Magnite Inc [MGNI] stock prices are up 1.96% to $16.68 at the moment. 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 8.59% over the last week, with a monthly amount glided 39.70%, 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.
The stock price of Magnite Inc [MGNI] has been fluctuating between $8.22 and $21.29 over the past year. Currently, Wall Street analysts expect the stock to reach $21.25 within the next 12 months. Magnite Inc [NASDAQ: MGNI] shares were valued at $16.68 at the most recent close of the market. An investor can expect a potential return of 27.4% based on the average MGNI price forecast.
Analyzing the MGNI fundamentals
The Magnite Inc [NASDAQ:MGNI] reported sales of 674.62M for trailing twelve months, representing a surge of 4.32%. 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 16.24 points at the first support level, and at 15.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.93, and for the 2nd resistance point, it is at 17.18.
Ratios To Look Out For
It’s worth pointing out that Magnite Inc [NASDAQ:MGNI]’s Current Ratio is 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 3.49, the price to book ratio is 3.18 and price to earnings (TTM) ratio is 84.11.
Transactions by insiders
Recent insider trading involved Buonasera David, CHIEF TECHNOLOGY OFFICER, that happened on May 27 ’25 when 8742.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Buonasera David completed a deal on May 23 ’25 to sell 3653.0 shares. Meanwhile, Officer DAVID BUONASERA bought 8742.0 shares on May 27 ’25.
