The closing price of Magnite Inc (NASDAQ: MGNI) was $8.69 for the day, down -1.47% from the previous closing price of $8.82. On the day, 1262406 shares were traded.
Ratios:
Our analysis of MGNI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.83.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on January 11, 2024, initiated with a Neutral rating and assigned the stock a target price of $11.
On August 16, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $11 to $14.
On April 13, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $15.B. Riley Securities initiated its Buy rating on April 13, 2023, with a $15 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 15 ’24 when BARRETT MICHAEL G. sold 75,000 shares for $11.21 per share. The transaction valued at 840,750 led to the insider holds 1,234,662 shares of the business.
Soroca Adam Lee sold 17,245 shares of MGNI for $195,213 on Mar 14 ’24. The CHIEF PRODUCT OFFICER now owns 493,467 shares after completing the transaction at $11.32 per share. On Nov 15 ’23, another insider, BARRETT MICHAEL G., who serves as the CEO of the company, sold 75,000 shares for $7.80 each. As a result, the insider received 585,000 and left with 1,219,203 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 1.72.
Stock Price History:
Over the past 52 weeks, MGNI has reached a high of $15.73, while it has fallen to a 52-week low of $6.28.
Shares Statistics:
A total of 138.58M shares are outstanding, with a floating share count of 122.17M. Insiders hold about 12.70% of the company’s shares, while institutions hold 74.51% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Magnite, Inc. analysts. The consensus estimate for the next quarter is $16.68, with high estimates of $79.08 and low estimates of $0.00.
Analysts are recommending an EPS of between $Consumer Defensive and $Financial Services for the fiscal current year, implying an average EPS of $Healthcare.
