Magnite (MGNI) Expected to Announce Quarterly Earnings on Wednesday

Magnite (NASDAQ:MGNI) is anticipated to release its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Magnite to announce earnings of $0.2484 per share and revenue of $179.1610 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 4:30 PM ET.

Magnite (NASDAQ:MGNI) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The business had revenue of $164.37 million during the quarter, compared to analysts’ expectations of $159.24 million. During the same period last year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect Magnite to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Magnite Stock Performance

Shares of NASDAQ MGNI opened at $19.57 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 0.98 and a beta of 2.26. The stock’s fifty day moving average price is $17.98 and its two-hundred day moving average price is $14.72. Magnite has a one year low of $10.82 and a one year high of $26.65.

Insider Transactions at Magnite

In related news, insider Sean Patrick Buckley sold 19,233 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $19.00, for a total value of $365,427.00. Following the transaction, the insider owned 373,514 shares in the company, valued at approximately $7,096,766. This trade represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas S. Knopper sold 37,337 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $18.10, for a total value of $675,799.70. Following the completion of the transaction, the director directly owned 125,810 shares of the company’s stock, valued at approximately $2,277,161. This trade represents a 22.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 491,639 shares of company stock worth $8,676,734. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Magnite

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Magnite by 67.7% in the 4th quarter. Wellington Management Group LLP now owns 8,629,238 shares of the company’s stock valued at $140,053,000 after buying an additional 3,484,689 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Magnite by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,615,820 shares of the company’s stock worth $58,687,000 after acquiring an additional 48,566 shares during the period. Nuveen LLC boosted its position in shares of Magnite by 14.2% during the 4th quarter. Nuveen LLC now owns 3,531,108 shares of the company’s stock worth $57,310,000 after acquiring an additional 439,072 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Magnite by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 3,434,062 shares of the company’s stock worth $55,744,000 after acquiring an additional 34,969 shares in the last quarter. Finally, State Street Corp increased its stake in Magnite by 0.5% in the fourth quarter. State Street Corp now owns 3,141,991 shares of the company’s stock valued at $50,995,000 after acquiring an additional 15,201 shares during the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MGNI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Magnite from $15.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Magnite in a research report on Thursday, May 28th. Scotiabank lifted their price objective on shares of Magnite from $16.00 to $17.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Magnite in a report on Thursday, April 16th. Finally, BTIG Research assumed coverage on shares of Magnite in a research report on Tuesday, June 9th. They set a “buy” rating and a $20.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Magnite has a consensus rating of “Moderate Buy” and a consensus target price of $24.56.

About Magnite

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).