Wells Fargo & Company Issues Pessimistic Forecast for Magnite (NASDAQ:MGNI) Stock Price

Magnite (NASDAQ:MGNI) had its price target dropped by stock analysts at Wells Fargo & Company from $20.00 to $13.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 4.34% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Magnite in a report on Thursday, January 22nd. Evercore reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Magnite in a report on Thursday. Scotiabank reduced their target price on Magnite from $30.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday. Rosenblatt Securities restated a “buy” rating and set a $39.00 target price on shares of Magnite in a research report on Thursday. Finally, Wall Street Zen cut shares of Magnite from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Magnite presently has an average rating of “Moderate Buy” and an average target price of $24.10.

Magnite Stock Performance

Shares of Magnite stock traded up $0.11 on Friday, reaching $13.59. 1,373,980 shares of the stock were exchanged, compared to its average volume of 2,503,911. The firm has a market capitalization of $1.95 billion, a PE ratio of 14.46, a PEG ratio of 0.65 and a beta of 2.39. Magnite has a 1-year low of $8.22 and a 1-year high of $26.65. The business has a fifty day moving average price of $14.31 and a two-hundred day moving average price of $17.68. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43.

Insiders Place Their Bets

In other news, insider Adam Lee Soroca sold 21,529 shares of Magnite stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $12.00, for a total transaction of $258,348.00. Following the completion of the sale, the insider directly owned 388,425 shares in the company, valued at $4,661,100. The trade was a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Trading of Magnite

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Magnite by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 14,802,630 shares of the company’s stock worth $240,247,000 after buying an additional 148,198 shares in the last quarter. Capital Research Global Investors increased its position in shares of Magnite by 85.0% during the fourth quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock worth $209,696,000 after acquiring an additional 5,937,428 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Magnite by 67.7% in the fourth quarter. Wellington Management Group LLP now owns 8,629,238 shares of the company’s stock worth $140,053,000 after acquiring an additional 3,484,689 shares in the last quarter. Boston Partners boosted its holdings in Magnite by 5.7% in the second quarter. Boston Partners now owns 5,574,604 shares of the company’s stock valued at $133,037,000 after purchasing an additional 298,248 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Magnite by 63.1% in the second quarter. American Century Companies Inc. now owns 4,829,197 shares of the company’s stock valued at $116,480,000 after purchasing an additional 1,868,188 shares during the last quarter. 73.40% of the stock is owned by hedge funds and other institutional investors.

Magnite News Roundup

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Management highlighted strong connected-TV (CTV) growth and strategic shifts that could drive higher-margin revenue over time — a constructive operational signal for future monetization. Earnings Call Highlights
• Positive Sentiment: Analysts continue to show bullish conviction: Rosenblatt reaffirmed a Buy with a $39 price target, and Benchmark kept a Buy rating while trimming its PT slightly — analyst support can provide a floor and attract buyers. Rosenblatt / Benchmark coverage
• Neutral Sentiment: Full earnings materials and the call transcript/slides are available for deeper review (useful for modeling seasonality, CTV metrics and ad-exchange trends). Earnings Presentation
• Negative Sentiment: Forward guidance missed consensus: Q1 revenue guidance of $157M–$161M is below the street forecast (~$163.8M), and FY2026 revenue guidance of $743.3M is below consensus (~$759.5M) — guidance weakness is the primary near-term negative catalyst. Earnings / Guidance Release
• Negative Sentiment: Q4 was mixed: reported revenue was up year-over-year but EPS missed by $0.01 — mixed beats/misses leave execution questions for margin timing. Quarterly Results
• Negative Sentiment: New legal risk disclosed: Magnite faces a high-stakes litigation with Google that the company says could materially affect revenue and reputation — an outcome that could drive regulatory, customer or partner disruption if adverse. TipRanks: 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).