Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally.
Magnite stock last closed at $20.51, up 1.43% from the previous day, and has increased 112.54% in one year. It has overperformed other stocks in the Advertising Agencies industry by 1.44 percentage points. Magnite stock is currently +144.9% from its 52-week low of $8.38, and -3.66% from its 52-week high of $21.29.
At the moment, there are 140.69M MGNI shares outstanding. The market cap of MGNI is $2.89B. In the last 24 hours, 1.54M MGNI shares were traded.
How to Buy Magnite Stock
Wondering how to invest in Magnite stock? Here's how.
Decide where to buy Magnite stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Magnite stock.
Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
Fund your brokerage account: Select your method of payment and add your info.
Analyze Magnite stock: The Magnite ticker symbol is MGNI. Is Magnite stock a good investment? Should you buy shares of MGNI? How do MGNI's underlying business fundamentals look? Do top analysts think Magnite is a good buy? Why has MGNI's stock price moved recently? (Hint: Our stock market analysis website can help you understand if MGNI is a good stock to buy).
Make your MGNI buy order: Decide if you will purchase MGNI shares at the current market price or use a limit order to buy MGNI shares at a particular price.
Monitor your investment in MGNI: Create a watchlist to monitor your position in Magnite stock.
Step 1: Decide where to buy Magnite stock
You need an online brokerage account in order to access the NASDAQ market and buy MGNI shares.
A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Create a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal info so you are able to buy MGNI today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Analyze Magnite stock
After you have chosen the best place to buy Magnite stock, it's absolutely critical to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
Magnite stock quick numbers
MGNI Price
$20.51
1w %
14.17%
1y %
112.54%
5y %
100.29%
P/E
157.77x
P/B
3.98x
P/S
4.38x
PEG
1.94x
Revenue
$661.13M
Earnings
$17.29M
Fore. Rev. Growth
10%
Fore. Earn. Growth
81.32%
Market Cap
$2.89B
Next Earnings
Feb 26, 2025
Next Dividend
N/A
Magnite Due Diligence Checks
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis.
There are more short-term assets than short-term liabilities on the MGNI balance sheet.
There are more short-term assets than long-term liabilities on the MGNI balance sheet.
MGNI profit margin has gone up from -37.2% to 2.6% in the past year.
MGNI's operating cash flow of $209.59M allows it to safely service it's debt of $618.62M.
Negative Financial Indicators:
Total MGNI debt is higher than 5 years ago, relative to shareholder equity.
MGNI has a relatively high debt to equity ratio of 2.77.
MGNI earnings of $47.09M is not sufficient to cover its interest payments.
Is it a good time to buy MGNI stock, according to Wall Street analysts?
Out of 9 Equities analysts who monitor MGNI, the consensus analyst rating on MGNI is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest MGNI Analyst Forecasts
Tim Nollen, a top 16% analyst from Macquarie maintains MGNI with a buy rating and maintains their MGNI price target from $18.00 to $18.00, on Nov 8, 2024.
Daniel Kurnos, a top 4% analyst from Benchmark reiterates MGNI with a strong buy rating and maintains their MGNI price target from $21.00 to $21.00, on Oct 2, 2024.
Matthew Hedberg, a top 1% analyst from RBC Capital reiterates MGNI with a buy rating and maintains their MGNI price target from $19.00 to $19.00, on Sep 27, 2024.
Jason Kreyer, a top 25% analyst from Craig-Hallum maintains MGNI with a buy rating and maintains their MGNI price target from $20.00 to $20.00, on Aug 21, 2024.
You can dive deeper into what analysts are forecasting on the Magnite stock forecast page.
MGNI Technical Indicators
SMA10
18.93
SMA20
17.72
SMA50
17.02
SMA100
15.3
SMA200
14.04
MACD
1.06
MACD Signal
0.7
MACD Histogram
0.36
RSI
69.73
Stochastic %K
84.16
Stochastic %D
89.17
StochRSI %K
66.45
StochRSI %D
79.06
MGNI Growth Numbers
Last year, MGNI earnings were $17.29M. In the past three year, MGNI's earnings have gone up by 66.94% per year. This was faster than the Advertising Agencies industry average of 10.95%.
Last year, MGNI revenue was $661.13M. During the past five year, MGNI's revenue has gone up by 34.65% per year. This was faster than the Advertising Agencies industry average of 8.02%.
No, Magnite doesn't provide an income stream by paying out dividends.
What others are saying about MGNI
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Step 5: Make your MGNI buy order
You have two primary options:
Market order: A market order is an order to buy or sell a security at the best possible price. Market orders are mostly sufficient.
Limit order: A limit order allows you to buy or sell a security at a specific price (or better). If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open button and eToro will execute the order.
If you require more assistance investing in stocks on eToro, watch the how to video below:
As of Feb 12, 2025, it costs $20.51 to buy one share of Magnite stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.488 shares of MGNI.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.