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MGNI Stock Summary and Trading Ideas (Magnite | NASDAQ:MGNI)

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Magnite (MGNI) Frequently Asked Questions

What does Magnite do?

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.

What symbol and exchange does Magnite shares trade?

Magnite trades on the NASDAQ stock market under the symbol MGNI.

What is Magnite stock price doing today?

As of February 13, 2025, MGNI stock price declined to $19.76 with 5,659,098 million shares trading.

What is Magnite's Beta?

MGNI has a beta of 1.37, meaning it tends to be more sensitive to market movements. MGNI has a correlation of 0.08 to the broad based SPY ETF.

How much is Magnite worth?

MGNI has a market cap of $2.78 billion. This is considered a Mid Cap stock.

How much money does Magnite make?

Last quarter Magnite reported $162 million in Revenue and $.17 earnings per share. This beat revenue expectation by $14 million and exceeded earnings estimates by $.01.

What is the highest and lowest price Magnite traded in the last 3 year period?

In the last 3 years, MGNI traded as high as $21.29 and as low as $5.59.

What are the top ETFs holding Magnite?

The top ETF exchange traded funds that MGNI belongs to (by Net Assets): IWM, VTI, VB, VBK, VXF.

Is Magnite (MGNI) a good investment?

MGNI has outperformed the market in the last year with a price return of +104.8% while the SPY ETF gained +23.0%. MGNI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.2% and +12.5%, respectively, while the SPY returned +2.4% and +1.2%, respectively.

What are the support and resistance levels for Magnite (MGNI)?

MGNI support price is $19.66 and resistance is $21.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGNI shares will trade within this expected range on the day.