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MAGNITE INC (MGNI)

Communication Services · advertising technology (AdTech) · NASDAQ

Magnite is a leading independent sell-side advertising platform that empowers digital publishers to maximize their revenue across CTV, video, and display formats through programmatic automation.

What MAGNITE INC does

Magnite operates an independent sell-side advertising platform that provides technology for publishers to manage and monetize their digital inventory across various formats. The platform facilitates automated, real-time trading of digital advertising space, connecting publishers with advertisers through programmatic marketplaces. Its offerings span across Connected TV (CTV), online video, display, and audio advertising channels.

Themes: programmatic advertising, connected TV (CTV) monetization, digital video advertising, publisher monetization solutions, automated media buying

Fundamentals

  • Price$23.50 as of 2026-08-21 close
  • Market cap$3.4B as of 2026-08-21
  • 1-year return+4.4% 2025-08-21 close $22.52 → 2026-08-21 close $23.50
  • P/E21.28 as of 2026-08-24
  • Net margin+22.5% as of 2026-08-24
  • Gross margin+64.8% as of 2026-08-24
  • ROE+18.6% as of 2026-08-24
  • Debt / equity0.37 as of 2026-08-24
  • Revenue growth (YoY)+8.3% as of 2026-08-24
  • Revenue CAGR (3y)+7.4% SEC XBRL
  • Beta2.36 as of 2026-08-24
  • Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)

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How MGNI compares in its sector

  • price-to-earnings ratiomiddle range 79 covered Communication Services peers, as of 2026-08-24
  • net profit margintop 10% 132 covered Communication Services peers, as of 2026-08-24
  • operating margintop 25% 132 covered Communication Services peers, as of 2026-08-24
  • gross marginmiddle range 132 covered Communication Services peers, as of 2026-08-24
  • return on equitytop 25% 132 covered Communication Services peers, as of 2026-08-24
  • 3-year revenue CAGRmiddle range 121 covered Communication Services peers
  • free cash flow (absolute dollars, latest fiscal year)middle range 114 covered Communication Services peers, as of FY2025

Position among covered Communication Services companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Top 10 scores & list membership

MGNI is in 2 of our published Top 10 lists.

Short-term Top 10 — since 18 Aug 2026Communication Services Short-term Top 10 — since 18 Aug 2026

Long-term score

Not scored for the long-term list: no shareholder return data.

Short-term score

59.0 #268 of 1,704 scored · #9 of 66 in Communication Services

  • Trend68.4
  • Momentum65.0
  • Setup49.5
  • Volume and participation54.0
  • Catalysts54.6

Trend 68th: a strong uptrend, with buyers in control; momentum 65th: over the past 3 months this stock beat the market by 75.1 percentage points; weakest is setup 50th: day-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 76% of it).

Short-term Top 10

In this list since 18 Aug 2026 — currently 9th in the list (3 days)

  • Entered 18 Aug 2026: first selection for this list at rank 9, score 70.8.

Communication Services Short-term Top 10

In this list since 18 Aug 2026 — currently 5th in the list (3 days)

  • Entered 18 Aug 2026: first selection for this list at rank 1, score 70.8.

Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.

How MAGNITE INC looks technically

MAGNITE INC (MGNI) is trading 50.5% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 32 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 61, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative). It made a new 20-day high about 6 trading days ago.

Trend

8
Distance from the 200-dayit is trading 50.5% above its 200-day average, the long-term trend line — a longer-term uptrend+50.5%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $20.35$20.35
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $15.61$15.61
Swing structureeach recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes nexthigher highs and higher lows
Last swing turnits last significant turn was a swing high 14 calendar days ago — the swings before that are what the structure reading is measured on14 sessions
Wave structureits recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that upward direction; the labelling fails if price closes below 21.41. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction.possible upward five-wave sequence, in wave 4 (one of several readings)
Since the 50/200 crossits 50-day average crossed above its 200-day average about 32 trading days ago — a "golden cross", a bullish long-term signal32 sessions
Trend strength (14-day ADX)a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 36, with buyers in control36.4

