Magnite Inc (NASDAQ: MGNI) is -25.31% lower on its value in year-to-date trading and has touched a low of $8.22 and a high of $21.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGNI stock was last observed hovering at around $12.30 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $11.89, the stock is 10.61% and -7.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.26 million and changing -3.33% at the moment leaves the stock -17.16% off its SMA200. MGNI registered 29.38% gain for a year compared to 6-month loss of -4.65%. The firm has a 50-day simple moving average (SMA 50) of $12.789 and a 200-day simple moving average (SMA200) of $14.3538.
The stock witnessed a 4.21% gain in the last 1 month and extending the period to 3 months gives it a -32.29%, and is -0.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.00% over the week and 8.71% over the month.
Magnite Inc (MGNI) has around 905 employees, a market worth around $1.68B and $668.17M in sales. Current P/E ratio is 85.72 and Fwd P/E is 10.94. Profit margin for the company is 3.41%. Distance from 52-week low is 44.65% and -44.15% from its 52-week high. The company has generated returns on investments over the last 12 months (1.68%).
with sales reaching $142.5M over the same period.The EPS is expected to grow by 25.90% this year, but quarterly earnings will post 10.08% year-over-year. Quarterly sales are estimated to grow 9.15% in year-over-year returns.
405.0 institutions hold shares in Magnite Inc (MGNI), with institutional investors hold 92.12% of the company’s shares. The shares outstanding are 141.43M, and float is at 136.85M with Short Float at 10.28%. Institutions hold 90.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.96 million shares valued at $172.3 million. The investor’s holdings represent 9.2239 of the MGNI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.7 million shares valued at $128.91 million to account for 6.9011 of the shares outstanding. The other top investors are FMR LLC which holds 5.5 million shares representing 3.9164 and valued at over $73.16 million, while DIMENSIONAL FUND ADVISORS LP holds 3.8721 of the shares totaling 5.39 million with a market value of $71.68 million.
Magnite Inc (MGNI) Insider Activity
The most recent transaction is an insider sale by Gephart Brian, the company’s CHIEF ACCOUNTING OFFICER. SEC filings show that Gephart Brian sold 6,250 shares of the company’s common stock on Mar 03 ’25 at a price of $16.00 per share for a total of $100000.0. Following the sale, the insider now owns 0.13 million shares.
Magnite Inc disclosed in a document filed with the SEC on Mar 03 ’25 that Soroca Adam Lee (CHIEF PRODUCT OFFICER) sold a total of 15,499 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $15.75 per share for $0.24 million. Following the transaction, the insider now directly holds 0.46 million shares of the MGNI stock.
Still, SEC filings show that on Mar 03 ’25, Gephart Brian (Officer) Proposed Sale 6,250 shares at an average price of $16.00 for $100000.0. The insider now directly holds shares of Magnite Inc (MGNI).
