P.A.W. Capital Corp Has $3.14 Million Stake in Magnite, Inc. $MGNI

P.A.W. Capital Corp lowered its stake in Magnite, Inc. (NASDAQ:MGNI) by 13.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,000 shares of the company’s stock after selling 20,000 shares during the quarter. Magnite accounts for 6.0% of P.A.W. Capital Corp’s portfolio, making the stock its 5th largest position. P.A.W. Capital Corp owned about 0.09% of Magnite worth $3,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MGNI. ARS Investment Partners LLC bought a new position in Magnite in the second quarter valued at about $543,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Magnite by 2.3% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 614,317 shares of the company’s stock worth $14,817,000 after purchasing an additional 13,652 shares during the period. MTM Investment Management LLC bought a new position in shares of Magnite in the 2nd quarter worth approximately $58,000. Cetera Investment Advisers boosted its holdings in shares of Magnite by 15.8% in the second quarter. Cetera Investment Advisers now owns 39,163 shares of the company’s stock worth $945,000 after buying an additional 5,342 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Magnite by 72.4% during the second quarter. SG Americas Securities LLC now owns 41,378 shares of the company’s stock valued at $998,000 after buying an additional 17,373 shares during the period. Institutional investors own 73.40% of the company’s stock.

Magnite Stock Up 0.3%

NASDAQ MGNI opened at $13.40 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $19.31 and its 200 day moving average is $20.23. Magnite, Inc. has a 12 month low of $8.22 and a 12 month high of $26.65. The stock has a market cap of $1.92 billion, a PE ratio of 46.21, a P/E/G ratio of 1.42 and a beta of 3.13.

Magnite (NASDAQ:MGNI) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Magnite had a return on equity of 8.07% and a net margin of 6.30%.The company had revenue of $179.49 million during the quarter, compared to analyst estimates of $163.29 million. During the same period in the prior year, the company earned $0.17 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. Magnite has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict that Magnite, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

MGNI has been the topic of several recent research reports. Scotiabank reiterated an “outperform” rating and issued a $30.00 price target (up from $22.00) on shares of Magnite in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Magnite in a research note on Wednesday, October 8th. Wall Street Zen downgraded Magnite from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Benchmark boosted their price target on Magnite from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada raised their price objective on Magnite from $19.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.20.

Insider Buying and Selling

In related news, insider Adam Lee Soroca sold 10,857 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $13.23, for a total value of $143,638.11. Following the transaction, the insider owned 326,114 shares of the company’s stock, valued at $4,314,488.22. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Gephart sold 27,671 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $24.71, for a total value of $683,750.41. Following the transaction, the chief accounting officer directly owned 92,898 shares in the company, valued at $2,295,509.58. The trade was a 22.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 192,849 shares of company stock worth $4,633,030 over the last three months. 4.30% of the stock is currently owned by company insiders.

Magnite Profile

Magnite, Inc, together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company’s platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.