Analyst Expects Magnite Inc (NASDAQ: MGNI) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NASDAQ listed company, MGNI falls under the Communication Services sector while operating within the Advertising Agencies industry segment. The current market capitalization of Magnite Inc is $2.57B. A total of 1.7 million shares were traded on the day, compared to an average of 1.73M shares.

In the most recent transaction, DAVID DAY bought 13,345 shares of MGNI for 17.00 per share on Jan 03 ’25. In a previous transaction on Dec 17 ’24, Day David sold 13,500 shares at 16.32 per share. MGNI shares that CHIEF FINANCIAL OFFICER owns now total 387,359.

Among the insiders who sold shares, Day David disposed of 11,644 shares on Dec 16 ’24 at a per-share price of $16.44. This resulted in the CHIEF FINANCIAL OFFICER holding 400,859 shares of MGNI after the transaction. In another insider transaction, DAVID DAY bought 13,500 shares at $16.32 per share on Dec 17 ’24.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, MGNI has a high of $18.38 and a low of $8.38.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MGNI’s latest balance sheet shows that the firm has $230.40M in Cash & Short Term Investments as of fiscal 2021. There were $809.25M in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $5.14, while its Total Shareholder’s Equity was $880.76M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGNI is Buy with a score of 4.69.

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