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

Magnite is a supply-side advertising platform that provides technology and yield management solutions to content publishers, enabling them to monetize their digital advertising inventory. Magnite receives a percentage of all advertising inventory that it sells. 43% of Magnite's revenue is derived from connected television, or CTV, streaming platforms, 40% from mobile applications, and the remainder from general websites. Beyond the typical monetization responsibilities inherent to an SSP, Magnite also provides upstream advertising servers to CTV publishers, allowing them to have granular control over direct-sold, programmatic guaranteed, and open-auction logic. Magnite competes with other independent SSPs, supply path optimization solutions, and closed ecosystems like Meta.

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

As of October 27, 2026, MGNI stock price climbed to $22.14 with 333,669 million shares trading.

MGNI has a beta of 2.09, meaning it tends to be more sensitive to market movements. MGNI has a correlation of 0.18 to the broad based SPY ETF.

MGNI has a market cap of $3.17 billion. This is considered a Mid Cap stock.

Last quarter Magnite reported $193 million in Revenue and $.26 earnings per share. This beat revenue expectation by $14 million and exceeded earnings estimates by $.04.

In the last 3 years, MGNI traded as high as $26.84 and as low as $6.42.

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

MGNI has underperformed the market in the last year with a price return of +11.0% while the SPY ETF gained +14.9%. However, in the short term, MGNI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +19.6% vs +4.5% return in SPY. But in the last 2 weeks, MGNI shares have been beat by the market, returning -11.7% compared to an SPY return of -1.0%.

MGNI support price is $20.97 and resistance is $22.27 (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.