Sei Investments Co. Raises Holdings in Magnite, Inc. $MGNI

Sei Investments Co. increased its position in shares of Magnite, Inc. (NASDAQ:MGNI) by 65.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 350,862 shares of the company’s stock after purchasing an additional 139,325 shares during the quarter. Sei Investments Co. owned approximately 0.24% of Magnite worth $4,168,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Magnite by 106.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,783 shares of the company’s stock worth $45,000 after purchasing an additional 1,949 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Magnite by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,983,674 shares of the company’s stock worth $47,322,000 after buying an additional 367,854 shares in the last quarter. Swiss National Bank lifted its stake in shares of Magnite by 1.3% in the first quarter. Swiss National Bank now owns 284,300 shares of the company’s stock worth $3,377,000 after buying an additional 3,600 shares in the last quarter. Jennison Associates LLC acquired a new position in Magnite during the first quarter worth about $687,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Magnite by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 41,766 shares of the company’s stock worth $492,000 after acquiring an additional 4,304 shares during the last quarter. 73.40% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Q2 results exceeded expectations: Magnite reported $192.8 million in revenue, up 11% year over year, and non-GAAP EPS of $0.26 versus the $0.25 consensus estimate. Contribution ex-TAC reached $189.6 million, above the company’s $177 million-$181 million target range. Magnite Reports Second Quarter 2026 Results
• Positive Sentiment: CTV remained the key growth engine: CTV contribution ex-TAC rose 36% year over year to $97.1 million, while DV+ returned to growth with a 2% increase. Adjusted EBITDA climbed 30% to $70.6 million, producing a 37% margin, and operating cash flow was $57.4 million. Magnite Results Put CTV Growth In Focus
• Positive Sentiment: Management raised its outlook: Full-year contribution ex-TAC growth is now expected at 13%-14%, up from at least 11%. Magnite also lifted its adjusted EBITDA growth forecast to above 20%, its margin target to at least 37% and free-cash-flow growth outlook to the high-40% range. Third-quarter contribution ex-TAC guidance of $188 million-$192 million is above the roughly $185.2 million analyst estimate. Magnite Raises Full-Year 2026 Outlook
• Positive Sentiment: Analyst support strengthened: Rosenblatt raised its price target to $40 and kept a buy rating; Susquehanna increased its target to $30 with a positive rating; and B. Riley lifted its target to $27 and maintained a buy rating. These revisions reinforced the market’s favorable interpretation of the earnings report. Magnite Analysts Boost Their Forecasts
• Neutral Sentiment: Magnite’s rally occurred amid mixed trading across ad-tech stocks, suggesting investors are differentiating between companies with strong execution and those facing weaker results. The stock’s elevated beta and proximity to its 52-week high could contribute to increased volatility. Ad-Tech Stocks Move in Opposite Directions

Magnite Stock Performance

Magnite stock opened at $24.32 on Friday. The firm has a 50 day simple moving average of $18.48 and a 200-day simple moving average of $14.87. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.05 and a beta of 2.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.02 and a quick ratio of 1.02. Magnite, Inc. has a 1-year low of $10.82 and a 1-year high of $26.65.

Magnite (NASDAQ:MGNI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Magnite had a net margin of 22.49% and a return on equity of 9.47%. The firm had revenue of $192.82 million for the quarter, compared to analyst estimates of $179.15 million. During the same quarter in the previous year, the company earned $0.20 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect that Magnite, Inc. will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other news, CTO David Buonasera sold 11,233 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $18.00, for a total transaction of $202,194.00. Following the completion of the transaction, the chief technology officer directly owned 280,494 shares in the company, valued at approximately $5,048,892. This represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael G. Barrett sold 178,596 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $16.59, for a total value of $2,962,907.64. Following the sale, the chief executive officer directly owned 403,074 shares of the company’s stock, valued at $6,686,997.66. The trade was a 30.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 491,639 shares of company stock worth $8,676,734. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MGNI shares. Weiss Ratings upgraded shares of Magnite from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Rosenblatt Securities boosted their target price on Magnite from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Evercore restated an “outperform” rating and issued a $25.00 price target on shares of Magnite in a research report on Thursday. Royal Bank Of Canada increased their price target on Magnite from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Magnite from $15.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.20.

Magnite Company 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).