Latest news with #MGNI
Business Insider
4 days ago
- Business
- Business Insider
Magnite (MGNI) Receives a Buy from Bank of America Securities
Bank of America Securities analyst Omar Dessouky maintained a Buy rating on Magnite (MGNI – Research Report) yesterday and set a price target of $22.00. The company's shares closed yesterday at $18.82. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Dessouky is a 5-star analyst with an average return of 32.1% and a 62.75% success rate. Dessouky covers the Communication Services sector, focusing on stocks such as Magnite, Take-Two, and Roblox. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Magnite with a $19.25 average price target. The company has a one-year high of $21.29 and a one-year low of $8.22. Currently, Magnite has an average volume of 2.47M. Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGNI in relation to earlier this year. Earlier this month, Robert Spillane, a Director at MGNI sold 15,000.00 shares for a total of $263,550.00.
Yahoo
11-06-2025
- Business
- Yahoo
MGNI Q1 Earnings Call: Product Innovation and Google Antitrust Developments Shape Outlook
Digital advertising platform Magnite (NASDAQ:MGNI) missed Wall Street's revenue expectations in Q1 CY2025 as sales rose 4.3% year on year to $155.8 million. Its non-GAAP profit of $0.12 per share was significantly above analysts' consensus estimates. Is now the time to buy MGNI? Find out in our full research report (it's free). Revenue: $155.8 million vs analyst estimates of $159.9 million (4.3% year-on-year growth, 2.6% miss) Adjusted EPS: $0.12 vs analyst estimates of $0.06 (significant beat) Adjusted EBITDA: $36.8 million vs analyst estimates of $30.43 million (23.6% margin, 20.9% beat) Operating Margin: -0.9%, up from -9.3% in the same quarter last year Market Capitalization: $2.46 billion Magnite's first quarter performance was influenced by continued expansion in connected TV (CTV) advertising and a rebound in its digital video (DV+) segment. Management credited growth to deeper partnerships with leading streaming platforms and the rollout of new programmatic tools. CEO Michael Barrett highlighted the launch of the next-generation SpringServe platform, describing it as a unified solution that streamlines premium ad buying and supply for both buyers and media owners. The quarter also benefited from increased live sports streaming and advancements in AI-powered audience curation, which improved the efficiency and targeting of campaigns across the platform. Looking ahead, Magnite's outlook is shaped by product investments, anticipated industry changes from the Google antitrust case, and macroeconomic uncertainty related to tariffs. Management emphasized that behavior or structural remedies arising from the court's ruling could quickly level the competitive landscape in digital advertising. CFO David Day noted that improvements in operational efficiency and ongoing investments in hybrid infrastructure are expected to drive margin expansion in future periods. While management remains cautious due to potential dampening in certain advertiser verticals, Barrett stated, 'We are highly encouraged by the Court's initial ruling on liability and believe it will be highly beneficial for the open Internet.' Management cited new product launches, deepening media partnerships, and industry developments as key drivers of quarterly results and future expectations. SpringServe platform launch: Magnite introduced the next generation of its SpringServe platform, integrating ad serving and programmatic capabilities to offer buyers more efficient access to inventory and publishers streamlined operations. This differentiation aims to strengthen Magnite's position as CTV ad budgets grow. CTV partnership growth: The company deepened relationships with major streaming platforms such as Roku, LG, Netflix, and Warner Bros. Discovery. Notably, Netflix expanded its programmatic advertising globally, with Magnite playing a central role in the ad stack, which management expects will significantly contribute to revenue. Live sports expansion: Live events remain a top priority, with Magnite's Livestream acceleration technology supporting nearly 20 partners. The NCAA basketball tournament and expansion into international sports, including FIFA+ and Champions League, were highlighted as drivers of increased ad spend. AI and curation investments: Magnite continued developing AI-driven tools for audience discovery and campaign optimization. The company's AI-powered audience discovery feature within its Curator product is gaining traction, and management anticipates further benefits from integrating generative AI and large language models (LLMs) into CTV inventory targeting. Google antitrust ruling: The recent court finding against Google for monopolistic practices in its ad server and exchange businesses presents a potential catalyst. Management estimates that even small increases in market share from Google could have an outsized impact on Magnite's revenue and margins, given the high incremental profitability of additional ad auction wins. Magnite's guidance is shaped by macroeconomic