Magnite Inc (NASDAQ: MGNI) is 65.24% higher on its value in year-to-date trading and has touched a low of $8.22 and a high of $25.27 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 $23.52 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $23.58, the stock is -0.62% and 18.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 0.26% at the moment leaves the stock 47.44% off its SMA200. MGNI registered 48.12% gain for a year compared to 6-month gain of 38.38%. The firm has a 50-day simple moving average (SMA 50) of $19.9486 and a 200-day simple moving average (SMA200) of $15.993.
The stock witnessed a 12.45% loss in the last 1 month and extending the period to 3 months gives it a 90.47%, and is -3.44% 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 4.12% over the week and 4.10% over the month.
Magnite Inc (MGNI) has around 905 employees, a market worth around $3.33B and $674.62M in sales. Current P/E ratio is 118.91 and Fwd P/E is 21.80. Profit margin for the company is 4.58%. Distance from 52-week low is 186.86% and -6.69% from its 52-week high. The company has generated returns on investments over the last 12 months (2.72%).
with sales reaching $157.02M over the same period.The EPS is expected to grow by 24.54% this year, but quarterly earnings will post 8.24% year-over-year. Quarterly sales are estimated to grow 6.99% in year-over-year returns.
Magnite Inc (MGNI) Top Institutional Holders
393.0 institutions hold shares in Magnite Inc (MGNI), with institutional investors hold 97.30% of the company’s shares. The shares outstanding are 141.48M, and float is at 137.41M with Short Float at 13.78%. Institutions hold 96.18% 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 3.8376 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 sold by BARRETT MICHAEL G., the company’s CEO. SEC filings show that BARRETT MICHAEL G. sold 70,900 shares of the company’s common stock on Jul 15 ’25 at a price of $23.27 per share for a total of $1.65 million. Following the sold, the insider now owns 0.29 million shares.
Still, SEC filings show that on Jul 10 ’25, Caine Paul (Director) disposed off 5,000 shares at an average price of $23.53 for $0.12 million. The insider now directly holds 183,603 shares of Magnite Inc (MGNI).
