Sei Investments Co. Grows Stock Holdings in Magnite, Inc. $MGNI

Sei Investments Co. lifted its position in Magnite, Inc. (NASDAQ:MGNI) by 65.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 350,862 shares of the company’s stock after buying an additional 139,325 shares during the quarter. Sei Investments Co.’s holdings in Magnite were worth $4,168,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Magnite by 106.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,783 shares of the company’s stock valued at $45,000 after acquiring an additional 1,949 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Magnite by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,983,674 shares of the company’s stock worth $47,322,000 after purchasing an additional 367,854 shares in the last quarter. Swiss National Bank lifted its position in shares of Magnite by 1.3% during the first quarter. Swiss National Bank now owns 284,300 shares of the company’s stock worth $3,377,000 after purchasing an additional 3,600 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Magnite in the first quarter valued at approximately $687,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Magnite by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 41,766 shares of the company’s stock valued at $492,000 after purchasing an additional 4,304 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.

Wall Street Analysts Forecast Growth

MGNI has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Magnite in a report on Thursday, April 16th. B. Riley Financial increased their target price on shares of Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company raised their price target 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. BTIG Research boosted their price target on shares of Magnite from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Benchmark upped their price objective on Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.20.

Magnite Stock Up 17.7%

Shares of NASDAQ MGNI opened at $24.32 on Friday. The business has a 50-day moving average of $18.48 and a two-hundred day moving average of $14.87. 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 company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.26. Magnite, Inc. has a 1 year low of $10.82 and a 1 year high of $26.65.

Magnite (NASDAQ:MGNI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $192.82 million for the quarter, compared to analyst estimates of $179.15 million. Magnite had a return on equity of 9.47% and a net margin of 22.49%.The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. On average, analysts forecast that Magnite, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Sean Patrick Buckley sold 19,233 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $19.00, for a total transaction of $365,427.00. Following the completion of the sale, the insider owned 373,514 shares in the company, valued at $7,096,766. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David T. Pearson sold 10,766 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $15.65, for a total value of $168,487.90. Following the sale, the director directly owned 79,001 shares of the company’s stock, valued at approximately $1,236,365.65. This represents a 11.99% 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 sold 491,639 shares of company stock worth $8,676,734. 3.20% of the stock is currently owned by insiders.

Trending Headlines about Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Q2 results exceeded expectations: Magnite reported $192.8 million in revenue, up 11% year over year, and non-GAAP EPS of $0.26 versus the $0.25 consensus estimate. Contribution ex-TAC reached $189.6 million, above the company’s $177 million-$181 million target range. Magnite Reports Second Quarter 2026 Results
• Positive Sentiment: CTV remained the key growth engine: CTV contribution ex-TAC rose 36% year over year to $97.1 million, while DV+ returned to growth with a 2% increase. Adjusted EBITDA climbed 30% to $70.6 million, producing a 37% margin, and operating cash flow was $57.4 million. Magnite Results Put CTV Growth In Focus
• Positive Sentiment: Management raised its outlook: Full-year contribution ex-TAC growth is now expected at 13%-14%, up from at least 11%. Magnite also lifted its adjusted EBITDA growth forecast to above 20%, its margin target to at least 37% and free-cash-flow growth outlook to the high-40% range. Third-quarter contribution ex-TAC guidance of $188 million-$192 million is above the roughly $185.2 million analyst estimate. Magnite Raises Full-Year 2026 Outlook
• Positive Sentiment: Analyst support strengthened: Rosenblatt raised its price target to $40 and kept a buy rating; Susquehanna increased its target to $30 with a positive rating; and B. Riley lifted its target to $27 and maintained a buy rating. These revisions reinforced the market’s favorable interpretation of the earnings report. Magnite Analysts Boost Their Forecasts
• Neutral Sentiment: Magnite’s rally occurred amid mixed trading across ad-tech stocks, suggesting investors are differentiating between companies with strong execution and those facing weaker results. The stock’s elevated beta and proximity to its 52-week high could contribute to increased volatility. Ad-Tech Stocks Move in Opposite Directions

Magnite Company Profile

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).