Financhill
Buy
62

MGNI Quote, Financials, Valuation and Earnings

Last price:
$16.42
Seasonality move :
3.46%
Day range:
$16.23 - $16.48
52-week range:
$8.38 - $18.38
Dividend yield:
0%
P/E ratio:
273.67x
P/S ratio:
3.52x
P/B ratio:
3.18x
Volume:
489.8K
Avg. volume:
1.9M
1-year change:
71.76%
Market cap:
$2.3B
Revenue:
$619.7M
EPS (TTM):
$0.06

Analysts' Opinion

  • Consensus Rating
    Magnite has received a consensus rating of Buy. The company's average rating is a Buy based on 9 Buy ratings, 1 Hold rating, and 0 Sell ratings.
  • Price Target Upside
    According to analysts' consensus price target of $18.42, Magnite has an estimated upside of 12.2% from its current price of $16.42.
  • Price Target Downside
    According to analysts, the lowest downside price target is $13.00 representing 100% downside risk from its current price of $16.42.

Fair Value

  • According to the consensus of 10 analysts, Magnite has 12.2% upside to fair value with a price target of $18.42 per share.

MGNI vs. S&P 500

  • Over the past 5 trading days, Magnite has underperformed the S&P 500 by -3.74% suggesting its relative strength compared to the major market average is weak at this time.

Share Buyback

  • Magnite does have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.

Revenue Growth

  • Magnite has grown year-over-year revenues for 24 quarters straight. In the most recent quarter Magnite reported revenues of $162M.

Earnings Growth

  • Magnite earnings have been falling on a year-over-year basis for 1 quarter in a row. In the most recent quarter Magnite reported earnings per share of $0.04.
Enterprise value:
2.5B
EV / Invested capital:
1.94x
Price / LTM sales:
3.52x
EV / EBIT:
52.60x
EV / Revenue:
3.75x
PEG ratio (5yr expected):
--
EV / Free cash flow:
15.79x
Price / Operating cash flow:
14.83x
Enterprise value / EBITDA:
23.31x
Gross Profit (TTM):
$400.1M
Return On Assets:
0.67%
Net Income Margin (TTM):
2.62%
Return On Equity:
2.48%
Return On Invested Capital:
1.38%
Operating Margin:
9.34%
Trailing 12 Months Fiscal Quarters
Period Ending 2022-09-30 2023-09-30 2024-09-30 2023-09-30 2024-09-30
Income Statement
Revenue $563M $608.2M $661.1M $150.1M $162M
Gross Profit $300M $157.3M $400.1M $65.2M $99.5M
Operating Income -$72.7M -$211.2M $46M -$17.8M $15.1M
EBITDA $85M $103.8M $106.2M $28.4M $27.6M
Diluted EPS -$0.71 -$1.67 $0.06 -$0.13 $0.04
Period Ending 2020-09-30 2021-09-30 2022-09-30 2023-09-30 2024-09-30
Balance Sheet
Current Assets $529.6M $974.3M $1.1B $1.3B $1.6B
Total Assets $866.5M $2.5B $2.5B $2.4B $2.7B
Current Liabilities $473.6M $858.9M $919M $1.1B $1.4B
Total Liabilities $510.3M $1.7B $1.7B $1.8B $2B
Total Equity $356.1M $876.8M $810.5M $652.1M $725.9M
Total Debt -- $722.9M $725.7M $605.2M $553.8M
Trailing 12 Months Fiscal Quarters
Period Ending 2022-09-30 2023-09-30 2024-09-30 2023-09-30 2024-09-30
Cash Flow Statement
Cash Flow Operations $172.4M $214M $209.6M $82.1M $91.3M
Cash From Investing -$65.4M -$40.6M -$52.7M -$6.8M -$18.1M
Cash From Financing -$39.1M -$117.5M -$81.6M -$30.6M -$13.8M
Free Cash Flow $136.6M $173.4M $156.9M $75.3M $73.2M
MGNI
Sector
Market Cap
$2.3B
$110M
Price % of 52-Week High
89.34%
66.37%
Dividend Yield
0%
0%
Shareholder Yield
--
3.39%
1-Year Price Total Return
71.76%
-16.31%
Beta (5-Year)
2.505
0.704
Dividend yield:
0%
Annualized payout:
$0.00
Payout ratio:
--
Growth streak:
0 years

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Technicals

8-day SMA
Buy
Level $16.23
200-day SMA
Buy
Level $12.88
Bollinger Bands (100)
Buy
Level 12.24 - 15.84
Chaikin Money Flow
Buy
Level 41.8M
20-day SMA
Sell
Level $16.71
Relative Strength Index (RSI14)
Buy
Level 53.09
ADX Line
Sell
Level 12.62
Williams %R
Neutral
Level -58.6453
50-day SMA
Buy
Level $15.04
MACD (12, 26)
Buy
Level 0.21
25-day Aroon Oscillator
Sell
Level -72
On Balance Volume
Neutral
Level 37.8M

Financial Scores

Sell
Altman Z-Score (Annual)
Level (0.1655)
Sell
CA Score (Annual)
Level (-1.6111)
Buy
Beneish M-Score (Annual)
Level (-2.8184)
Buy
Momentum Score
Level (10)
Sell
Ohlson Score
Level (1.6859)
Buy
Piotroski F Score (Annual)
Level (5)
Sell
Quality Ratio Score
Level (3)
Buy
Fundamental Score
Level (7)

Revenue Forecast

Earnings per Share Forecast

Company Profile

Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.

Stock Forecast FAQ

In the current month, MGNI has received 9 Buy ratings 1 Hold ratings, and 0 Sell ratings. The MGNI average analyst price target in the past 3 months is $18.42.

  • Where Will Magnite Stock Be In 1 Year?

    According to analysts, the consensus estimate is that Magnite share price will rise to $18.42 per share over the next 12 months.

  • What Do Analysts Say About Magnite?

    Analysts are divided on their view about Magnite share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Magnite is a Sell and believe this share price will drop from its current level to $13.00.

  • What Is Magnite's Price Target?

    The price target for Magnite over the next 1-year time period is forecast to be $18.42 according to 10 Wall Street analysts, 9 of them rate the stock a Buy, 0 rate the stock a Sell, and 1 analyst rates the stock a Hold.

  • Is MGNI A Buy, Sell Or Hold?

    According to Wall Street analysts, the consensus rating for Magnite is a Buy. 9 of 10 analysts rate the stock a Buy at this time.

  • How Can I Buy Shares Of MGNI?

    You can purchase shares of Magnite via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, TastyTrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Magnite shares.

  • What Is The Magnite Share Price Today?

    Magnite was last trading at $16.42 per share. This represents the most recent stock quote for Magnite. Yesterday, Magnite closed at $16.42 per share.

  • How To Buy Magnite Stock Online?

    In order to purchase Magnite stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.

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