Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.

Magnite, Inc.

Keysight Technologies, Inc. KEYS has announced the completion of the industry’s first PSA Certified Level 4 security evaluation, conducted on Silicon Labs’ Series 3 Secure Vault integrated into the SixG301 wireless SoC. This marks a significant milestone in advancing the security assurance of connected devices amid rising cyber threats.
With the rapid expansion of the Internet of Things (IoT) across industries, the security landscape has grown increasingly complex, as devices face highly sophisticated attacks leveraging advanced tools and techniques. Certification programs such as PSA Certified provide critical benchmarks, enabling manufacturers to demonstrate that their devices can withstand these evolving threats. Level 4, the highest assurance level in the framework, focuses on testing the resilience of key security components like Root of Trust (RoT) and secure elements (SE) that safeguard data, firmware and functionality throughout the device’s lifecycle.
As an authorized PSA Certified Test Lab, Keysight conducted the Level 4 evaluation using its advanced security lab capabilities. The process included in-depth design reviews, vulnerability assessments and rigorous attack simulations such as Side-Channel Analysis and Fault Injection, ensuring the product’s ability to withstand the most advanced cyberattacks.
Keysight Technologies Inc. Price and Consensus
Although the original target was Level 3 certification, Keysight’s deep expertise and adaptable testing methodology enabled Silicon Labs to exceed expectations and achieve the top-tier Level 4 status. The accomplishment highlights both the strength of the Secure Vault technology and the value of Keysight’s role as a trusted security partner.
The successful evaluation not only underscores Silicon Labs’ leadership in IoT security but also positions Keysight as a pivotal enabler in bringing trusted, resilient technologies to market.
Keysight Sees Robust Growth Across 5G and IoT Markets
Electronic devices form the very fulcrum of IoT services, wireless devices, data centers and 5G technologies. With their rapid adoption, the demand for advanced electronic testing equipment is steadily rising, driving strong order growth for the company. Keysight’s award-winning Radar Scene Emulator stands out as the only market solution capable of replicating realistic roadway scenarios in a lab setting. This technology was recently selected by a leading U.S. automaker to support the testing and validation of autonomous driving systems.
Growth is further fueled by ongoing advancements in mobile communications, semiconductors and the automotive sector, along with increasing demand for power management applications. The company also benefits from global efforts to upgrade Internet infrastructure and the continued evolution of smart and autonomous vehicles. Beyond these markets, medical devices and pharmaceuticals represent significant opportunities, as electronics-based testing equipment sees growing adoption in healthcare applications.
Keysight has built a strong 5G portfolio, offering design validation solutions from Layer 1 to 7 that help telecom and semiconductor firms accelerate their 5G initiatives. Despite supply chain and geopolitical challenges, the company has seen rising investments in digital health, IoT and advanced research. Its 5G network emulation solutions enable end-to-end processes with cost-efficient, flexible testing, reducing time-to-market. Over the past three years, Keysight recorded a CAGR of more than 60% in 5G orders, supported by heavy infrastructure investments and successful trials. With its broad portfolio, Keysight is well-positioned to capitalize on robust 5G growth.
Apart from strength in the 5G domain, Keysight’s efforts in other emerging growth markets like IoT and high-speed data centers bode well for the top line. Particularly, management’s focus on Automotive and Energy, and Aerospace and Defense domains augur well in the long haul.
Recently, the company reported strong third-quarter fiscal 2025 results, wherein both the bottom and top lines beat the Zacks Consensus Estimate. The company reported higher year-over-year revenues, backed by strength in the AI data-center market, aerospace, defense and government end markets. For the fourth quarter of fiscal 2025, Keysight expects revenues in the range of $1.37-$1.39 billion. Non-GAAP earnings per share are estimated to be between $1.79 and $1.85.
KEYS’ Zacks Rank & Stock Price Performance
Keys currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 3.6% in the past year compared the Zacks Electronics - Measuring Instruments industry’s growth of 1%.
Image Source: Zacks Investment Research
Stocks to Consider From the Computer and Technology Space
Some better-ranked stocks from the broader technology space are inTEST Corporation INTT, Paychex, Inc. PAYX and Magnite, Inc. MGNI. INTT, PAYX and MGNI carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
inTEST’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with the average surprise being 61.16%. In the last reported quarter, INTT delivered an earnings surprise of 175%. Its shares have lost 5.4% in the past year.
Paychex’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 1.27%. In the last reported quarter, PAYX delivered an earnings surprise of 0.85%. Its shares have increased 6.5% in the past year.
Magnite’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 30.98%. In the last reported quarter, MGNI delivered an earnings surprise of 17.65%. Its shares have surged 59.1% in the past year.
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Keysight Completes First PSA Certified Level 4 Security Evaluation