uncertainty, expected regulatory changes, and continued investment in CTV and AI capabilities. Regulatory impact from Google antitrust: Management believes that remedies resulting from the Google antitrust case—especially behavioral changes—could shift market share rapidly. Even a modest gain could significantly boost Magnite's revenue due to high operating leverage in its platform. CTV and live sports momentum: The company expects continued growth in CTV advertising, fueled by new product features, expanding partnerships with major streamers, and increasing ad budgets for live sports. The general availability of the new SpringServe platform is anticipated to further differentiate Magnite from competitors and attract more agency and publisher demand. Tariff and macro headwinds: Management remains cautious about potential softness in key advertiser verticals such as automotive, retail, and travel due to tariff-related economic uncertainty. While no material slowdown has materialized yet, guidance reflects the risk of a more challenging ad market environment in the second half of the year. In upcoming quarters, we will closely monitor (1) the adoption rate and client feedback on the new SpringServe platform, (2) any regulatory developments or early market share shifts stemming from the Google antitrust case, and (3) the resilience of CTV and live sports ad budgets amid ongoing macroeconomic and tariff-related uncertainty. Execution on AI-driven product enhancements will also be a key signpost for Magnite's competitive positioning. Magnite currently trades at a forward P/E ratio of 19.5×. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
10-05-2025
- Business
- Yahoo
Why Magnite, Inc. (MGNI) Skyrocketed This Week
We recently published a list of . In this article, we are going to take a look at where Magnite, Inc. (NASDAQ:MGNI) stands against other stocks that moved the market this week. The stock market edged lower week-on-week, as cautious investors repositioned their portfolios ahead of the United States and China's high-stakes negotiations on trade policies that have for months dented global economies. On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent. Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week's trading. In this article, we name the 10 top-performing companies this week and the primary reasons that bolstered their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a week earlier, or on May 2. A marketing manager examining a publisher's digital inventory on a laptop. Shares of Magnite Inc. rallied by 24.69 percent in just a week's trading, ending at $15.10 last Friday from the $12.11 close a week earlier, with the boost primarily driven by its strong earnings performance in the first quarter of the year. On Wednesday, Magnite, Inc. (NASDAQ:MGNI) said it narrowed its net loss by 46 percent to $9.6 million from the $17.8 million registered in the same period a year earlier. Revenues improved by 4 percent to $155.8 million from $149.3 million year-on-year. Despite the strong figures, the company remained cautious about its business outlook for the rest of the year amid the potential impact of the ongoing market uncertainties on its business. However, Magnite, Inc. (NASDAQ:MGNI) CEO Michael Barrett said that the firm was banking on the antitrust ruling against Google's alleged monopoly of the markets for publisher ad servers and ad exchanges, and by illegally tying its ad server to its ad exchange. 'This ruling and its ensuing remedies have the potential to radically transform the open internet and create a more level playing field, which could significantly increase our monetization opportunities and market share, possibly as soon as next year,' Barrett said. Magnite, Inc. (NASDAQ:MGNI) is a US-based advertising technology company that was formed following a merger between Rubicon Project and Telaria. Overall, MGNI ranks 10th on our list of stocks that moved the market this week. While we acknowledge the potential of MGNI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MGNI but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
29-04-2025
- Business
- Business Insider
Rosenblatt Securities Initiates a Buy Rating on Magnite (MGNI)
In a report released today, Barton Crockett from Rosenblatt Securities initiated coverage with a Buy rating on Magnite (MGNI – Research Report) and a price target of $18.00. The company's shares closed today at $12.35. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Crockett covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Comcast, and Stagwell. According to TipRanks, Crockett has an average return of 4.9% and a 53.01% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Magnite with a $19.67 average price target. Based on Magnite's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $193.97 million and a net profit of $36.41 million. In comparison, last year the company earned a revenue of $186.93 million and had a net profit of $30.91 million Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGNI in relation to earlier this year. Last month, Brian Gephart, the CAO of MGNI sold 6,250.00 shares for a total of $100,000.00.
