Magnite (MGNI) to Release Earnings on Wednesday

Magnite (NASDAQ:MGNI) is expected to issue its Q1 2026 results after the market closes on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.1057 per share and revenue of $159.2390 million for the quarter. Parties can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 4:30 PM ET.

Magnite (NASDAQ:MGNI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $205.36 million for the quarter, compared to analysts’ expectations of $193.87 million. Magnite had a return on equity of 8.44% and a net margin of 20.25%.The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. On average, analysts expect Magnite to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Magnite Stock Performance

NASDAQ:MGNI opened at $13.72 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $1.96 billion, a P/E ratio of 14.60, a PEG ratio of 0.85 and a beta of 2.33. The company has a 50 day moving average price of $12.63 and a 200 day moving average price of $14.38. Magnite has a fifty-two week low of $10.82 and a fifty-two week high of $26.65.

Analyst Upgrades and Downgrades

MGNI has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Magnite in a research report on Thursday, April 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $39.00 price objective on shares of Magnite in a research report on Thursday, February 26th. Wells Fargo & Company lowered their price objective on shares of Magnite from $20.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Scotiabank lowered their price objective on shares of Magnite from $30.00 to $16.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Magnite in a research report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Magnite presently has a consensus rating of “Moderate Buy” and an average target price of $24.10.

Insider Transactions at Magnite

In other Magnite news, insider Adam Lee Soroca sold 21,529 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $12.00, for a total transaction of $258,348.00. Following the sale, the insider directly 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 Securities & Exchange Commission, which is available through this link. 4.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Magnite

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in Magnite by 75.8% during the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $35,000 after buying an additional 688 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Magnite by 45.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock worth $53,000 after buying an additional 755 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Magnite by 20.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company’s stock worth $82,000 after buying an additional 577 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Magnite during the 3rd quarter worth approximately $83,000. Finally, Quantbot Technologies LP acquired a new stake in Magnite during the 3rd quarter worth approximately $88,000. 73.40% of the stock is currently owned by institutional investors and hedge funds.

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).