Magnite Inc (NASDAQ: MGNI) is 72.76% 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 $24.29 in the last trading session, with the day’s loss setting it -0.76%.
Currently trading at $23.53, the stock is 15.15% and 37.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.31 million and changing -3.13% at the moment leaves the stock 54.32% off its SMA200. MGNI registered 47.80% gain for a year compared to 6-month gain of 46.15%. The firm has a 50-day simple moving average (SMA 50) of $17.141 and a 200-day simple moving average (SMA200) of $15.24745.
The stock witnessed a 34.77% loss in the last 1 month and extending the period to 3 months gives it a 159.14%, and is -2.45% 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 4.36% over the week and 4.32% over the month.
Magnite Inc (MGNI) has around 905 employees, a market worth around $3.32B and $674.62M in sales. Current P/E ratio is 118.66 and Fwd P/E is 22.05. Profit margin for the company is 4.58%. Distance from 52-week low is 186.25% and -6.89% from its 52-week high. The company has generated returns on investments over the last 12 months (2.72%).
The EPS is expected to grow by 24.54% this year.
Magnite Inc (MGNI) Top Institutional Holders
400.0 institutions hold shares in Magnite Inc (MGNI), with institutional investors hold 97.32% of the company’s shares. The shares outstanding are 141.48M, and float is at 137.30M with Short Float at 14.19%. Institutions hold 96.08% 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 sale by Soroca Adam Lee,the company’sCHIEF PRODUCT OFFICER. SEC filings show that Soroca Adam Lee sold 42,584 shares of the company’s common stock on Jul 03 ’25 at a price of $25.00 per share for a total of $1.06 million. Following the sale, the insider now owns 0.37 million shares.
Still, SEC filings show that on Jun 30 ’25, Evans Katie Seitz (President, Operations) disposed off 24,495 shares at an average price of $23.32 for $0.57 million. The insider now directly holds 434,430 shares of Magnite Inc (MGNI).
