in Magnite during the third quarter valued at $8,172,000. Finally, Kopion Asset Management LLC boosted its stake in Magnite by 149.2% during the fourth quarter. Kopion Asset Management LLC now owns 614,459 shares of the company’s stock valued at $9,973,000 after buying an additional 367,858 shares during the period. Institutional investors own 73.40% of the company’s stock.

Magnite Trading Up 0.7%

Shares of MGNI stock opened at $13.29 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $12.75 and a two-hundred day moving average price of $13.80. Magnite, Inc. has a 12-month low of $10.82 and a 12-month high of $26.65. The firm has a market cap of $1.90 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.62 and a beta of 2.33.

Magnite (NASDAQ:MGNI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The firm had revenue of $164.37 million during the quarter, compared to analyst estimates of $159.24 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Magnite, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Magnite

In other Magnite news, Director Robert F. Spillane sold 10,000 shares of Magnite stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.33, for a total transaction of $133,300.00. Following the completion of the sale, the director owned 43,917 shares of the company’s stock, valued at $585,413.61. The trade was a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada dropped their price objective on Magnite from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company lifted their price objective on Magnite from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Evercore reissued an “outperform” rating and set a $21.00 price objective on shares of Magnite in a research note on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of Magnite in a research note on Thursday, April 16th. Finally, Scotiabank lifted their price objective on Magnite from $16.00 to $17.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Magnite presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.38.

View Our Latest Stock Analysis on Magnite

Magnite Company 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).