501,578 Shares in Magnite, Inc. $MGNI Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new stake in Magnite, Inc. (NASDAQ:MGNI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 501,578 shares of the company’s stock, valued at approximately $5,959,000.

A number of other large investors also recently made changes to their positions in MGNI. Stephens Investment Management Group LLC lifted its position in shares of Magnite by 17.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,128,578 shares of the company’s stock worth $18,317,000 after buying an additional 164,035 shares in the last quarter. Royce & Associates LP grew its stake in shares of Magnite by 19.5% during the 4th quarter. Royce & Associates LP now owns 1,166,469 shares of the company’s stock worth $18,932,000 after acquiring an additional 190,318 shares during the period. Meros Investment Management LP increased its stake in shares of Magnite by 34.5% in the fourth quarter. Meros Investment Management LP now owns 825,595 shares of the company’s stock worth $13,399,000 after purchasing an additional 211,767 shares in the last quarter. Capital Research Global Investors raised its holdings in Magnite by 85.0% during the 4th quarter. Capital Research Global Investors now owns 12,920,289 shares of the company’s stock valued at $209,696,000 after acquiring an additional 5,937,428 shares during the period. Finally, CenterBook Partners LP raised its stake in shares of Magnite by 137.1% during the 4th quarter. CenterBook Partners LP now owns 172,546 shares of the company’s stock valued at $2,800,000 after purchasing an additional 99,760 shares during the period. 73.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Magnite in a research note on Thursday, April 16th. Wells Fargo & Company upped their price objective on shares of Magnite from $15.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Magnite in a research report on Thursday, May 28th. BTIG Research initiated coverage on shares of Magnite in a research report on Tuesday, June 9th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Evercore reissued an “outperform” rating and set a $21.00 target price on shares of Magnite in a research note on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Insider Activity

In other Magnite news, insider Sean Patrick Buckley sold 19,233 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $21.03, for a total value of $404,469.99. Following the completion of the transaction, the insider directly owned 354,281 shares in the company, valued at $7,450,529.43. This represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Caine sold 5,000 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $20.64, for a total transaction of $103,200.00. Following the transaction, the director owned 162,401 shares of the company’s stock, valued at approximately $3,351,956.64. This represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 491,639 shares of company stock worth $8,676,734. 3.20% of the stock is currently owned by insiders.

Key Stories Impacting Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Q2 results exceeded expectations. Revenue increased 11% year over year to $192.8 million, while non-GAAP EPS was $0.26 versus consensus estimates ranging from $0.15 to $0.25. Contribution ex-TAC reached $189.6 million, above the company’s $177 million-$181 million target range. Magnite Reports Second Quarter 2026 Results
• Positive Sentiment: CTV remained the primary growth engine. CTV contribution ex-TAC rose 36% year over year to $97.1 million, beating guidance of $90 million-$92 million. DV+ also returned to growth, increasing 2% to $92.5 million, suggesting broader stabilization across Magnite’s advertising platform. Magnite Q2 2026 Earnings Call Transcript
• Positive Sentiment: Profitability improved substantially. Adjusted EBITDA grew 30% to $70.6 million, with the margin expanding to 37% from 34% a year earlier. Net income increased to $19.4 million from $11.1 million, and operating cash flow was $57.4 million. Magnite Earnings Report
• Positive Sentiment: Management raised its 2026 outlook. Magnite now expects contribution ex-TAC growth of 13%-14%, adjusted EBITDA growth above 20%, an adjusted EBITDA margin of at least 37% and free-cash-flow growth in the high-40% range. Third-quarter contribution ex-TAC guidance of $188 million-$192 million is also above the roughly $185 million consensus estimate. Magnite Raises Full-Year 2026 Outlook
• Neutral Sentiment: Some financial-data reports described the quarter as a revenue-estimate miss, reflecting differences in revenue versus contribution ex-TAC estimates. However, the company’s reported revenue and core operating metrics exceeded the estimates cited in its earnings release, making the outlook upgrade the more important investor takeaway. Magnite Q2 Revenue Estimates Report

Magnite Trading Down 0.9%

Magnite stock opened at $20.67 on Thursday. The business’s fifty day moving average is $18.28 and its 200 day moving average is $14.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $2.96 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.06 and a beta of 2.26. Magnite, Inc. has a one year low of $10.82 and a one year high of $26.65.

Magnite (NASDAQ:MGNI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The firm had revenue of $192.82 million for the quarter, compared to the consensus estimate of $179.15 million. During the same period last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that Magnite, Inc. will post 0.55 EPS for the current year.

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).