Magnite (MGNI)

• Market cap: $1.56B
• 1 day: -1.08%
• 5 days: 9.77%
• 1 month: -17.22%
• 3 months: -29.96%
• 6 months: -8.02%
• Year to date: -31.61%
• 1 year: 26.70%
• 5 years: 107.34%
• 10 years: -37.41%
• Sector: Communication Services
• Industry: Advertising Agencies

About: Magnite Inc is one of the supply-side platform providers, or SSP, in online advertising. The firm generate its revenue from the programmatic sale of CTV ad inventory, from mobile online sites and apps, and the remaining from websites accessed via computer.

Employees: 905

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

32% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 38

19% more capital invested

Capital invested by funds: $1.65B [Q3] → $1.96B (+$317M) [Q4]

11% more funds holding in top 10

Funds holding in top 10: 9 [Q3] → 10 (+1) [Q4]

3.3% more ownership

Funds ownership: 84.39% [Q3] → 87.68% (+3.3%) [Q4]

1% more funds holding

Funds holding: 278 [Q3] → 281 (+3) [Q4]

5% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 93

5% less call options, than puts

Call options by funds: $70.8M | Put options by funds: $74.9M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 27% upside
• Avg. target: $20 85% upside
• High target: $25 127% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Daniel Kurnos 25% 1-year accuracy 22 / 87 met price target	127% upside $25	Buy Reiterated	21 Apr 2025
Needham Laura Martin 48% 1-year accuracy 160 / 334 met price target	27% upside $14	Buy Reiterated	21 Apr 2025
Susquehanna Shyam Patil 40% 1-year accuracy 19 / 47 met price target	100% upside $22	Positive Maintained	27 Feb 2025