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Morningstar

Magnite Inc MGNI Stock Quote

Morningstar Rating
| Rating as of

NASDAQ: MGNI

Last close prices updated as of Feb 02, 2023, 12:18 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 12.14
  • Sector Communication Services
  • Industry Advertising Agencies
  • Investment Style Small Growth
  • Day Range 12.49  –  13.37
  • Year Range 5.59  –  14.96
  • Market Cap 1.7653 Bil
  • Volume / Avg 1.2 Mil /  2.0 Mil
  • Price / Sales 3.07
  • Price / Book 2.00
  • Forward Div Yield —
  • Trailing Div Yield —

Morningstar‘s Stock Analysis MGNI

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

INVESTOR

Magnite Will Remain One of the Leading Supply-Side Platforms in CTV Advertising

Ali Mogharabi Senior Equity Analyst

Business Strategy and Outlook

| Ali Mogharabi |

Magnite, formerly The Rubicon Project, has successfully transitioned from an online digital ad exchange platform to one of the leading complete independent sell-side platforms in the programmatic digital ad market. The firm continues to focus on the connected TV, or CTV, market which we estimate will grow around 21% per year in the U.S. through 2027. With publishers such as Disney, Fox, and fuboTV expanding CTV inventory, we think Magnite’s revenue growth can outpace the market.

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Key Statistics MGNI

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Company Profile MGNI

Business Description

Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.

Contact
1250 Broadway, 15th Floor
New York, NY, 10001
Sector Communication Services
Industry Advertising Agencies
Employees 876

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FAQs for Magnite Inc Stock

No. MGNI does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

MGNI’s market cap is 1.77 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

MGNI’s stock style is Small Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

MGNI’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MGNI’s historical performance against its industry peers and the overall market.