Reading the tape
NASDAQ: MGNI
Magnite, Inc.
Communication Services · Advertising Agencies
Market Cap
$1.93B
52w High
$26.65
52w Low
$10.82
P/E
13.30
Volume
887.35K
Outstanding Shares
143.22M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 11.39%Revenue (TTM): 6.85%FCF (TTM): -18.88%P/FCF: 52nd pct
What changed
The stock rose 11.39% over the last year. Revenue grew 6.85% over the trailing twelve months. Operating margin moved from 7.65% to 13.69%. Free cash flow declined 18.88% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 13.69%. A decisive move in revenue — currently up 6.85% — would be the clearest signal to resolve the ambiguity.
Company profile
Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally.
CEOMichael G. Barrett
SectorCommunication Services
IndustryAdvertising Agencies
Employees905
IPO dateApr 2, 2014
Valuation
Forward P/E—
EV/EBITDA13.08
Enterprise value$2.04B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth5.87%
Gross margin62.66%▲2.28%vs FY2024
Operating margin13.69%▲79.09%vs FY2024
ROE15.68%▲428.60%vs FY2024
Analyst consensus
RatingBuy
Target price$18.00▲33.39%
18
Buy
9
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.11 · Revenue est $159.24M
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