The Trade Desk TTD stock has tumbled 39.8% following the release of its second-quarter 2025 earnings on Aug. 7. Revenues increased 19% year over year to $694 billion and beat the consensus mark by 1.4%. This came above the company’s revenue expectation of at least $682 million. Connected TV or CTV once again emerged as the fastest-growing channel, driven by expanding partnerships with major media players, such as Disney, NBCU, Netflix, Roku and Walmart. Kokai continues to deliver strong performance.
On the profitability front, adjusted EBITDA came in at $271 million compared with $242 million in the year-ago quarter. Adjusted EPS was 41 cents, missing estimates but up from 39 cents in the year-ago quarter, with free cash flow at $117 million.
Nonetheless, intense competition in the ad tech space amid increasing macroeconomic uncertainty are keeping investors on the sidelines. So, now the question arises whether investors should remain invested in TTD stock or book profits and exit. Let’s unpack the pros and cons and ascertain the best way forward.
Factors Driving Growth for TTD
Increasing digital spending in CTV remains a key growth driver. CTV, along with retail media, accounted for much of the company’s growth, supported by The Trade Desk’s decision-based programmatic approach, which delivers better returns compared with insertion order or programmatic guaranteed buying.
In the second quarter, Video, which includes connected CTV, accounted for a high-40s percentage of its overall business and continues to increase its share of the mix in the quarter. Mobile contributed a mid-30s percentage share of total spend, while display made up a low double-digit share and audio comprised approximately 5%.
Apart from CTV, momentum in retail media, international expansion, the Kokai platform, and efforts to strengthen go-to-market capabilities are other tailwinds.
More than 70% of the clients are now using the company’s Kokai platform, with full client adoption expected to be completed by this year. Trade Desk highlighted that Samsung saw a 43% improvement in audience targeting efficiency for an omnichannel, while Cashrewards experienced a 73% improvement in cost per acquisition for campaigns in Asia. Adding Koa AI technology across the platform is expected to aid in attracting more clients.
Complementing Kokai, OpenPath is simplifying the programmatic supply chain by allowing publishers to integrate directly with The Trade Desk’s platform. Sincera's acquisition is enhancing supply chain transparency through OpenSincera, which makes data available to the ecosystem for free. TTD is also upbeat about Deal Desk, which is currently in the beta stage. Deal Desk leverages AI forecasting to optimize deals and re-route underperforming deals to better open market and premium internet alternatives. Disney is already leveraging Deal Desk.
The Trade Desk Price, Consensus and EPS Surprise
While North America accounted for 86% of advertising spend, TTD is steadily expanding its global footprint, driven by faster-growing international markets. This increasing global presence offers clients localized marketplace expertise across key regions. On theearnings call management said international growth again outpaced North America.
For the third quarter of 2025, the company anticipates revenues of at least $717 million, representing 14% year-over-year growth. Excluding the benefit of U.S. political ad spend in the third quarter of 2024, the company projected year-over-year growth for the third quarter to be approximately 18%. Trade Desk projects adjusted EBITDA for the third quarter to be around $277 million.
TTD Faces Several Headwinds
Macroeconomic uncertainty is likely to weigh on advertising budgets. TTD remains cautious regarding the impact of the volatile macro backdrop, particularly on the large global brands. If macro headwinds worsen or persist into the second half of 2025, revenue growth may face further pressure due to reduced programmatic demand.
The intensely competitive nature of the digital advertising industry, dominated by industry giants like Alphabet GOOGL and Amazon AMZN, as well as other smaller players like Magnite MGNI, continues to put pressure on TTD’s market positioning. Walled gardens like Google and Amazon dominate this space as they control their inventory and first-party user data, allowing for highly targeted ad campaigns.
While CTV remains a strong revenue driver, this market is also increasingly becoming competitive. Heavy reliance on CTV for growth is a concern, as any adverse impact on this segment could weigh heavily on the overall performance. Growing regulatory scrutiny around data privacy and evolving consumer data practices also threaten to disrupt the established audience-targeting methods.
Higher expenses are likely to weigh on profitability. In the last reported quarter, total operating costs surged 17.8% year over year to $577.3 million. Expenses soared on account of continued investments in boosting platform capabilities, particularly platform operations. Higher costs can prove a drag on margins, especially if revenue growth does not keep pace.
Overreliance on North America for revenues is another concern. Though TTD is focusing on geographic expansion, executing well across disparate markets can be complex and risky.
Image Source: Zacks Investment Research
Given all these factors, analysts have kept their earnings unchanged for the current quarter.
TTD Stock vs. Peers
The company has also underperformed its digital advertising peers, including Alphabet, Amazon and Magnite over the past month. TTD has lost 29.5% while Amazon and Magnite shares have declined 1.9% and 4.4%. GOOGL is up 10.7% over the same time frame.
Image Source: Zacks Investment Research
Stretched Valuation for TTD
TTD stock is also not so cheap, as its Value Style Score of F suggests a stretched valuation at this moment. The stock is trading at a premium, with a forward 12-month price/sales of 8.23X compared with the industry’s 5.46X.
Image Source: Zacks Investment Research
Retain TTD Stock for Now
Despite the steep post-earnings slide, strong CTV growth, expanding Kokai adoption, and rising international traction support TTD’s long-term prospects. Innovations like Deal Desk and OpenPath position it well for sustained market share gains.
However, macro uncertainty, intensifying competition, and a premium valuation limit near-term upside potential. Heavy reliance on CTV and rising costs add execution risks that could pressure margins if top-line growth slows.
Given the mix of solid fundamentals and near-term headwinds, investors holding TTD stock can retain it in their portfolios for now, but new investors would be better off waiting for a favorable entry point.
At present, TTD carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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TTD Stock Crashes Post Q2 Earnings: Stay Invested or Make an Exit?

