B. Riley Securities initiated coverage on Magnite with a new price target
$MGNI
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Technology
B. Riley Securities initiated coverage of Magnite with a rating of Buy and set a new price target of $15.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2024 | $17.00 → $20.00 | Buy | Needham |
| 12/5/2024 | $22.00 | Sector Outperform | Scotiabank |
| 10/29/2024 | $13.00 | Equal Weight | Wells Fargo |
| 7/25/2024 | $21.00 | Buy | Lake Street |
| 7/16/2024 | $16.00 | Outperform | Wolfe Research |
| 5/24/2024 | $13.00 → $15.00 | Neutral → Buy | BofA Securities |
| 4/19/2024 | $14.50 | Buy | B. Riley Securities |
| 1/11/2024 | $11.00 | Neutral | BofA Securities |
4 - MAGNITE, INC. (0001595974) (Issuer)
4 - MAGNITE, INC. (0001595974) (Issuer)
4 - MAGNITE, INC. (0001595974) (Issuer)
NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, leads the market with 99% of CTV supply coverage and 96% of overall omnichannel supply coverage, according to the latest Jounce Supply Benchmarking Report. Magnite's comprehensive coverage in the CTV ecosystem maintains a more than 24% lead over the next company in the study. Magnite is the only sell-side advertising company that has direct relationships with leading media owners including Disney and Netflix, in addition to long-standing partnerships with publishers including Roku, Warner Bros. Discovery, and others. Magnite has preferred integrations with over 90% of
Total Revenue up 4% & Contribution ex-TAC(1) up 9% in Fourth Quarter Contribution ex-TAC(1) from CTV Grows 23% in Fourth Quarter Adjusted EBITDA Margin(2) of 42% in Fourth Quarter NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2024. Recent Highlights: Revenue of $194.0 million for Q4 2024, up 4% from Q4 2023Contribution ex-TAC(1) of $180.2 million for Q4 2024, an increase of 9% from Q4 2023Contribution ex-TAC(1) attributable to CTV for Q4 2024 of $77.9 million, which exceeded guidance of $75 to $77 million, and
NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, and DIRECTV Advertising, a pioneer in the converged TV addressable space, are leveraging programmatic demand capabilities to unlock the full potential of live streaming advertising. Magnite and DIRECTV Advertising's collaboration addresses significant advertising challenges in live streaming, from responding to unpredictable traffic volume to delivering diverse ad experiences. Earlier this year, DIRECTV Advertising announced the programmatic enablement of their satellite-connected devices. The unbridling of DIRECTV's satellite inventory represents greater scale and acc
Total Revenue up 4% & Contribution ex-TAC(1) up 9% in Fourth Quarter Contribution ex-TAC(1) from CTV Grows 23% in Fourth Quarter Adjusted EBITDA Margin(2) of 42% in Fourth Quarter NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2024. Recent Highlights: Revenue of $194.0 million for Q4 2024, up 4% from Q4 2023Contribution ex-TAC(1) of $180.2 million for Q4 2024, an increase of 9% from Q4 2023Contribution ex-TAC(1) attributable to CTV for Q4 2024 of $77.9 million, which exceeded guidance of $75 to $77 million, and
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the fourth quarter ended December 31, 2024 after the market close on Wednesday, February 26, 2025. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number:(844) 875-6911 (for domestic callers)Direct dial number:(412) 902-6511 (for international callers)Passcode:Ask to join the Magnite conference callSimultaneous audio webcast:http://investor.magnite.com, under "Events and Presentations" Conference call replay Tol
Total Revenue Grows 8% & Contribution ex-TAC(1) Grows 12% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 23% Year-Over-Year NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended September 30, 2024. Q3 2024 Highlights: Supported Netflix's initial programmatic CTV ad launchRevenue of $162.0 million, up 8% year-over-yearContribution ex-TAC(1) of $149.4 million, up 12% year-over-yearContribution ex-TAC(1) attributable to CTV of $64.4 million, up 23% year-over-year, compared to guidance of $62.0 to $64.0 millionContribution ex-TAC(1) attrib
Needham reiterated coverage of Magnite with a rating of Buy and set a new price target of $20.00 from $17.00 previously
Scotiabank initiated coverage of Magnite with a rating of Sector Outperform and set a new price target of $22.00
Wells Fargo initiated coverage of Magnite with a rating of Equal Weight and set a new price target of $13.00
SYDNEY, Australia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, has announced that Yael Milbank has been appointed to the newly created role of Managing Director, Australia and New Zealand. Yael brings over 20 years of experience across both markets to the role, having most recently served as Magnite's Managing Director, New Zealand. Prior to this, he held roles at TVNZ and TradeMe, managing key relationships with publishers and agencies. Yael is tasked with accelerating Magnite's commercial growth in the ANZ market at a time when 90% of digital display and video dollars in the market are set to be transacted pro
Opening of a Stockholm location will support further growth in the region STOCKHOLM, April 04, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced the appointment of Natasha Westlund as the Head of Nordics and the opening of a new office in Stockholm, which will serve as the company's base across Sweden, Denmark, Norway, and Finland. As Head of Nordics, Natasha is the commercial lead across both seller and buyer teams building the company's business in the region. Natasha is based in the company's Stockholm office and reports to Magnite's SVP Head of EMEA Julie Selman. "We are investing resources to further support publis
NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising platform, today announced the appointment of David Buonasera as its Chief Technology Officer. Buonasera joined Magnite in 2021 when the company acquired SpringServe, the video ad serving platform he co-founded. Most recently, Buonasera has led Magnite's engineering efforts for CTV and served as a member of the company's Office of the CTO. In his new role, he will oversee Magnite's global technology organization, platforms, and infrastructure, reporting to its President and CEO, Michael Barrett. "David is a phenomenal leader and technologist," said Barrett. "For nearly t
10-K - MAGNITE, INC. (0001595974) (Filer)
8-K - MAGNITE, INC. (0001595974) (Filer)
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