Currently, there are 141.48M common shares owned by the public and among those 137.30M shares have been available to trade.
The company’s stock has a 5-day price change of -2.45% and 159.14% over the past three months. MGNI shares are trading 72.76% year to date (YTD), with the 12-month market performance up to 47.80% higher. It has a 12-month low price of $8.22 and touched a high of $25.27 over the same period. MGNI has an average intraday trading volume of 2.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.15%, 37.27%, and 54.32% respectively.
Institutional ownership of Magnite Inc (NASDAQ: MGNI) shares accounts for 94.92% of the company’s 141.48M shares outstanding.
It has a market capitalization of $3.32B and a beta (3y monthly) value of 3.06. The stock’s trailing 12-month PE ratio is 118.66, while the earnings-per-share (ttm) stands at $0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.36% over the week and 4.32% over the month.
Analysts forecast that Magnite Inc (MGNI) will achieve an EPS of 0.17 for the current quarter, 0.19 for the next quarter and 1.05 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.13 while analysts give the company a high EPS estimate of 0.13. Comparatively, EPS for the current quarter was 0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 24.54%, and 20.67% over the next financial year.
Looking at the support for the MGNI, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on May 12, 2025, with the firm’s price target at $14-$18. Needham coverage for the Magnite Inc (MGNI) stock in a research note released on December 05, 2024 offered a Buy rating with a price target of $20. Scotiabank was of a view on December 05, 2024 that the stock is Sector Outperform, while Wells Fargo gave the stock Equal Weight rating on October 29, 2024, issuing a price target of $13. Lake Street on their part issued Buy rating on July 25, 2024.