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Palo Alto Networks, Inc (Symbol: PANW), where a total of 19,088 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 41.9% of PANW's average daily trading volume over the past month of 4.6 million shares. Especially high volume was seen for the $205 strike call option expiring July 03, 2025, with 2,520 contracts trading so far today, representing approximately 252,000 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $205 strike highlighted in orange:
Peabody Energy Corp (Symbol: BTU) options are showing a volume of 16,963 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 41.5% of BTU's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $15 strike call option expiring August 15, 2025, with 2,457 contracts trading so far today, representing approximately 245,700 underlying shares of BTU. Below is a chart showing BTU's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Magnite Inc (Symbol: MGNI) options are showing a volume of 9,260 contracts thus far today. That number of contracts represents approximately 926,000 underlying shares, working out to a sizeable 40.1% of MGNI's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $25 strike call option expiring September 19, 2025, with 1,210 contracts trading so far today, representing approximately 121,000 underlying shares of MGNI. Below is a chart showing MGNI's trailing twelve month trading history, with the $25 strike highlighted in orange:
For the various different available expirations for PANW options, BTU options, or MGNI options, visit StockOptionsChannel.com.
Also see:
STM shares outstanding history
QCLN Historical Stock Prices
EMAG YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Monday Option Activity: PANW, BTU, MGNI

