Magnite (MGNI)

• Market cap: $1.61B
• 1 day: -1.40%
• 5 days: -16.60%
• 1 month: -23.42%
• 3 months: -30.12%
• 6 months: -8.98%
• Year to date: -30.12%
• 1 year: 6.33%
• 5 years: 113.07%
• 10 years: -35.46%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

Fund manager confidence

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

34% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 38

18% more capital invested

Capital invested by funds: $1.67B [Q3] → $1.96B (+$297M) [Q4]

11% more funds holding in top 10

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

2.29% more ownership

Funds ownership: 85.38% [Q3] → 87.68% (+2.29%) [Q4]

1% more funds holding

Funds holding: 277 [Q3] → 281 (+4) [Q4]

3% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 94

5% less call options, than puts

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

Research analyst outlook

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

• Low target: $15 33% upside
• Avg. target: $21 82% upside
• High target: $25 122% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Benchmark Daniel Kurnos 53% 1-year accuracy 47 / 88 met price target	122% upside $25	Buy Reiterated	10 Mar 2025
Susquehanna Shyam Patil 53% 1-year accuracy 25 / 47 met price target	96% upside $22	Positive Maintained	27 Feb 2025
Needham Laura Martin 55% 1-year accuracy 178 / 325 met price target	78% upside $20	Buy Reiterated	27 Feb 2025
Wells Fargo Alec Brondolo 38% 1-year accuracy 5 / 13 met price target	33% upside $15	Equal-Weight Maintained	16 Jan 2025
RBC Capital Matthew Swanson 22% 1-year accuracy 9 / 41 met price target	96% upside $22	Outperform Maintained	3 Jan 2025