Universal Beteiligungs und Servicegesellschaft mbH Buys 13,652 Shares of Magnite, Inc. $MGNI

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Magnite, Inc. (NASDAQ:MGNI) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 614,317 shares of the company’s stock after buying an additional 13,652 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.43% of Magnite worth $14,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Magnite by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 13,743,521 shares of the company’s stock worth $156,814,000 after acquiring an additional 138,417 shares in the last quarter. Boston Partners grew its stake in Magnite by 5.7% in the second quarter. Boston Partners now owns 5,574,604 shares of the company’s stock worth $133,037,000 after purchasing an additional 298,248 shares during the period. Nuveen LLC bought a new position in Magnite in the first quarter worth $41,036,000. Geode Capital Management LLC lifted its position in Magnite by 6.0% during the second quarter. Geode Capital Management LLC now owns 3,216,842 shares of the company’s stock valued at $77,597,000 after buying an additional 183,414 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Magnite by 855.2% during the 1st quarter. American Century Companies Inc. now owns 2,961,009 shares of the company’s stock valued at $33,785,000 after buying an additional 2,651,033 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MGNI shares. Benchmark lifted their price target on shares of Magnite from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Susquehanna lifted their target price on shares of Magnite from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, August 7th. Scotiabank reissued an “outperform” rating and issued a $30.00 price target (up from $22.00) on shares of Magnite in a research report on Thursday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $39.00 price objective on shares of Magnite in a research report on Thursday, November 6th. Finally, Wells Fargo & Company dropped their target price on Magnite from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Magnite has an average rating of “Moderate Buy” and an average target price of $26.20.

Insider Buying and Selling at Magnite

In other news, insider Adam Lee Soroca sold 24,986 shares of Magnite stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $24.69, for a total value of $616,904.34. Following the completion of the sale, the insider directly owned 346,393 shares in the company, valued at $8,552,443.17. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sean Patrick Buckley sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $25.56, for a total transaction of $511,200.00. Following the transaction, the insider directly owned 307,193 shares of the company’s stock, valued at $7,851,853.08. The trade was a 6.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 192,849 shares of company stock worth $4,633,030. 4.30% of the stock is owned by company insiders.

Magnite Stock Performance

MGNI stock opened at $13.53 on Thursday. The stock’s 50 day simple moving average is $19.11 and its 200 day simple moving average is $20.19. 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 stock has a market capitalization of $1.94 billion, a PE ratio of 46.66, a price-to-earnings-growth ratio of 1.42 and a beta of 3.13.

Magnite (NASDAQ:MGNI) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Magnite had a return on equity of 8.07% and a net margin of 6.30%.The firm had revenue of $179.49 million during the quarter, compared to analysts’ expectations of $163.29 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. Magnite has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Magnite, Inc. will post 0.33 earnings per share for the current fiscal year.

About Magnite

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.