Magnite, Inc. $MGNI Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Magnite, Inc. (NASDAQ:MGNI) by 8.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,654,432 shares of the company’s stock after buying an additional 1,092,147 shares during the quarter. Vanguard Group Inc. owned 0.10% of Magnite worth $319,174,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Magnite by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 1,209,413 shares of the company’s stock worth $26,341,000 after purchasing an additional 271,325 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Magnite during the 3rd quarter valued at about $2,057,000. PNC Financial Services Group Inc. raised its stake in Magnite by 45.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock worth $53,000 after acquiring an additional 755 shares during the period. Homestead Advisers Corp acquired a new position in Magnite in the third quarter valued at approximately $956,000. Finally, State of Wyoming bought a new position in shares of Magnite during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

Insiders Place Their Bets

In other Magnite news, insider Adam Lee Soroca sold 21,529 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $12.00, for a total transaction of $258,348.00. Following the sale, the insider owned 388,425 shares in the company, valued at approximately $4,661,100. The trade was a 5.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MGNI shares. Wells Fargo & Company cut their price target on Magnite from $20.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday. Rosenblatt Securities reissued a “buy” rating and set a $39.00 target price on shares of Magnite in a research note on Thursday. Wall Street Zen lowered shares of Magnite from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Benchmark cut their price target on Magnite from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Magnite in a report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.10.

Magnite Stock Up 1.0%

MGNI stock opened at $13.62 on Friday. The firm has a market cap of $1.97 billion, a PE ratio of 14.49, a P/E/G ratio of 0.73 and a beta of 2.39. Magnite, Inc. has a 12 month low of $8.22 and a 12 month high of $26.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $14.25 and a 200 day simple moving average of $17.62.

Magnite News Summary

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Management emphasized strong CTV growth and strategic shifts on the Q4 earnings call, which investors view as a structural tailwind for ad-platform monetization. Earnings Highlights
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $39 price target (very large implied upside), signaling continued conviction from some buy‑side analysts. Rosenblatt Note
• Positive Sentiment: Benchmark trimmed its target modestly to $30 but kept a “buy” rating, leaving a sizable upside case relative to the current price. Benchmark Note
• Neutral Sentiment: The full Q4 earnings transcript and the investor presentation are available for deeper read‑throughs of product commentary, sales cadence, and margin details. These materials will matter for forward modeling but are informational rather than market-moving by themselves. Earnings Transcript Presentation
• Negative Sentiment: Magnite missed Q4 revenue estimates, raising near-term growth concerns and pressuring valuation assumptions. Revenue Miss
• Negative Sentiment: Management reduced guidance: Q1 revenue set at $157.0M–$161.0M (vs. $163.8M consensus) and FY revenue guided to $743.3M (below the $759.5M consensus), signaling a more cautious near‑term outlook. Guidance Update
• Negative Sentiment: Wells Fargo cut its price target sharply to $13 and moved to “equal weight” (essentially neutral-to-slightly-negative), removing upside from one notable sell‑side voice. Wells Fargo Cut
• Negative Sentiment: Magnite disclosed a high‑stakes legal dispute with Google that the company says could materially affect revenue and reputation — a downside risk that could pressure multiple and bookings if outcomes are adverse. Legal Risk

Magnite 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).