Magnite (MGNI) Projected to Release Earnings on Wednesday

Magnite (NASDAQ:MGNI) is anticipated to post its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect the company to announce earnings of $0.2484 per share and revenue of $179.1860 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 4:30 PM ET.

Magnite (NASDAQ:MGNI) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $164.37 million during the quarter, compared to the consensus estimate of $159.24 million. Magnite had a net margin of 21.96% and a return on equity of 8.40%. Magnite’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. On average, analysts expect Magnite to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Magnite Trading Up 0.3%

MGNI opened at $19.77 on Wednesday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 18.96, a P/E/G ratio of 0.97 and a beta of 2.25. The firm’s 50 day moving average is $17.48 and its 200-day moving average is $14.63. Magnite has a 52-week low of $10.82 and a 52-week high of $26.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.38.

Insider Transactions at Magnite

In other news, CEO Michael G. Barrett sold 178,596 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $16.59, for a total transaction of $2,962,907.64. Following the completion of the transaction, the chief executive officer owned 403,074 shares of the company’s stock, valued at approximately $6,686,997.66. This represents a 30.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David T. Pearson sold 10,766 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $15.65, for a total transaction of $168,487.90. Following the completion of the sale, the director owned 79,001 shares of the company’s stock, valued at approximately $1,236,365.65. The trade was a 11.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 491,639 shares of company stock worth $8,676,734. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Magnite

Several large investors have recently added to or reduced their stakes in MGNI. US Bancorp DE lifted its position in Magnite by 75.8% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $35,000 after purchasing an additional 688 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Magnite by 45.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,428 shares of the company’s stock valued at $53,000 after acquiring an additional 755 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Magnite by 20.5% in the second quarter. Smartleaf Asset Management LLC now owns 3,387 shares of the company’s stock valued at $82,000 after acquiring an additional 577 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Magnite in the 3rd quarter worth about $83,000. Finally, Quantbot Technologies LP bought a new stake in shares of Magnite during the third quarter worth $88,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MGNI shares. Evercore reissued an “outperform” rating and issued a $21.00 price target on shares of Magnite in a report on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Magnite in a report on Thursday, April 16th. BTIG Research initiated coverage on Magnite in a report on Tuesday, June 9th. They set a “buy” rating and a $20.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Magnite in a report on Thursday, May 28th. Finally, Scotiabank upped their price target on shares of Magnite from $16.00 to $17.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Magnite presently has an average rating of “Moderate Buy” and a consensus target price of $24.56.

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).