Magnite Inc (NASDAQ: MGNI) is 1.32% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MGNI stock was last observed hovering at around $15.10 in the last trading session, with the day’s gains setting it 1.03%.
Currently trading at $16.13, the stock is 32.55% and 32.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing 6.82% at the moment leaves the stock 12.89% off its SMA200. MGNI registered 81.24% gain for a year compared to 6-month loss of 22.20%.
The stock witnessed a 65.61% gain in the last 1 month and extending the period to 3 months gives it a -21.77%, and is 32.65% up 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 6.30% over the week and 5.72% over the month.
Magnite Inc (MGNI) has around 905 employees, a market worth around $2.28B and $674.62M in sales. Current P/E ratio is 81.34 and Fwd P/E is 15.11. Profit margin for the company is 4.58%. Distance from 52-week low is 96.23% and -24.24% from its 52-week high. The company has generated returns on investments over the last 12 months (2.72%).
with sales reaching $156.95M over the same period.The EPS is expected to grow by 24.57% this year, but quarterly earnings will post 8.10% year-over-year. Quarterly sales are estimated to grow 6.94% in year-over-year returns.
Magnite Inc (MGNI) Top Institutional Holders
The shares outstanding are 141.48M, and float is at 136.59M with Short Float at 12.08%.
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 3.8376 of the shares totaling 5.39 million with a market value of $71.68 million.
Magnite Inc (MGNI) Insider Activity
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Magnite Inc disclosed in a document filed with the SEC on Mar 03 ’25 that Gephart Brian (CHIEF ACCOUNTING OFFICER) sold a total of 6,250 shares of the company’s common stock. The trade occurred on Mar 03 ’25 and was made at $16.00 per share for $100000.0. Following the transaction, the insider now directly holds 0.13 million shares of the MGNI stock.
Still, SEC filings show that on Mar 03 ’25, Soroca Adam Lee (CHIEF PRODUCT OFFICER) disposed off 15,499 shares at an average price of $15.75 for $0.24 million. The insider now directly holds 458,386 shares of Magnite Inc (MGNI).
