In Wednesday’s Wall Street session, Magnite Inc (NASDAQ:MGNI) shares traded at $23.69, up 0.68% from the previous session.
MGNI stock price is now 36.41% away from the 50-day moving average and 54.84% away from the 200-day moving average. The market capitalization of the company currently stands at $3.34B.
With the price target enhanced from $14 to $18, Needham maintained Buy rating for Magnite Inc (NASDAQ: MGNI). On December 05, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $17 to quote $20, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Soroca Adam Lee, CHIEF PRODUCT OFFICER sold 42,584 shares of the company’s stock on Jul 03 ’25. The stock was sold for $1,064,600 at an average price of $25.00. Upon completion of the transaction, the CHIEF PRODUCT OFFICER now directly owns 366,672 shares in the company, valued at $8.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03 ’25, Officer ADAM L SOROCA bought 42,584 shares of the business’s stock. A total of $1,064,600 was incurred on buying the stock at an average price of $25.00. A total of 2.70% of the company’s stock is owned by insiders.
During the past 12 months, Magnite Inc has had a low of $8.22 and a high of $25.27. As of last week, the company has a debt-to-equity ratio of 0.83, a current ratio of 0.98, and a quick ratio of 0.98. The fifty day moving average price for MGNI is $17.3672 and a two-hundred day moving average price translates $15.2994 for the stock.
The latest earnings results from Magnite Inc (NASDAQ: MGNI) was released for 2025-03-31. The net profit margin was 4.58% and return on equity was 4.30% for MGNI. The company reported revenue of $155.77 million for the quarter, compared to $149.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.32 percent.
