After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Mediaocean and Magnite Strike Exclusive Partnership to Automate Media Planning, Execution, and Reconciliation in Streaming TV.
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Stocks Info
This NASDAQ-listed company operates within the Advertising Agencies industry segment, falling under the Communication Services sector. The current market capitalization of Magnite Inc is $1.60B. A total of 0.73 million shares were traded on the day, compared to an average of 1.09M shares.
In the most recent transaction, BARRETT MICHAEL G. sold 75,000 shares of MGNI for 11.21 per share on Mar 15 ’24. After the transaction, the CEO now owns 1,234,662 company shares. In a previous transaction on Mar 14 ’24, Soroca Adam Lee sold 17,245 shares at 11.32 per share. MGNI shares that CHIEF PRODUCT OFFICER owns now total 493,467.
Among the insiders who sold shares, BARRETT MICHAEL G. disposed of 75,000 shares on Nov 15 ’23 at a per-share price of $7.80. This resulted in the CEO holding 1,219,203 shares of MGNI after the transaction. In another insider transaction, Buonasera David sold 5,444 shares at $8.58 per share on Sep 06 ’23. Company shares held by the Chief Technology Officer now total 207,246.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MGNI has a high of $15.73 and a low of $6.28.
As of this writing, MGNI has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.03. The company reported an EPS of $0.12 in the last quarter, which was 50.00% higher than expectations of $0.08.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MGNI’s latest balance sheet shows that the firm has $230.40M in Cash & Short Term Investments as of fiscal 2021. There were $809.25M in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $5.06, while its Total Shareholder’s Equity was $880.76M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGNI is Buy with a score of 4.43.
