How to Buy Magnite Stock

Magnite Inc

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.

  1. 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.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Select your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

Our preferred brokerage: eToro

We believe that eToro is the best brokerage. eToro gives you:

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  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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Get $10 towards your share purchase by signing up for an account with eToro now.

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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.

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  2. Input your personal details to start a new trading account.
  1. Submit your details by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you have filled out your info on mobile trading apps, you need to deposit funds:

Check out the video below if you need help transferring money into your new brokerage account.

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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.

You can see all of the due diligence checks on MGNI's stock page.

Is MGNI stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge MGNI's intrinsic value.

Using relative valuations methods:

  • MGNI could be overvalued based on its P/E ratio of 157.77x, relative to Advertising Agencies industry P/E ratio of 31.47x
  • MGNI may be overvalued based on its P/B ratio of 3.98x, relative to Advertising Agencies industry P/B ratio of 3.16x
  • MGNI may be overvalued based on its PEG ratio of 1.94x

You can access more valuation analysis on MGNI's stock here.

MGNI Financial Health

Positive Financial Indicators:

  • 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%.

Learn more about MGNI's earnings and revenue performance here.

Latest Insiders Trades at MGNI

In the last 12 months, insiders at MGNI have sold more shares than they have bought.

Paul Caine, Director of MGNI, was the latest MGNI insider to sell. They sold $101,750.00 worth of MGNI shares on Feb 10, 2025.

Learn more about who owns MGNI shares here.

Does MGNI provide a stable income stream?

No, Magnite doesn't provide an income stream by paying out dividends.

What others are saying about MGNI

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other traders have to say.

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:

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Step 6: Monitor your investment in MGNI

Now that you own some shares in MGNI, you'll want to stay up-to-date on your stock purchase.

Start a watchlist to see the latest developments about your MGNI stock.

MGNI Feed

How to Buy Stock in Magnite

To summarize, here are the 6 steps to buy Magnite stock:

  1. Decide where to buy Magnite stock
  2. Create a brokerage account
  3. Fund your brokerage account
  4. Analyze Magnite stock
  5. Make your MGNI buy order
  6. Monitor your investment in MGNI

If you are looking for a brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your new investment in Magnite, hit the button below to create your watchlist.

NASDAQ: MGNI
$20.51+0.29 (+1.43%)
Updated Feb 12, 2025
Open eToro Account
Your capital is at risk.
NASDAQ: MGNI
$20.51+0.29 (+1.43%)
Updated Feb 12, 2025
Open eToro Account
Your capital is at risk.

FAQ

How much does it cost to buy one Magnite share?

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.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Magnite stock?

According to 9 Wall Street analysts who monitor Magnite, their consensus recommendation is to buy Magnite stock.

What is the best way to buy Magnite stock?

One way to place an order for Magnite stock is with a brokerage account.
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.