Vanguard Group Inc. Grows Stock Holdings in Magnite, Inc. $MGNI

Vanguard Group Inc. raised its stake in Magnite, Inc. (NASDAQ:MGNI) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,654,432 shares of the company’s stock after buying an additional 1,092,147 shares during the period. Vanguard Group Inc. owned approximately 10.29% of Magnite worth $319,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MGNI. American Century Companies Inc. grew its holdings in shares of Magnite by 63.1% in the 2nd quarter. American Century Companies Inc. now owns 4,829,197 shares of the company’s stock worth $116,480,000 after acquiring an additional 1,868,188 shares during the period. Frontier Capital Management Co. LLC increased its position in shares of Magnite by 419.4% in the second quarter. Frontier Capital Management Co. LLC now owns 1,793,830 shares of the company’s stock valued at $43,267,000 after buying an additional 1,448,456 shares in the last quarter. Dilation Capital Management LP acquired a new position in shares of Magnite during the 2nd quarter worth $8,074,000. Boston Partners boosted its position in shares of Magnite by 5.7% in the 2nd quarter. Boston Partners now owns 5,574,604 shares of the company’s stock worth $133,037,000 after buying an additional 298,248 shares in the last quarter. Finally, Blue Grotto Capital LLC purchased a new position in Magnite during the 2nd quarter valued at about $6,869,000. 73.40% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Magnite

Here are the key news stories impacting Magnite this week:

• Positive Sentiment: Management emphasized strong CTV growth and strategic shifts on the Q4 earnings call, which investors view as a structural tailwind for ad-platform monetization. Earnings Highlights
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $39 price target (very large implied upside), signaling continued conviction from some buy‑side analysts. Rosenblatt Note
• Positive Sentiment: Benchmark trimmed its target modestly to $30 but kept a “buy” rating, leaving a sizable upside case relative to the current price. Benchmark Note
• Neutral Sentiment: The full Q4 earnings transcript and the investor presentation are available for deeper read‑throughs of product commentary, sales cadence, and margin details. These materials will matter for forward modeling but are informational rather than market-moving by themselves. Earnings Transcript Presentation
• Negative Sentiment: Magnite missed Q4 revenue estimates, raising near-term growth concerns and pressuring valuation assumptions. Revenue Miss
• Negative Sentiment: Management reduced guidance: Q1 revenue set at $157.0M–$161.0M (vs. $163.8M consensus) and FY revenue guided to $743.3M (below the $759.5M consensus), signaling a more cautious near‑term outlook. Guidance Update
• Negative Sentiment: Wells Fargo cut its price target sharply to $13 and moved to “equal weight” (essentially neutral-to-slightly-negative), removing upside from one notable sell‑side voice. Wells Fargo Cut
• Negative Sentiment: Magnite disclosed a high‑stakes legal dispute with Google that the company says could materially affect revenue and reputation — a downside risk that could pressure multiple and bookings if outcomes are adverse. Legal Risk

Analyst Ratings Changes

A number of equities research analysts have commented on MGNI shares. Wall Street Zen cut Magnite from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Benchmark reduced their target price on Magnite from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Magnite in a research note on Thursday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $39.00 price objective on shares of Magnite in a research note on Thursday. Finally, Wells Fargo & Company cut their price objective on shares of Magnite from $20.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.10.

Insider Transactions at Magnite

In other Magnite news, insider Adam Lee Soroca sold 21,529 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $12.00, for a total value of $258,348.00. Following the transaction, the insider directly owned 388,425 shares of the company’s stock, valued at $4,661,100. This represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.80% of the stock is owned by corporate insiders.

Magnite Stock Performance

NASDAQ:MGNI opened at $13.62 on Friday. Magnite, Inc. has a twelve month low of $8.22 and a twelve month high of $26.65. The firm’s fifty day simple moving average is $14.25 and its 200 day simple moving average is $17.62. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.73 and a beta of 2.39.

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).