At the time of writing, Magnite Inc [MGNI] stock is trading at $17.68, up 1.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MGNI shares have gain 6.00% over the last week, with a monthly amount glided 9.61%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Magnite Inc [NASDAQ: MGNI] stock has seen the most recent analyst activity on May 12, 2025, when Needham reiterated its Buy rating and also boosted its price target to $18 from $14. Previously, Needham reaffirmed its Buy rating on December 05, 2024, and elevated its price target to $20. On December 05, 2024, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $22 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $13 on October 29, 2024. Lake Street initiated its recommendation with a Buy and recommended $21 as its price target on July 25, 2024. Wolfe Research started tracking with a Outperform rating for this stock on July 16, 2024, and assigned it a price target of $16. In a note dated May 24, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $13 to $15.
For the past year, the stock price of Magnite Inc fluctuated between $8.22 and $21.29. Currently, Wall Street analysts expect the stock to reach $21.67 within the next 12 months. Magnite Inc [NASDAQ: MGNI] shares were valued at $17.68 at the most recent close of the market. An investor can expect a potential return of 22.57% based on the average MGNI price forecast.
Analyzing the MGNI fundamentals
According to Magnite Inc [NASDAQ:MGNI], the company’s sales were 674.62M for trailing twelve months, which represents an 4.32% jump. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.42 points at the first support level, and at 17.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.89, and for the 2nd resistance point, it is at 18.11.
Ratios To Look Out For
It is important to note that Magnite Inc [NASDAQ:MGNI] has a current ratio of 0.98. As well, the Quick Ratio is 0.98, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 3.70, the price to book ratio is 3.37 and price to earnings (TTM) ratio is 89.16.
Transactions by insiders
Recent insider trading involved ROBERT SPILLANE, Director, that happened on Jun 10 ’25 when 15000.0 shares were purchased. CHIEF LEGAL OFFICER, Saltz Aaron completed a deal on Jun 04 ’25 to sell 15328.0 shares. Meanwhile, President, Operations Evans Katie Seitz sold 35000.0 shares on Jun 05 ’25.