In trading on Monday, computers shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Astronova, up about 19.2% and shares of Hewlett Packard Enterprise up about 13% on the day.
Also showing relative strength are advertising shares, up on the day by about 1.5% as a group, led by Magnite, trading up by about 14.2% and Pubmatic, trading higher by about 10.3% on Monday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Monday Sector Leaders: Computers, Advertising Stocks

Robert F Spillane, a director at $MGNI, sold 15,000 shares of the company on 06-10-2025 for an estimated $263,550. We received data on the trade from a recent SEC filing. This was a sale of approximately 18.4% of their shares of this class of stock. Following this trade, they now own 66,417 shares of this class of $MGNI stock.
$MGNI Insider Trading Activity
$MGNI insiders have traded $MGNI stock on the open market 25 times in the past 6 months. Of those trades, 0 have been purchases and 25 have been sales.
Here’s a breakdown of recent trading of $MGNI stock by insiders over the last 6 months:
JAMES ROSSMAN sold 149,936 shares for an estimated $2,917,754
DAVID DAY (CHIEF FINANCIAL OFFICER) has made 0 purchases and 5 sales selling 90,734 shares for an estimated $1,661,658.
KATIE SEITZ EVANS (President, Operations) has made 0 purchases and 2 sales selling 47,520 shares for an estimated $858,000.
SEAN PATRICK BUCKLEY (President, Revenue) has made 0 purchases and 3 sales selling 38,912 shares for an estimated $727,696.
ADAM LEE SOROCA (CHIEF PRODUCT OFFICER) has made 0 purchases and 4 sales selling 43,521 shares for an estimated $711,878.
AARON SALTZ (CHIEF LEGAL OFFICER) has made 0 purchases and 2 sales selling 33,275 shares for an estimated $610,584.
ROBERT F SPILLANE sold 15,000 shares for an estimated $263,550
DAVID BUONASERA (CHIEF TECHNOLOGY OFFICER) has made 0 purchases and 3 sales selling 14,364 shares for an estimated $226,890.
DAVID T. PEARSON sold 11,512 shares for an estimated $202,611
BRIAN GEPHART (CHIEF ACCOUNTING OFFICER) has made 0 purchases and 2 sales selling 12,584 shares for an estimated $202,357.
PAUL CAINE sold 5,000 shares for an estimated $101,750
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MGNI Hedge Fund Activity
We have seen 152 institutional investors add shares of $MGNI stock to their portfolio, and 169 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
FMR LLC added 8,069,421 shares (+499.7%) to their portfolio in Q1 2025, for an estimated $92,072,093
CAPITAL RESEARCH GLOBAL INVESTORS added 5,194,835 shares (+67.2%) to their portfolio in Q1 2025, for an estimated $59,273,067
AMERICAN CENTURY COMPANIES INC added 2,651,033 shares (+855.2%) to their portfolio in Q1 2025, for an estimated $30,248,286
WELLINGTON MANAGEMENT GROUP LLP removed 1,126,740 shares (-16.0%) from their portfolio in Q1 2025, for an estimated $12,856,103
PACER ADVISORS, INC. added 1,102,156 shares (+inf%) to their portfolio in Q1 2025, for an estimated $12,575,599
VICTORY CAPITAL MANAGEMENT INC removed 1,059,946 shares (-89.7%) from their portfolio in Q1 2025, for an estimated $12,093,983
NISHKAMA CAPITAL, LLC removed 1,004,207 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $15,986,975
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MGNI Analyst Ratings
Wall Street analysts have issued reports on $MGNI in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
Craig-Hallum issued a "Buy" rating on 05/20/2025
Citigroup issued a "Buy" rating on 02/03/2025
RBC Capital issued a "Outperform" rating on 01/03/2025
Wolfe Research issued a "Outperform" rating on 01/03/2025
To track analyst ratings and price targets for $MGNI, check out Quiver Quantitative's $MGNI forecast page.
$MGNI Price Targets
Multiple analysts have issued price targets for $MGNI recently. We have seen 3 analysts offer price targets for $MGNI in the last 6 months, with a median target of $22.0.
Here are some recent targets:
Jason Kreyer from Craig-Hallum set a target price of $24.0 on 05/20/2025
Matthew Swanson from RBC Capital set a target price of $22.0 on 01/03/2025
Shweta Khajuria from Wolfe Research set a target price of $19.0 on 01/03/2025
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Insider Sale: Director at $MGNI Sells 15,000 Shares

