Benchmark Lowers Magnite (NASDAQ:MGNI) Price Target to $30.00

Magnite (NASDAQ:MGNI) had its price objective reduced by equities researchers at Benchmark from $31.00 to $30.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 120.26% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $39.00 price target on shares of Magnite in a research note on Thursday. Wells Fargo & Company reduced their target price on Magnite from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Magnite in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Magnite from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.10.

Magnite Stock Up 1.0%

Shares of Magnite stock opened at $13.62 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. Magnite has a 12-month low of $8.22 and a 12-month high of $26.65. The company has a market cap of $1.97 billion, a P/E ratio of 14.49, a PEG ratio of 0.73 and a beta of 2.39. The company’s fifty day simple moving average is $14.25 and its two-hundred day simple moving average is $17.62.

Insider Activity at Magnite

In related news, insider Adam Lee Soroca sold 21,529 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $12.00, for a total value of $258,348.00. Following the sale, the insider owned 388,425 shares in the company, valued at $4,661,100. This represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Magnite

A number of institutional investors have recently modified their holdings of MGNI. Neo Ivy Capital Management purchased a new position in shares of Magnite in the 3rd quarter worth about $27,000. US Bancorp DE increased its stake in Magnite by 75.8% during the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $35,000 after purchasing an additional 688 shares in the last quarter. State of Wyoming purchased a new position in Magnite in the third quarter worth about $39,000. USA Financial Formulas bought a new position in shares of Magnite in the third quarter worth approximately $40,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Magnite during the fourth quarter valued at approximately $41,000. 73.40% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Management emphasized strong CTV growth and strategic shifts on the Q4 earnings call, which investors view as a structural tailwind for ad-platform monetization. Earnings Highlights
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $39 price target (very large implied upside), signaling continued conviction from some buy‑side analysts. Rosenblatt Note
• Positive Sentiment: Benchmark trimmed its target modestly to $30 but kept a “buy” rating, leaving a sizable upside case relative to the current price. Benchmark Note
• Neutral Sentiment: The full Q4 earnings transcript and the investor presentation are available for deeper read‑throughs of product commentary, sales cadence, and margin details. These materials will matter for forward modeling but are informational rather than market-moving by themselves. Earnings Transcript Presentation
• Negative Sentiment: Magnite missed Q4 revenue estimates, raising near-term growth concerns and pressuring valuation assumptions. Revenue Miss
• Negative Sentiment: Management reduced guidance: Q1 revenue set at $157.0M–$161.0M (vs. $163.8M consensus) and FY revenue guided to $743.3M (below the $759.5M consensus), signaling a more cautious near‑term outlook. Guidance Update
• Negative Sentiment: Wells Fargo cut its price target sharply to $13 and moved to “equal weight” (essentially neutral-to-slightly-negative), removing upside from one notable sell‑side voice. Wells Fargo Cut
• Negative Sentiment: Magnite disclosed a high‑stakes legal dispute with Google that the company says could materially affect revenue and reputation — a downside risk that could pressure multiple and bookings if outcomes are adverse. Legal Risk

Magnite Company Profile

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).