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 61, neither overbought (above 70) nor oversold (below 30)60.8
Position in its 14-day rangeit is trading in the upper half of its 14-day range ($19.75 to $25.45) — its "stochastic" reading is 66 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions.65.8
Since the MACD crossed zeroMACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative)2 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $26.65$26.65
From the 52-week highit is 11.8% below its 52-week high (its highest price of the past year)-11.8%
Above the 52-week lowit is 117.2% above its 52-week low (its lowest price of the past year)+117.2%
Below the 52-week highit is 11.8% below its highest point of the past year11.8%
Since a 20-day breakoutit made a new 20-day high about 6 trading days ago6 sessions
Since a 55-day breakoutit made a new 55-day high about 6 trading days ago6 sessions
All-time highits highest closing price on record is $64.39 (set on 2021-02-09)$64.39
Given back of the 52-week moveover the past year its closes ranged ($11.20 to $26.52), and it has recovered almost all of its fall from last year’s high — 80% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $20.67 to $21.16. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.80.3%
From the all-time highit is 63.5% below its all-time high-63.5%
Nearest price levelit is trading 5.3% above a support level at $22.27 — a price it turned at three times since 2025-07-11, most recently on 2025-09-16. Since 2024-08-21 it has 16 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.-5.3%
All-time lowits lowest closing price on record is $1.48 (set on 2018-03-01)$1.48
Above the all-time lowit is 1487.8% above its all-time low+1,488%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 76% of it)76th percentile
Typical daily rangein a typical session it travels about $0.9589 between its high and its low — about 4.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$0.9589
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $17.99 and $26.90 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$17.99 – $22.45 – $26.90
Typical daily range (% of price)its price moves about 4.1% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price4.1%
Stretch from the 200-day averageit is trading 8.2 daily ranges above its 200-day average price (50.5% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale8.2 daily ranges above its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average0.59×

Analyst

2
Change in the average price targetanalysts' average price target is unchanged from the prior reading0.0%
Change in the consensus ratingthe analyst consensus rating is unchanged since the prior readingunchanged

Candlestick patterns

2
Since a dojitoday it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session leveltoday
Since a bearish engulfing2 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it2 sessions ago

Price gaps

3
Gap at the openit opened on 2026-08-21 0.6% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close+0.6%
Open gapit gapped 11.3% above the previous close 11 sessions ago and has not traded back through the level it left behind at 20.67 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed+11.3%
Gap filleda 2.1% gap down opened on 2026-07-08 has been "filled" 31 sessions ago — price traded back through the level the gap left behind, and it took 1 session to close31 sessions ago

Price streaks

1
Closing streakit closed higher in its latest session, after a session that did not close higher — a single up day rather than a run1 session up

Relative strength

4
vs market, 1 monthover the past 1 month this stock beat the market by 20.5 percentage points (the stock gained 22.8% while the market gained 2.3%)+20.5%
vs market, 3 monthsover the past 3 months this stock beat the market by 75.1 percentage points (the stock gained 78.2% while the market gained 3.1%)+75.1%
vs market, 6 monthsover the past 6 months this stock beat the market by 81.1 percentage points (the stock gained 92.2% while the market gained 11.1%)+81.1%
vs market, 12 monthsover the past 12 months this stock lagged the market by 16.1 percentage points (the stock gained 4.4% while the market gained 20.5%)-16.1%

Signal agreement

2
Bullish technical signals5 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast5 of 9
Bearish technical signals1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast1 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading 22% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thick, spanning 9.9% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross.+22.3%

Volume-weighted price

2
Vs this year’s average price paidthe price is 47% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $16.04 — a volume-weighted average of daily closes over 155 sessions, not a true tick-by-tick VWAP.+46.5%
Vs the average paid since it last reportedthe price is 3% below the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is under water. That average is $24.10 — a volume-weighted average of daily closes over 13 sessions, not a true tick-by-tick VWAP.-2.5%

Price levels it has turned at before

MGNI last closed at $23.50 on 2026-08-21. Since 2024-08-21 it has turned at 16 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.

