Magnite (MGNI) Expected to Release Quarterly Earnings on Wednesday

Magnite (NASDAQ:MGNI) is expected to be issuing its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.2860 per share and revenue of $190.16 million for the quarter. Investors are encouraged to explore the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 4:30 PM ET.

Magnite (NASDAQ:MGNI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $192.82 million during the quarter, compared to the consensus estimate of $179.15 million. During the same period in the prior year, the firm posted $0.20 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, analysts expect Magnite to post $0.61 EPS for the current fiscal year and $0.91 EPS for the next fiscal year.

Magnite Trading Up 0.9%

Magnite stock opened at $21.82 on Wednesday. The business’s 50 day simple moving average is $24.10 and its 200 day simple moving average is $17.54. Magnite has a 12 month low of $10.82 and a 12 month high of $26.84.

Insider Activity at Magnite

In other news, insider Katie Evans sold 13,997 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $24.00, for a total value of $335,928.00. Following the completion of the transaction, the insider directly owned 441,800 shares in the company, valued at approximately $10,603,200. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Caine sold 12,500 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $25.29, for a total transaction of $316,125.00. Following the transaction, the director owned 124,901 shares in the company, valued at $3,158,746.29. The trade was a 9.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 680,259 shares of company stock worth $15,993,244 in the last three months. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

MGNI has been the subject of several analyst reports. Royal Bank Of Canada raised their target price on Magnite from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Susquehanna raised their price objective on shares of Magnite from $22.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. BTIG Research reaffirmed a “buy” rating and set a $27.00 price objective on shares of Magnite in a research note on Wednesday, September 9th. Wells Fargo & Company upped their target price on shares of Magnite from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, B. Riley Financial increased their target price on shares of Magnite from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.36.

Magnite Company Profile

Magnite, Inc operates an independent omnichannel sell-side advertising platform that helps publishers and digital media owners monetize their content while enabling advertisers to reach audiences across multiple channels. Its platform supports the buying and selling of digital advertising inventory through automated auctions and direct transactions.

The company’s solutions serve connected television and streaming video, online display and mobile advertising, audio, and digital out-of-home media.