Magnite (NASDAQ:MGNI) Stock: Insider Sean Patrick Buckley Sells 10,991 Shares

Magnite, Inc. (NASDAQ:MGNI) insider Sean Buckley sold 10,991 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $27.00, for a total value of $296,757.00. Following the completion of the sale, the insider directly owned 282,069 shares in the company, valued at $7,615,863. This trade represents a 3.75% decrease in their position. The transaction 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.

Magnite Price Performance

Shares of Magnite stock traded down $0.13 during trading on Friday, hitting $27.39. 3,658,860 shares of the company’s stock traded hands, compared to its average volume of 2,520,394. The firm’s fifty day moving average price is $23.98 and its 200 day moving average price is $17.79. Magnite, Inc. has a twelve month low of $10.82 and a twelve month high of $28.17. The company has a market cap of $3.93 billion, a PE ratio of 23.02, a PEG ratio of 0.75 and a beta of 2.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.03.

Magnite (NASDAQ:MGNI) last released its earnings results on Wednesday, November 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $204.20 million during the quarter, compared to analysts’ expectations of $190.19 million. Magnite had a return on equity of 11.04% and a net margin of 23.58%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. Analysts forecast that Magnite, Inc. will post 0.61 earnings per share for the current year.

Key Stories Impacting Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Q3 results beat expectations. Revenue was $204.2 million, while adjusted EPS was $0.33, ahead of consensus. Contribution ex-TAC—a key measure of the company’s underlying advertising business—rose 20% year over year to $200.6 million. Magnite Q3 results
• Positive Sentiment: CTV was a standout growth engine. CTV contribution ex-TAC climbed 39% to $105.4 million, beating the company’s guidance range. DV+ contribution also exceeded guidance, growing 5%. Coverage cited CTV strength and a political-advertising surge as factors behind the quarter. Three takeaways for long-term investors
• Positive Sentiment: Management raised its outlook. Magnite lifted its 2026 contribution ex-TAC growth forecast to about 17% and expects adjusted EBITDA growth of about 30%, a margin of about 38.5% and free-cash-flow growth above 60%. For 2027, it forecast more than 15% top-line growth excluding political advertising and an adjusted EBITDA margin of at least 38.5%. Magnite raises outlook
• Positive Sentiment: RBC raised its price target to $30 from $27 and maintained an Outperform rating, signaling continued analyst confidence. RBC price-target update
• Neutral Sentiment: Wells Fargo also raised its target, from $22 to $23, but kept an Equal Weight rating; its target remains below the recently cited share price, suggesting a more cautious view of valuation. Wells Fargo recommendations

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MGNI. BlackRock Inc. purchased a new stake in Magnite in the 2nd quarter worth approximately $241,296,000. Dimensional Fund Advisors LP lifted its holdings in shares of Magnite by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,983,674 shares of the company’s stock valued at $47,322,000 after purchasing an additional 367,854 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Magnite in the 2nd quarter worth about $56,847,000. Bank of America Corp DE bought a new stake in shares of Magnite during the second quarter valued at approximately $22,431,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Magnite during the second quarter valued at $22,059,000. 73.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MGNI shares. Evercore reissued an “outperform” rating and set a $25.00 price target on shares of Magnite in a report on Thursday, August 6th. Benchmark increased their price objective on shares of Magnite from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada increased their target price on shares of Magnite from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday. BTIG Research reissued a “buy” rating and set a $27.00 target price on shares of Magnite in a research report on Wednesday, September 9th. Finally, B. Riley Financial lifted their price target on Magnite from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Magnite has a consensus rating of “Moderate Buy” and a consensus price target of $30.45.

Magnite Company Profile

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.