Magnite (NASDAQ:MGNI) Insider Sean Patrick Buckley Sells 4,426 Shares

Magnite, Inc. (NASDAQ:MGNI) insider Sean Patrick Buckley sold 4,426 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $13.36, for a total transaction of $59,131.36. Following the sale, the insider directly owned 271,125 shares of the company’s stock, valued at $3,622,230. The trade was a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sean Patrick Buckley also recently made the following trade(s):

• On Monday, September 8th, Sean Patrick Buckley sold 20,000 shares of Magnite stock. The stock was sold at an average price of $25.56, for a total value of $511,200.00.

Magnite Stock Performance

Shares of MGNI opened at $13.40 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. Magnite, Inc. has a 12 month low of $8.22 and a 12 month high of $26.65. The firm has a market cap of $1.92 billion, a PE ratio of 46.21, a P/E/G ratio of 1.42 and a beta of 3.13. The stock has a fifty day moving average price of $19.31 and a 200-day moving average price of $20.23.

Magnite (NASDAQ:MGNI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $179.49 million for the quarter, compared to analyst estimates of $163.29 million. Magnite had a net margin of 6.30% and a return on equity of 8.07%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. Magnite has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that Magnite, Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Magnite

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Magnite by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 13,743,521 shares of the company’s stock valued at $156,814,000 after buying an additional 138,417 shares in the last quarter. Lisanti Capital Growth LLC lifted its holdings in Magnite by 155.8% during the second quarter. Lisanti Capital Growth LLC now owns 368,015 shares of the company’s stock valued at $8,877,000 after purchasing an additional 224,160 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Magnite by 7.2% in the second quarter. Harbor Capital Advisors Inc. now owns 634,147 shares of the company’s stock valued at $15,296,000 after purchasing an additional 42,834 shares during the period. Maestria Partners LLC increased its stake in shares of Magnite by 36.3% during the second quarter. Maestria Partners LLC now owns 1,434,317 shares of the company’s stock worth $34,596,000 after purchasing an additional 382,000 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Magnite by 105.7% during the 1st quarter. HighTower Advisors LLC now owns 42,271 shares of the company’s stock worth $482,000 after purchasing an additional 21,720 shares during the last quarter. 73.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MGNI. Wells Fargo & Company cut their price target on shares of Magnite from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Magnite in a report on Thursday, November 6th. Benchmark raised their target price on shares of Magnite from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Susquehanna upped their price target on shares of Magnite from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magnite in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.20.

Magnite Company Profile

Magnite, Inc, together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company’s platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.