Magnite (NASDAQ:MGNI) Price Target Lowered to $13.00 at Wells Fargo & Company

Magnite (NASDAQ:MGNI) had its price target decreased by Wells Fargo & Company from $20.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 4.34% from the company’s current price.

MGNI has been the topic of several other research reports. Rosenblatt Securities restated a “buy” rating and set a $39.00 price objective on shares of Magnite in a research note on Thursday. Evercore reiterated an “outperform” rating and issued a $20.00 target price on shares of Magnite in a research report on Thursday. Benchmark dropped their price target on Magnite from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Magnite in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Magnite from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.10.

Magnite Stock Up 0.8%

Shares of MGNI traded up $0.11 during midday trading on Friday, hitting $13.59. The company had a trading volume of 1,373,980 shares, compared to its average volume of 2,503,911. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.65 and a beta of 2.39. The company’s 50 day moving average price is $14.31 and its 200 day moving average price is $17.68. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. Magnite has a 52 week low of $8.22 and a 52 week high of $26.65.

Insider Buying and Selling at Magnite

In related 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 value of $258,348.00. Following the sale, the insider directly owned 388,425 shares in the company, valued at $4,661,100. This trade represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in Magnite by 85.0% during the fourth quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock valued at $209,696,000 after buying an additional 5,937,428 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Magnite by 67.7% in the 4th quarter. Wellington Management Group LLP now owns 8,629,238 shares of the company’s stock valued at $140,053,000 after acquiring an additional 3,484,689 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new position in shares of Magnite during the 4th quarter valued at about $38,695,000. American Century Companies Inc. grew its stake in shares of Magnite by 63.1% in the 2nd quarter. American Century Companies Inc. now owns 4,829,197 shares of the company’s stock worth $116,480,000 after purchasing an additional 1,868,188 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Magnite by 419.4% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,793,830 shares of the company’s stock worth $43,267,000 after purchasing an additional 1,448,456 shares in the last quarter. Institutional investors own 73.40% of the company’s stock.

Key Headlines Impacting Magnite

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

About Magnite

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).