Magnite Inc (MGNI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NASDAQ-listed company operates within the Advertising Agencies industry segment, falling under the Communication Services sector. The current market capitalization of Magnite Inc is $2.98B. A total of 11.71 million shares were traded on the day, compared to an average of 1.91M shares.

In the most recent transaction, Rossman James sold 149,936 shares of MGNI for 19.46 per share on Feb 07 ’25. After the transaction, the Director now owns 219,920 company shares. In a previous transaction on Feb 07 ’25, Buckley Sean Patrick sold 18,693 shares at 20.00 per share. MGNI shares that President, Revenue owns now total 408,529.

Among the insiders who sold shares, Evans Katie Seitz disposed of 12,520 shares on Feb 07 ’25 at a per-share price of $20.00. This resulted in the President, Operations holding 492,129 shares of MGNI after the transaction. In another insider transaction, Saltz Aaron sold 17,947 shares at $19.75 per share on Feb 07 ’25. Company shares held by the CHIEF LEGAL OFFICER now total 330,630.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MGNI has a high of $19.16 and a low of $8.38.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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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