LevelSideDistanceEvidence
$22.27Support5.3% below the last closeturned there three times · 2025-07-11 to 2025-09-16
$25.36Resistance7.9% above the last closeturned there twice · 2025-07-03 to 2026-08-07
$21.35Support9.2% below the last closeturned there twice · 2025-02-07 to 2026-07-10
$20.88Support11.2% below the last closeturned there twice · 2025-08-07 to 2025-08-20

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.

This labelling fails — stops being a possible reading at all — if it closes below $21.41.

This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.

On past moves of this shape the leg has usually ended somewhere between $21.59 and $23.63 — that is where it has tended to end if the count holds, not a forecast of where the price goes.

Alternate reading: The same swings also read as a completed three-part correction, which fails on a close above $25.45.

This reading has stood for 6 trading days, since 2026-08-14.

Read from daily closes as of 2026-08-21.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.

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Analyst consensus

  • Consensus ratingStrong Buy (1.47 mean, 1=Strong Buy…5=Strong Sell) — 15 analysts
  • Mean price target$27.33 range $21.00 – $40.00; median $27.00

Analyst estimates, as of 2026-08-22. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for MGNI

  • Consensus EPS estimate$0.2822 next reporting period, as of 2026-08-22

Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["Dependence on third-party digital advertising platforms and changing privacy regulations that may limit data tracking.","Significant competition from large, vertically integrated technology companies.","Potential volatility in advertising budgets and seasonality affecting publisher demand."]

See MGNI's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of MGNI's 10-Q filed 2026-05-06 against the prior one filed 2025-11-05.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Added reference to "our Annual Report on Form 10-K for the year ended December 31, 2025" (newer filing, filed 2026-05-06)
    • Added language "outcomes, performance or achievements, or the timing thereof" to describe potential differences in forward-looking statements (newer filing, filed 2026-05-06)
    • Added language "uncertainties, and other factors" to forward-looking statements risk description (newer filing, filed 2026-05-06)
    • Added "our ability to adapt to advancements in artificial intelligence (\"AI\")" explicitly with parenthetical expansion (newer filing, filed 2026-05-06)
    • Added description of ClearLine product with capabilities for direct access to premium CTV inventory and integrated curation (newer filing, filed 2026-05-06)
    • Added reference to "dynamic ad insertion to serve live streaming events" as a seller tool (newer filing, filed 2026-05-06)
  • Removed:
    • Removed reference to "our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Report on Form 10-Q for the period ended March 31, 2025" (older filing, filed 2025-11-05)
    • Removed phrase "simplify order management and campaign tracking, and obtain actionable insights into audiences for their advertising" from buyer description (older filing, filed 2025-11-05)
    • Removed "forecasting tools, customized ad experiences and ad formats, frequency capping" language; replaced with "forecasting and planning, customized ad experiences and formats, dynamic ad insertion to serve live streaming events" (older filing, filed 2025-11-05)
  • Reworded:
    • Changed "In some cases, you can identify forward-looking statements by terms such as...artificial intelligence" to explicitly state "artificial intelligence (\"AI\")" with acronym expansion (newer vs older)
    • Changed "our ability to adapt to advancements in artificial intelligence" to explicit parenthetical format in forward-looking statements list (newer vs older)
    • Changed "Our recently combined streaming SSP and ad server, which we refer to as SpringServe" to "In April 2025, we announced the introduction of our next generation SpringServe CTV platform, which combines the features and functionalities of our streaming SSP and ad server" (newer vs older)
    • Changed "uncertainties and other factors" to "uncertainties, uncertainties and other factors" phrasing in risk discussion (newer vs older)
    • Removed description of SpringServe as "recently combined" and added specific April 2025 announcement date (newer vs older)
    • Changed buyer description from "simplify order management and campaign tracking, and obtain actionable insights" to focus on "discover and curate inventory, simplify workflow and execute on their campaign objectives in a cost effective manner" (newer vs older)
  • Notes:
    • Text truncation in older filing makes full comparison of Industry and Company Trends section incomplete
    • Page number references differ (25 vs 28 in newer and older respectively), indicating potential section reorganization
    • Some product feature descriptions appear to have been reorganized rather than fully added or removed

