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 $17.10, down 2.95% from the previous day, and has increased 23.29% in one year. It has overperformed other stocks in the Advertising Agencies industry by 0.69 percentage points. Magnite stock is currently +108.03% from its 52-week low of $8.22, and -19.68% from its 52-week high of $21.29.
At the moment, there are 141.11M MGNI shares outstanding. The market cap of MGNI is $2.41B. In the last 24 hours, 1.99M 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.
Our preferred brokerage: eToro
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Open eToro AccountStep 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.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
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.
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
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 undervalued based on its P/E ratio of 77.73x, relative to Advertising Agencies industry P/E ratio of -9.75x
- MGNI may be overvalued based on its P/B ratio of 3.25x, relative to Advertising Agencies industry P/B ratio of 2.55x
- MGNI may be overvalued based on its PEG ratio of 1.41x
You can access more valuation analysis on MGNI's stock here.
MGNI Financial Health
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the MGNI balance sheet.
- MGNI's operating cash flow of $298.17M allows it to safely service it's debt of $616.56M.
- MGNI profit margin has gone up from -12.2% to 4.6% in the past year.
Negative Financial Indicators:
- MGNI has a relatively high debt to equity ratio of 2.61.
- Total MGNI debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the MGNI balance sheet.
- MGNI earnings of $65.81M is not sufficient to cover its interest payments.
Is it a good time to buy MGNI stock, according to Wall Street analysts?
Out of 8 Equities analysts who monitor MGNI, the consensus analyst rating on MGNI is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest MGNI Analyst Forecasts
Shyam Patil, a top 6% analyst from Susquehanna maintains MGNI with a strong buy rating and raises their MGNI price target from $16.00 to $22.00, on Feb 27, 2025.
Susquehanna's Shyam Patil raised their price target on Magnite (NASDAQ: MGNI) by 37.5% from $16 to $22 on 2025/02/27. The analyst maintained their Strong Buy rating on the stock.
Magnite reported its Q4 and FY 2024 earnings.
Patil summarized the results by saying that Magnite's CTV continued to perform well, offset by near-term headwinds in its DV+ segment that adversely impacted the quarter.
The analyst added that management's guidance was "solid," with CTV expected to continue to be a growth driver in 2025.
Earnings Report
Magnite reported:
For Q4 2024:
- EPS of $0.34, which beat Q4 2023's $0.29.
- Revenue of $180.2M, which beat Q4 2023's $165.3M.
For FY 2024:
- EPS of $0.71, up from FY 2023's $0.54.
- Revenue of $606.9, up from FY 2023's $549.1M.
Management guided:
For Q1 2025:
- Revenue of $140M to $144M.
For FY 2025:
- 10% revenue growth.
CEO Michael G. Barrett commented: “CTV performed well above expectations based on strength from our partnerships with many of the largest industry players.
"Our DV+ business grew modestly in Q4 due to marketers pausing campaigns after the election, but has rebounded since the start of 2025 and resumed growth in the mid-to-high single digits.
"We are very encouraged with partner and agency traction to start 2025, and have also made strides to improve efficiency across our business.
“We look forward to a solid growth year in 2025, despite a mixed ad spend environment and political comps.
"We continue to balance top-line growth and profitability to drive free cash flow, which is reflected in our outlook for 2025.
"Key areas of investment will be live sports, ClearLine, agency marketplaces, curation, AI and overall platform efficiency.”
Alec Brondolo, a top 36% analyst from Wells Fargo maintains MGNI with a hold rating and raises their MGNI price target from $13.00 to $15.00, on Jan 16, 2025.
Shweta Khajuria, a top 21% analyst from Wolfe Research maintains MGNI with a buy rating and raises their MGNI price target from $14.00 to $19.00, on Jan 3, 2025.
You can dive deeper into what analysts are forecasting on the Magnite stock forecast page.
MGNI Technical Indicators
MGNI Growth Numbers
Last year, MGNI revenue was $674.62M. In the past five year, MGNI's revenue has gone up by 33.3% per year. This was faster than the Advertising Agencies industry average of 4.64%.
You can research MGNI's earnings and revenue performance here.
What are MGNI executives and large shareholders up to?
In the past 12 months, executives and large shareholders at MGNI have sold more shares than they have bought.
Robert F. Spillane, Director of MGNI, was the latest MGNI insider to sell. They sold $263,550.00 worth of MGNI stock on Jun 10, 2025.
Research more about who owns MGNI shares here.
Can I get consistent income from MGNI stock?
No, Magnite doesn't provide an income stream by paying out dividends.
MGNI Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your MGNI buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables 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 price limit, place a limit order.
Press the Open Trade button and your broker will place your order.
If you require additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in MGNI
Now that you own some MGNI shares, you'll want to keep up with your investment.
Make a watchlist to keep tabs on your MGNI stock.
MGNI Feed
How to Buy Stock in Magnite
To summarize, here are the 6 steps for buying Magnite stock:
- Decide where to buy Magnite stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Magnite stock
- Make your MGNI buy order
- Monitor your investment in MGNI
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Magnite, create your watchlist below.
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