Magnite Inc [NASDAQ: MGNI] price plunged by -3.13 percent to reach at -$0.76.
A sum of 7308953 shares traded at recent session while its average daily volume was at 2.61M shares. Magnite Inc shares reached a high of $24.46 and dropped to a low of $23.25 until finishing in the latest session at $23.53.
The one-year MGNI stock forecast points to a potential downside of -4.9. The average equity rating for MGNI stock is currently 1.13, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Magnite Inc [MGNI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGNI shares is $22.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGNI stock is a recommendation set at 1.13. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Magnite Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 12, 2025. While these analysts kept the previous recommendation, Needham raised their target price from $17 to $20. The new note on the price target was released on December 05, 2024, representing the official price target for Magnite Inc stock. Previously, the target price had yet another raise to $22, while Scotiabank analysts kept a Sector Outperform rating on MGNI stock.
The Price to Book ratio for the last quarter was 4.49, with the Price to Cash per share for the same quarter was set at 3.05. Price to Free Cash Flow for MGNI in the course of the last twelve months was 12.93 with Quick ratio for the last quarter at 0.98.
MGNI Stock Performance Analysis:
Magnite Inc [MGNI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.45. With this latest performance, MGNI shares gained by 34.77% in over the last four-week period, additionally plugging by 46.15% over the last 6 months – not to mention a rise of 47.80% in the past year of trading.
Insight into Magnite Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Magnite Inc [MGNI] shares currently have an operating margin of 9.42% and a Gross Margin at 60.51%. Magnite Inc’s Net Margin is presently recorded at 4.58%.
Return on Equity for this stock inclined to 1.21%, with Return on Assets sitting at 1.21%.
Magnite Inc [MGNI] Institutonal Ownership Details
There are presently around $96.08%, or 97.32% of MGNI stock, in the hands of institutional investors. The top three institutional holders of MGNI stocks are: VANGUARD GROUP INC with ownership of 12.96 million shares, which is approximately 9.2239%. BLACKROCK INC., holding 9.7 million shares of the stock with an approximate value of $$128.91 million in MGNI stocks shares; and BLACKROCK INC., currently with $$73.16 million in MGNI stock with ownership which is approximately 3.9164%.
