Sean Patrick Buckley Sells 67,179 Shares of Magnite (NASDAQ:MGNI) Stock

Magnite, Inc. (NASDAQ:MGNI) insider Sean Patrick Buckley sold 67,179 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $24.49, for a total transaction of $1,645,213.71. Following the completion of the sale, the insider owned 315,805 shares of the company’s stock, valued at $7,734,064.45. The trade was a 17.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sean Patrick Buckley also recently made the following trade(s):

• On Tuesday, July 7th, Sean Patrick Buckley sold 19,233 shares of Magnite stock. The stock was sold at an average price of $21.03, for a total transaction of $404,469.99.
• On Wednesday, June 17th, Sean Patrick Buckley sold 19,233 shares of Magnite stock. The shares were sold at an average price of $19.00, for a total transaction of $365,427.00.

Magnite Stock Performance

Shares of MGNI opened at $24.72 on Friday. The company has a market capitalization of $3.54 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.26 and a beta of 2.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. Magnite, Inc. has a one year low of $10.82 and a one year high of $26.65. The company’s fifty day moving average price is $18.69 and its 200 day moving average price is $14.94.

Magnite (NASDAQ:MGNI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $192.82 million during the quarter, compared to analysts’ expectations of $179.15 million. Magnite had a net margin of 22.49% and a return on equity of 9.33%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. As a group, analysts expect that Magnite, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MGNI shares. Rosenblatt Securities raised their target price on Magnite from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday. Benchmark upped their price target on Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings raised Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Magnite in a research report on Thursday, April 16th. Finally, Susquehanna raised their price objective on shares of Magnite from $22.00 to $30.00 and gave the stock a “positive” rating in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.30.

Key Magnite News

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Better-than-expected Q2 results: Magnite reported adjusted earnings of $0.26 per share, exceeding the $0.24 consensus estimate, while revenue rose 11.3% year over year to $192.82 million, well above the $179.15 million forecast. Magnite earnings report
• Positive Sentiment: Higher outlook: The company raised its full-year 2026 forecast to 13%-14% contribution ex-TAC growth and at least a 37% adjusted EBITDA margin. Magnite also guided third-quarter revenue to $188 million-$192 million, above the $185.2 million analyst consensus. Magnite raises 2026 outlook
• Positive Sentiment: Analyst optimism and CTV focus: Following the earnings beat, Rosenblatt raised its price target to $40 and maintained a buy rating, while Susquehanna lifted its target to $30 with a positive rating and B. Riley raised its target to $27 with a buy rating. Coverage also highlighted connected TV growth as an important catalyst. Magnite analyst forecast increases
• Neutral Sentiment: Ad-tech peer read-through: Magnite held firm while Trade Desk fell sharply after its earnings report, suggesting investors are distinguishing between stronger and weaker companies in the digital advertising sector. Ad-tech stock comparison
• Negative Sentiment: Valuation caution: Wells Fargo raised its price target modestly to $22 but retained an equal-weight rating. The target remains below Magnite’s current trading level, signaling limited near-term upside in that analyst’s view. Wells Fargo Magnite price target

Institutional Investors Weigh In On Magnite

A number of institutional investors have recently added to or reduced their stakes in MGNI. US Bancorp DE increased its stake in Magnite by 75.8% during the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $35,000 after acquiring an additional 688 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Magnite by 106.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,783 shares of the company’s stock worth $45,000 after acquiring an additional 1,949 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Magnite by 98.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,678 shares of the company’s stock worth $61,000 after acquiring an additional 1,824 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Magnite during the 2nd quarter worth approximately $62,000. Finally, Optiver Holding B.V. grew its holdings in shares of Magnite by 2,746.4% during the 1st quarter. Optiver Holding B.V. now owns 5,579 shares of the company’s stock worth $66,000 after purchasing an additional 5,383 shares in the last quarter. 73.40% of the stock is owned by institutional investors and hedge funds.

About Magnite

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).