Investors considering a purchase of Magnite Inc (Symbol: MGNI) shares, but tentative about paying the going market price of $10.74/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $10 strike, which has a bid at the time of this writing of $2.15. Collecting that bid as the premium represents a 21.5% return against the $10 commitment, or a 29.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to MGNI's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $10 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Magnite Inc sees its shares fall 6.4% and the contract is exercised (resulting in a cost basis of $7.85 per share before broker commissions, subtracting the $2.15 from $10), the only upside to the put seller is from collecting that premium for the 29.1% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Magnite Inc, and highlighting in green where the $10 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2026 put at the $10 strike for the 29.1% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Magnite Inc (considering the last 249 trading day closing values as well as today's price of $10.74) to be 64%. For other put options contract ideas at the various different available expirations, visit the MGNI Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Monday, the put volume among S&P 500 components was 961,483 contracts, with call volume at 1.13M, for a put:call ratio of 0.85 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today.
Also see:
ETFs With Notable Inflows
FSBC Videos
IVOO Dividend History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Commit To Purchase Magnite At $10, Earn 29.1% Annualized Using Options

Magnite (MGNI) Q4 2024 Earnings Call Transcript

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Robinhood Markets Inc (Symbol: HOOD), where a total volume of 110,839 contracts has been traded thus far today, a contract volume which is representative of approximately 11.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.9% of HOOD's average daily trading volume over the past month, of 20.2 million shares. Especially high volume was seen for the $51 strike call option expiring January 24, 2025, with 10,344 contracts trading so far today, representing approximately 1.0 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $51 strike highlighted in orange:
Cheniere Energy Inc. (Symbol: LNG) options are showing a volume of 9,322 contracts thus far today. That number of contracts represents approximately 932,200 underlying shares, working out to a sizeable 51.5% of LNG's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $220 strike put option expiring February 21, 2025, with 2,004 contracts trading so far today, representing approximately 200,400 underlying shares of LNG. Below is a chart showing LNG's trailing twelve month trading history, with the $220 strike highlighted in orange:
And Magnite Inc (Symbol: MGNI) options are showing a volume of 7,816 contracts thus far today. That number of contracts represents approximately 781,600 underlying shares, working out to a sizeable 51.3% of MGNI's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $16 strike call option expiring February 21, 2025, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of MGNI. Below is a chart showing MGNI's trailing twelve month trading history, with the $16 strike highlighted in orange:
For the various different available expirations for HOOD options, LNG options, or MGNI options, visit StockOptionsChannel.com.
Also see:
TAXI Videos
Hurco Cos Historical Earnings
NAPR Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Wednesday Option Activity: HOOD, LNG, MGNI

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Fidelity MSCI Communication Services Index ETF (Symbol: FCOM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $66.99 per unit.
With FCOM trading at a recent price near $59.96 per unit, that means that analysts see 11.72% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FCOM's underlying holdings with notable upside to their analyst target prices are Cogent Communications Holdings, Inc. (Symbol: CCOI), Magnite Inc (Symbol: MGNI), and Grindr Inc (Symbol: GRND). Although CCOI has traded at a recent price of $72.44/share, the average analyst target is 14.20% higher at $82.73/share. Similarly, MGNI has 13.16% upside from the recent share price of $16.62 if the average analyst target price of $18.81/share is reached, and analysts on average are expecting GRND to reach a target price of $19.50/share, which is 12.46% above the recent price of $17.34. Below is a twelve month price history chart comparing the stock performance of CCOI, MGNI, and GRND:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
Also see:
APLS Videos
IPOB Options Chain
DCPH Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

