Magnite (MGNI) Expected to Announce Earnings on Wednesday

Magnite (NASDAQ:MGNI) is anticipated to release its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.2860 per share and revenue of $190.20 million for the quarter. Parties can check the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 4:30 PM ET.

Magnite (NASDAQ:MGNI) last posted its 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 return on equity of 9.33% and a net margin of 22.49%. 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 prior year, the company posted $0.20 earnings per share. Magnite’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect Magnite to post $0.61 EPS for the current fiscal year and $0.91 EPS for the next fiscal year.

Magnite Stock Up 0.7%

Magnite stock opened at $21.64 on Tuesday. The stock has a market cap of $3.10 billion, a PE ratio of 39.58, a P/E/G ratio of 0.71 and a beta of 2.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.03. The stock’s fifty day moving average is $23.94 and its two-hundred day moving average is $17.65. Magnite has a 1-year low of $10.82 and a 1-year high of $26.84.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Benchmark increased their price objective on Magnite from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Susquehanna raised their target price on Magnite from $22.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on Magnite from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Craig Hallum restated a “buy” rating and set a $32.00 target price on shares of Magnite in a research note on Thursday, September 17th. Finally, Evercore reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Magnite in a report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.36.

Insider Activity

In related news, insider Katie Evans sold 13,997 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $24.00, for a total value of $335,928.00. Following the completion of the sale, the insider directly owned 441,800 shares of the company’s stock, valued at $10,603,200. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Spillane sold 10,363 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $23.76, for a total transaction of $246,224.88. Following the completion of the sale, the director directly owned 57,715 shares of the company’s stock, valued at approximately $1,371,308.40. This trade represents a 15.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 680,259 shares of company stock worth $15,993,244 over the last three months. Company insiders own 3.20% of the company’s stock.

About Magnite

Magnite, Inc operates an independent omnichannel sell-side advertising platform that helps publishers and digital media owners monetize their content while enabling advertisers to reach audiences across multiple channels. Its platform supports the buying and selling of digital advertising inventory through automated auctions and direct transactions.

The company’s solutions serve connected television and streaming video, online display and mobile advertising, audio, and digital out-of-home media.