Risk Factors

  • Added:
    • Newer filing (2026-05-06) shows balance sheet as of March 31, 2026 with December 31, 2025 comparison; older filing (2025-11-05) shows September 30, 2025 with December 31, 2024 comparison
    • Newer filing shows three months ended March 31, 2026 operating results; older filing includes both three months and nine months ended September 30, 2025 results
    • Newer filing displays stockholders' equity statement for three months ended March 31, 2026 and March 31, 2025; older filing displays longer period equity tracking from December 31, 2023 through September 30, 2025
  • Removed:
    • Older filing included nine-month comparative periods in statements of operations and comprehensive income; newer filing contains only three-month periods
    • Older filing contained detailed stockholders' equity rollforward showing multiple interim periods (March 31, 2024, June 30, 2024, September 30, 2024, and nine-month tracking through September 2025); newer filing shows only two period comparison (March 31, 2026 and March 31, 2025)
  • Reworded:
    • Balance sheet caption changed from 'September 30, 2025 and December 31, 2024' to 'March 31, 2026 and December 31, 2025'
    • Statements of operations changed from 'Three Months Ended and Nine Months Ended September 30, 2025 and September 30, 2024' to 'Three Months Ended March 31, 2026 and March 31, 2025'
  • Notes:
    • The two filings are from different reporting periods (Q1 2026 vs Q3 2025), which accounts for most structural differences
    • Financial statement data is substantially different due to different as-of and period-ending dates rather than changes in presentation format

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

0 open-market purchases and 27 open-market sales by insiders in the last 90 days.

  • Last 30 days0 buys · 11 sells ($11M) — 8 selling insiders
  • Last 90 days0 buys · 27 sells ($20M) — 9 selling insiders
  • Last 180 days0 buys · 28 sells ($20M) — 10 selling insiders

Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)

Most recent open-market transaction: 2026-08-10. As of 2026-08-24.

View full insider trading history → View SEC Form 3/4/5 filings

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Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

4 institutional 13F filers reported holding MGNI as of 2026-03-31 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 4
  • Reported shares held 21,525,562
  • Reported value $255,723,678

reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 1 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

MGNI had 11,638,779 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).

MGNI had 8.11% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.56 days to cover at the same settlement.

  • Reported short interest (shares) 11,638,779
  • Short interest (% of shares outstanding) 8.11%
  • Prior settlement (shares) 13,606,133
  • Reported change -14.46%
  • Days to cover (reported) 5.56

Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does MAGNITE INC (MGNI) do?

Magnite operates an independent sell-side advertising platform that provides technology for publishers to manage and monetize their digital inventory across various formats. The platform facilitates automated, real-time trading of digital advertising space, connecting publishers with advertisers through programmatic marketplaces. Its offerings span across Connected TV (CTV), online video, display, and audio advertising channels.

What sector is MAGNITE INC (MGNI) in?

MAGNITE INC (MGNI) is classified in the Communication Services sector. Its industry is advertising technology (AdTech). It trades on NASDAQ.

Who are MAGNITE INC's (MGNI) competitors?

Notable peers of MAGNITE INC (MGNI) include The Trade Desk, PubMatic, Google, Amazon Ads and Meta Platforms. This peer set is informational only — not financial advice.

Is MAGNITE INC (MGNI) overbought or oversold right now?

MAGNITE INC (MGNI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 61, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on MGNI come from?

Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-08-21.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.

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