How The Parts Add Up: FCOM Headed For $67

Magnite's MGNI shares have soared 30.9% over the past three months, outperforming the Zacks Computer and Technology sector’s appreciation of 5.5% and the Zacks Internet – Software industry’s return of 4%.
MGNI's shares have also outperformed its peers like Amazon, Alphabet and Microsoft MSFT, which have gained 18.1%, 13.4% and 0.6%, respectively, in the same time frame.
MGNI’s remarkable performance can be attributed to growth in its Connected TV (CTV) segment, strategic partnerships with industry leaders and the success of its self-service platform, ClearLine.
MGNI’s CTV and Strategic Partnerships Drive Strong Growth
MGNI is benefiting from robust growth in CTV, with contributions excluding Traffic Acquisition Costs (ex-TAC) from CTV increasing 23% year over year in third-quarter 2024. The growth is being driven by increased ad spend, programmatic adoption by industry giants like Roku, Disney DIS, Warner Bros. Discovery and LG, and significant contributions from political advertising.
MGNI’s self-service platform, ClearLine, continues to gain momentum with over 20 agencies and brands actively leveraging its features. Innovations like the SpringServe and Magnite streaming SSP combination are making the company poised as a programmatic-first partner in the industry.
Strategic partnerships with Netflix NFLX and Disney further strengthen MGNI’s market position. Its expanded deal with Disney now includes live sports, international markets and podcasts, with Disney inventory also integrated into ClearLine.
MGNI’s partnership with Netflix is also expanding as the platform is rolling out Magnite-powered programmatic solutions, which is expected to substantially boost revenues in 2025.
MGNI’s Earnings Estimate Trend Steady
The Zacks Consensus Estimate for MGNI’s fourth-quarter 2024 earnings is currently pegged at 35 cents per share and has remained unchanged over the past 30 days.
The consensus mark for fourth-quarter revenues is pegged at $184.11 million, indicating year over year growth of 11.39%.
The Zacks Consensus Estimate for MGNI’s full-year 2024 earnings has remained steady at 71 cents per share over the past 30 days.
The consensus mark for MGNI’s 2024 revenues is pegged at $610.85 million, indicating year-over-year growth of 8.45%.
MGNI beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and was in line in one quarter, the average surprise being 197.40%.
Magnite, Inc. Price and Consensus
Magnite, Inc. price-consensus-chart | Magnite, Inc. Quote
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
What Should Investors Do With MGNI Stock?
MGNI’s strong growth prospects, driven by its thriving CTV segment, strategic partnerships and innovations like ClearLine and SpringServe, position the company for continued success.
MGNI currently has a Zacks Rank #2 (Buy) and Growth Score of B, a favorable combination that offers strong investment opportunity, per the Zacks proprietary methodology. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	0.00 15.04
Price/Sales	3.48 0.99
P/B	3.23 1.44
P/FCF	11.72 11.54

Indicator	TTM Median
ROE	-0.72 13.09
ROA	-0.20 4.76
Net Worth	2.29 0.77
Quick Ratio	0.00 0.94
Current Ratio	1.11 1.25

Indicator	TTM Median
Net Profit Margin	-0.77 9.66
Operating Margin	2.00 14.22
Gross Margin	56.24 54.08
Return on tangible equity	1.49 25.55

Indicator	TTM Median
EPS	0.07 0.25
EPS Forecast	0.03 0.22
Revenue	163.00M 89.00M
Gross Profit	100.00M —
EBITDA	25.00M —

Magnite, Inc.

Fundamental MGNI

Valuation

Debts

Efficiency

Other ratios

Revenue