Magnite (NASDAQ:MGNI) Shares Up 7.1% – What’s Next?

Posted by Stanley Muller on Sep 2nd, 2026

Magnite, Inc. (NASDAQ:MGNI – Get Free Report)’s share price traded up 7.1% during trading on Wednesday . The company traded as high as $24.61 and last traded at $24.5130. 2,069,000 shares traded hands during trading, a decline of 19% from the average daily volume of 2,555,330 shares. The stock had previously closed at $22.89.

Analyst Upgrades and Downgrades

Several brokerages have commented on MGNI. Royal Bank Of Canada raised 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. Rosenblatt Securities upped their price target on Magnite from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BTIG Research increased their price target on Magnite from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wells Fargo & Company lifted their price objective on Magnite from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Susquehanna boosted their price objective on Magnite from $22.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Magnite presently has a consensus rating of “Moderate Buy” and an average target price of $28.30.

Check Out Our Latest Stock Analysis on MGNI

Magnite Price Performance

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 company’s 50 day moving average price is $21.25 and its 200-day moving average price is $16.18. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.02 and a beta of 2.30.

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

Insider Activity at Magnite

In other news, Director Paul Caine sold 5,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $24.35, for a total transaction of $121,750.00. Following the completion of the sale, the director owned 157,401 shares in the company, valued at approximately $3,832,714.35. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarah Patricia Harden sold 18,436 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $24.00, for a total value of $442,464.00. Following the sale, the director directly owned 114,751 shares of the company’s stock, valued at approximately $2,754,024. This represents a 13.84% 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. In the last three months, insiders have sold 982,828 shares of company stock worth $20,180,124. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Magnite

Institutional investors have recently bought and sold shares of the stock. Nykredit A S acquired a new stake in Magnite during the 2nd quarter worth about $25,000. EFG International AG acquired a new position in shares of Magnite in the second quarter worth about $28,000. Allworth Financial LP acquired a new position in shares of Magnite in the second quarter worth about $30,000. US Bancorp DE increased its position in shares of Magnite by 75.8% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $35,000 after acquiring an additional 688 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Magnite by 106.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,783 shares of the company’s stock worth $45,000 after acquiring an additional 1,949 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.

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).

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