Rosenblatt Securities Reiterates “Buy” Rating for Magnite (NASDAQ:MGNI)

Magnite (NASDAQ:MGNI)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $39.00 price objective on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 186.34% from the company’s previous close.

Several other equities research analysts have also recently weighed in on MGNI. Wells Fargo & Company reduced their price objective on Magnite from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Wall Street Zen cut Magnite from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Magnite in a research report on Thursday, January 22nd. Finally, Benchmark restated a “buy” rating on shares of Magnite in a report on Monday, January 12th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.10.

Magnite Stock Performance

Magnite stock opened at $13.62 on Thursday. The company’s 50-day moving average price is $14.25 and its 200-day moving average price is $17.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.97 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 0.73 and a beta of 2.39. Magnite has a twelve month low of $8.22 and a twelve month high of $26.65.

Insider Activity at Magnite

In other news, insider Adam Lee Soroca sold 21,529 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was 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 approximately $4,661,100. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Magnite

Hedge funds have recently bought and sold shares of the business. Pillsbury Lake Capital LLC purchased a new stake in Magnite in the fourth quarter worth $9,473,000. Wellington Management Group LLP grew its holdings in shares of Magnite by 67.7% in the fourth quarter. Wellington Management Group LLP now owns 8,629,238 shares of the company’s stock worth $140,053,000 after purchasing an additional 3,484,689 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in Magnite in the 4th quarter worth about $38,695,000. Man Group plc bought a new stake in Magnite during the 4th quarter valued at about $5,056,000. Finally, Engineers Gate Manager LP bought a new stake in Magnite during the 4th quarter valued at about $668,000. 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 emphasized strong CTV growth and strategic shifts on the Q4 earnings call, which investors view as a structural tailwind for ad-platform monetization. Earnings Highlights
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $39 price target (very large implied upside), signaling continued conviction from some buy‑side analysts. Rosenblatt Note
• Positive Sentiment: Benchmark trimmed its target modestly to $30 but kept a “buy” rating, leaving a sizable upside case relative to the current price. Benchmark Note
• Neutral Sentiment: The full Q4 earnings transcript and the investor presentation are available for deeper read‑throughs of product commentary, sales cadence, and margin details. These materials will matter for forward modeling but are informational rather than market-moving by themselves. Earnings Transcript Presentation
• Negative Sentiment: Magnite missed Q4 revenue estimates, raising near-term growth concerns and pressuring valuation assumptions. Revenue Miss
• Negative Sentiment: Management reduced guidance: Q1 revenue set at $157.0M–$161.0M (vs. $163.8M consensus) and FY revenue guided to $743.3M (below the $759.5M consensus), signaling a more cautious near‑term outlook. Guidance Update
• Negative Sentiment: Wells Fargo cut its price target sharply to $13 and moved to “equal weight” (essentially neutral-to-slightly-negative), removing upside from one notable sell‑side voice. Wells Fargo Cut
• Negative Sentiment: Magnite disclosed a high‑stakes legal dispute with Google that the company says could materially affect revenue and reputation — a downside risk that could pressure multiple and bookings if outcomes are adverse. Legal Risk

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).