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Upturn stock rating
MGNI logo

Magnite Inc (MGNI)

Upturn stock rating
$17.88
Last Close (24-hour delay)
upturn advisory
PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/17/2025: MGNI (5-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Outstanding Performance

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Number of Analysts

rating

13 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $28.04

1 Year Target Price $28.04

Analysts Price Target For last 52 week
$28.04 Target price
52w Low $8.22
Current$17.88
52w High $26.65

Analysis of Past Performance

Type Stock
Historic Profit 63.69%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/17/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.61B USD
Price to earnings Ratio 59.6
1Y Target Price 28.04
Price to earnings Ratio 59.6
1Y Target Price 28.04
Volume (30-day avg) 13
Beta 3.02
52 Weeks Range 8.22 - 26.65
Updated Date 10/18/2025
52 Weeks Range 8.22 - 26.65
Updated Date 10/18/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.3

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 6.3%
Operating Margin (TTM) 12.67%

Management Effectiveness

Return on Assets (TTM) 1.7%
Return on Equity (TTM) 5.82%

Valuation

Trailing PE 59.6
Forward PE 14.58
Enterprise Value 3058277016
Price to Sales(TTM) 3.81
Enterprise Value 3058277016
Price to Sales(TTM) 3.81
Enterprise Value to Revenue 4.46
Enterprise Value to EBITDA 23.3
Shares Outstanding 142399305
Shares Floating 140489730
Shares Outstanding 142399305
Shares Floating 140489730
Percent Insiders 1.38
Percent Institutions 113.46

ai summary icon Upturn AI SWOT

Magnite Inc

stock logo

Company Overview

overview logo History and Background

Magnite Inc. was formed in 2020 through the merger of Rubicon Project and Telaria. Rubicon Project, founded in 2007, pioneered advertising automation, while Telaria focused on connected TV (CTV) advertising. The merger created the world's largest independent sell-side advertising platform.

business area logo Core Business Areas

  • Sell-Side Platform: Magnite operates a sell-side platform (SSP) that enables publishers and media owners to manage and monetize their advertising inventory across various channels, including display, video, mobile, and connected TV (CTV).
  • Connected TV (CTV): A significant portion of Magnite's business is focused on CTV advertising, providing solutions for publishers and advertisers to buy and sell inventory in the rapidly growing CTV space.

leadership logo Leadership and Structure

Michael G. Barrett is the CEO. The company has a board of directors overseeing its operations. Its organizational structure is divided into technology, sales, marketing, and finance departments.

Top Products and Market Share

overview logo Key Offerings

  • Magnite SSP: The core product, enabling publishers to monetize inventory across various formats. The market share is fragmented, but Magnite is a leading independent player. Competitors include Google Ad Manager, PubMatic, and Xandr. Revenue from this core product makes up a significant portion of Magnite's total revenue.
  • Demand Manager: A product designed to help publishers manage their direct deals and private marketplaces. Precise market share data is unavailable, but it complements the SSP offering. Competitors include Google Ad Manager.

Market Dynamics

industry overview logo Industry Overview

The advertising technology industry is dynamic and competitive, with increasing demand for programmatic advertising, especially in CTV. Consolidation is a trend.

Positioning

Magnite is positioned as an independent SSP, offering a neutral platform for publishers. Its focus on CTV gives it a competitive edge.

Total Addressable Market (TAM)

The global digital advertising market is projected to reach hundreds of billions of dollars. CTV represents a rapidly growing portion of this, with estimates varying based on sources. Magnite is positioned to capture a significant share of the SSP market by focusing on premium video.

Upturn SWOT Analysis

Strengths

  • Independent SSP
  • CTV Expertise
  • Strong Publisher Relationships
  • Technology Platform

Weaknesses

  • Reliance on Third-Party Data
  • Integration Complexity
  • Smaller Scale Compared to Google
  • Dependence on the broader advertising market

Opportunities

  • CTV Growth
  • Data Privacy Solutions
  • Expanding into New Geographies
  • Further platform innovation

Threats

  • Increased Competition
  • Data Privacy Regulations
  • Economic Downturn
  • Changes in Advertising Ecosystem (e.g., cookie deprecation)

Competitors and Market Share

competitor logo Key Competitors

  • GOOG
  • PUBM
  • MGNI

Competitive Landscape

Magnite competes with large, established players. It benefits from its independence and CTV focus, but faces scale disadvantages.

Major Acquisitions

SpotX

  • Year: 2021
  • Acquisition Price (USD millions): 1170
  • Strategic Rationale: Expanded Magnite's CTV footprint and capabilities.

SpringServe

  • Year: 2021
  • Acquisition Price (USD millions): 31
  • Strategic Rationale: Helped to enhance Magnite's ad serving capabilities.

Growth Trajectory and Initiatives

Historical Growth: Magnite has grown through acquisitions and organic expansion, especially in CTV.

Future Projections: Analyst projections vary but generally anticipate continued growth, particularly in CTV. Estimates change rapidly based on market conditions.

Recent Initiatives: Recent initiatives include platform enhancements, strategic partnerships, and continued focus on CTV solutions.

Summary

Magnite, formed through a merger and acquisitions, is a key player in the ad tech space, particularly in the growing CTV market. Its independence is a strength, but it faces fierce competition from larger companies like Google. Growth is expected to continue, although its profitability fluctuates with market conditions. Strategic initiatives and a focus on CTV are crucial for future success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Analyst Reports
  • Industry Publications

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market conditions can change rapidly.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Magnite Inc

Exchange NASDAQ
Headquaters New York, NY, United States
IPO Launch date 2014-04-02
CEO & Director Mr. Michael G. Barrett
Sector Communication Services
Industry Advertising Agencies
Full time employees 905
Full time employees 905

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 for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.