Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
8/16/2023 | $11.00 → $14.00 | In-line → Outperform | Evercore ISI |
4/13/2023 | $15.00 | Buy | B. Riley Securities |
7/14/2022 | $18.00 | Buy | The Benchmark Company |
Total Revenue Grows 7% & Contribution ex-TAC(1) Grows 9% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 12% Year-Over-Year NEW YORK, Aug. 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 June 30, 2024. Q2 2024 Highlights: Revenue of $162.9 million, up 7% year-over-yearContribution ex-TAC(1) of $146.8 million, up 9% year-over-yearContribution ex-TAC(1) attributable to CTV of $63.0 million, up 12% year-over-year, compared to guidance of $59.0 to $61.0 millionContribution ex-TAC(1) attributable to DV+ of $83.8 million, up 7% year-over year, compared to gui
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the second quarter ended June 30, 2024 after the market close on Wednesday, August 7, 2024. 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
Total Revenue Grows 15% & Contribution ex-TAC(1) Grows 12% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 18% Year-Over-Year NEW YORK, May 08, 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 March 31, 2024. Q1 2024 Highlights: Revenue of $149.3 million, up 15% year-over-yearContribution ex-TAC(1) of $130.6 million, up 12% year-over-yearContribution ex-TAC(1) attributable to CTV of $54.9 million, up 18% year-over-year, compared to guidance of $49.0 to $51.0 millionContribution ex-TAC(1) attributable to DV+ of $75.7 million, up 9% year-over year, compared to
Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google reversed its long-standing plan to eliminate cookies in its Chrome browser due to industry and regulatory pushback. Advertisers and publishers use cookies and small text snippets to identify users and target ads. This decision follows objections from digital advertising companies and regulators to Google’s proposed alternative technologies. Ad-tech players protested, accusing Google of attempting to strengthen its monopoly in the space and making it more difficult for advertisers to track their ads’ performance. Instead of eliminating cookies, Google will now prompt Chrome users to decide whether to enable or disable cookies.
Wolfe Research analyst Shweta Khajuria initiates coverage on Magnite (NASDAQ:MGNI) with a Outperform rating.
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NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today announced the successful repricing of the outstanding loans under its senior secured term loan facility (Term Loan) due in February 2031. The $364 million repricing reduces the interest rate by 75 basis points to Term SOFR + 3.75% from the previous rate of Term SOFR + 4.5%. The interest rate improvement represents a cumulative reduction of 125 basis points compared to the rate prior to the refinancing of the Term Loan in February. There are no changes to the maturity of the Term Loan following this repricing, and all other terms are substantially unchang
PARIS, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced it will work with TF1 PUB, French leading video advertising network, to streamline access to the broadcaster's programmatic demand. Magnite joins TF1 PUB's list of technology partners to support the TF1 group's digital acceleration. The TF1 Group is now a major player in streaming in France, with the launch of TF1+ earlier this year. TF1+ is the leading free French streaming platform with 35 million streamers every month. Thanks to many innovative features such as Synchro, the first recommendation engine for content to watch with family and friends, TF1+
NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Blitz, a premier analytics platform offering real-time insights, stats, and improvement tools for gamers, has selected Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, as its preferred SSP. This builds on a successful partnership that has seen Blitz's gross revenue grow triple-digit percent on Magnite's DV+ SSP in the first half of 2024. Blitz is concentrating all programmatic deals through Magnite to offer advertisers easier access to the company's omnichannel inventory including display and video. Blitz offers a dedicated activity-tracking platform used by millions of engaged gamers worldwide, including in the US,
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Lake Street initiated coverage of Magnite with a rating of Buy and set a new price target of $21.00
Wolfe Research initiated coverage of Magnite with a rating of Outperform and set a new price target of $16.00
BofA Securities upgraded Magnite from Neutral to Buy and set a new price target of $15.00 from $13.00 previously
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