Magnite, Inc. (MGNI)

Over the past six months, Magnite's stock (MGNI) has experienced notable movements. The stock price increased by 62.20% over the last six months, and 57.50% over the last year, but decreased by 15.19% in the past month. In October 2025, Magnite cleared a key benchmark, hitting an 80-Plus RS Rating, expanded its global reach with a DNPA deal and CTV innovations, and announced it would release its Q3 2025 financial results on November 5, 2025. In September 2025, Magnite filed a lawsuit against Google over alleged monopolistic and anticompetitive behavior, acquired streamr.ai, and rolled out Pause Ads. In August 2025, Magnite reported its Q2 2025 financial results on August 6, 2025, with strong revenue and free cash flow growth, although revenue missed Wall Street's expectations. In June 2025, the stock rallied to a 5-year high, partly due to a price target hike and struggles faced by a competitor, The Trade Desk, in rolling out a new operating system.

Magnite operates in the digital advertising technology industry, which is subject to market trends and seasonality, and benefits from secular growth trends in digital and CTV advertising. Connected TV (CTV) advertising is a high-growth area, with Magnite strategically focusing on expanding its presence in this market. The DV+ segment also shows growth, driven by new product functionality and contributions from recently announced partners. While overall growth is strong, CTV CPMs (cost per mille) declined since Q3 2024, indicating that advertising rates can fluctuate. There is an increasing demand for advanced ad targeting and privacy-compliant solutions.

Magnite, Inc. operates as the world's largest independent sell-side advertising platform, enabling publishers and digital media owners to monetize their content across various formats and screens. The company was formed in 2020 through the merger of Rubicon Project and Telaria. Magnite primarily operates within the Media and Communication Services sectors, specifically in the Advertising and Advertising Agencies industries. Magnite's major products and services include its Supply Side Platform (SSP), which connects publishers' ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB), offering tools for auction optimization, header bidding, and audience segmentation. The company's offerings span Connected Television (CTV), online video, display, audio, and digital out-of-home (DOOH) ad exchanges. Key product pillars include its DV+ business, its programmatic CTV platform, and the SpringServe business. Magnite also offers Demand Manager for advertisers and agencies, and ClearLine for direct deals.

Magnite is headquartered in Los Angeles, California, with a significant presence also noted in New York, New York. The company maintains a global geographic footprint with offices across North America, EMEA (Europe, Middle East, and Africa), LATAM (Latin America), and APAC (Asia-Pacific). Specific office locations include Boston, Broomfield (Colorado), San Francisco, Seattle, Toronto, Belfast, Berlin, London, Milan, Mumbai, Paris, São Paulo, Singapore, Stockholm, Sydney, and Tokyo.

In the past year, Magnite's brand reputation has been influenced by several events, maintaining a news sentiment score of 1.27, which is higher than the average for Computer and Technology companies. Magnite has been recognized as the world's largest independent omnichannel SSP and the largest independent programmatic CTV marketplace, benefiting from the resurgence in CTV advertising. The company is incorporating generative AI into its products and announced a global partnership with Scope3 to integrate carbon emissions data across its inventory. However, Magnite filed a lawsuit against Google over alleged monopolistic and anticompetitive behavior, which could draw scrutiny.

As of Q4 2024, institutional investors hold a significant portion of Magnite's stock, with 73.40% of the stock held by institutions. Some of Magnite's top institutional investors include Nordea Investment Management AB, Kopion Asset Management LLC, Moody National Bank Trust Division, and Voya Investment Management LLC. Insiders own 4.30% of the stock. In the past three months, Magnite insiders have sold more company stock than they have bought, with sales totaling $7,877,776.00.