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Magnite, Inc. (MGNI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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52.17+3.30 (+6.75%)
At close: 4:00PM EST
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  • w
    wise words
    Bullish
  • S
    Solomon
    Still a lot of shorting on this stock. APPS shouldn't be performing better but it moved up under Magnite radar and didn't attract the insane shorting and bogus article.
    If/when they move on, this will make double digits daily run to triple digits handle. For now ever spike is being met by shorting to control the price around $50.
  • w
    william
    I am heavily invested in MAGNI but I also have 3 biotech stocks that if they don't produce in 3 months I am going to rotate out and am looking at "blank check" companies. Anyone have any of these companies they are invested in or are looking at. Thank you for your input.
    Bullish
  • w
    wise words
    What do you all think about this:

    So we all know what we are invested in. The reason this is my top pick & also my only stock I’m invested in is b/c I understand the technology. No one watches TV anymore & I would say corona has accelerated all this majorly . So this is just getting started. We are all now worried about the market itself ...how much it will go down & when it will come back . The other reason I love this stock is b/c it has top analysts who will pull it along unlike these fake companies that have been soaring more than us & in some cases dropping less than us. So I was thinking if the markets do get worse I’m thinking eventually these other fake companies will eventually get slaughtered & never fully recover which will cause a rotation into real stocks like MGNI..what are your thoughts ?
    Bullish
  • m
    mabailey53
    I have seen this before. It’s nothing more than trying to drive you out so the big boys can pick up cheap shares. Expect another 10-20% drop where it will sit for a few days before it takes off towards 80. It’s a solid stock and will do well if held or if purchased at this price.
  • M
    M_B_E
    Magnite just reported 4Q earnings. Highlights:

    - Revenue was $82.0 million for Q4 2020, up 69% from Q4 2019 on an as reported basis, and up 20% on a pro forma basis
    - CTV revenue for Q4 2020 was $15.3 million, up 53% on a pro forma basis
    - Online Video ("OLV") revenue grew 35% year over year in Q4 2020 on a pro forma basis
    - Full year 2020 total video (CTV & OLV) pro forma revenue was $106 million or 45% of total revenue on a pro forma basis
    - It expects revenue for Q1 2021 to be between $58 to $62 million Expect strong CTV growth in Q1 2021
    - Net income for Q4 2020 was $5.9 million, or income per share of $0.05, compared to net income of $1.5 million, or income per share of $0.03 for the fourth quarter of 2019
    - Adjusted EBITDA(2) was $30.0 million representing a 37% Adjusted EBITDA margin(4), compared to Adjusted EBITDA of $15.3 million for the fourth quarter of 2019
    - Q1 2021 Adjusted EBITDA operating expenses expected to be between $51-53 million
    - Non-GAAP income per share(2) was $0.19, compared to $0.17 non-GAAP income per share for the fourth quarter of 2019
  • C
    CTV :)
    Love MGNI! My favorite stock this year by far. This week however, I’ll be watching two macro trends carefully. The QQQ and the 10-year. If QQQ starts testing the 311 range for a close, or the 10 year spikes up again, macros could drive the numbers and MGNI performance may not be the primary driver any more. GLTA! I still believe this stock is a double from this point in 2021.
  • x
    x
    in case you missed this yesterday (2/25 -- the fly):

    Magnite price target raised to $72 from $63 at Craig-Hallum Craig-Hallum analyst Jason Kreyer raised the firm's price target on Magnite (MGNI) to $72 from $63 and keeps a Buy rating on the shares. Following acquisitions of the two largest sell-side CTV ad platforms in the past two years, the analyst believes Magnite is cornering this market, and is in an enviable position to capitalize on the opportunity. While he thinks the SpotX acquisition will accelerate Magnite's market positioning in CTV, Kreyer notes the company is already doing very well, with the announcement of an extended/expanded deal with Disney (DIS).
  • M
    May
    More upgrades on the way

    Magnite (MGNI) PT Raised to $80 at Susquehanna; Story Keeps Getting Better
    February 25, 2021 6:19 AM
    Susquehanna analyst Shyam Patil raised the price target on Magnite (NASDAQ: MGNI) to $80.00 (from $30.00) ...
    Bullish
  • C
    CTV :)
    Last quarter's earnings were fantastic on the afternoon of November 9th. I was thrilled. In the next three days the stock dipped 13%. Horrible right? Then it gained 500% in 3 months. Yes, there is a rotation to re-opening stocks and some headwinds regarding interest rates and market valuation compression. But I want to be here for the next 100% run and I believe it's coming before the summer is over.
    Bullish
  • x
    x
    Down 7% in pre-market
    Up 6% in early trading
    Down 3% an hour later around 10:30
    Up over 8% in afternoon trading
    Closes the day up less than 1%

    These are the days I wish I drank.

    This stock with these numbers and these sector tailwinds and an upgrade by the reputable Susquehanna should not be trading like this.

    Not a normal market -- yet!
  • B
    Brock
    I remember that too Alberto. There are so many similarities. ROKU was running up to its target of 170, hitting the high 160's, then fell all the way back to 110 for awhile, and even dipped to 100 for a short period, before making its big run. Eventually the shorts couldn't hold back the actual growth numbers of the company. I think the same will happen here. This is similar in that the difference between 110 and 170 with ROKU, is comparable in percentage to the 42 and 70 for Magnite. The business appears solid, and reputable price target analysts like Martin projecting good numbers. I made a mistake of getting out of ROKU to early, though I did quite well, but should have held some back to just let it run. This is a second chance to do better with similar potential long term. My advice is sit back and don't worry. This will take care of itself.
  • S
    Solomon
    Shorts did not like the ER at all. They were hoping it wouldn't justify the share price move up and confirm the hit pieces. Nothing happens. MGNI showed they are for real in this sector and all analysts are upping their PT. This stock is shorted like GME so covering will be tough. The smart ones covered earlier. The greedy ones will be forced to cover next week.
    This is TTD junior with potential to be a real peer in a few years. The market is huge and they are signing new contracts and renewing big contracts like Disney. Funds that missed TTD will be adding. Funds that were chasing TTD will turn around and get in.
    Good luck shorts!
  • M
    May
    Analysts are piling in to raise target for Magnite

    Magnite (MGNI) PT Raised to $80 at Susquehanna; Story Keeps Getting Better
    February 25, 2021 6:19 AM
    Susquehanna analyst Shyam Patil raised the price target on Magnite (NASDAQ: MGNI) to $80.00 (from $30.00) ...

    Magnite (MGNI) PT Raised to $65 at Cannonball Research, Following Earnings

    February 25, 2021 1:14 PM

    Cannonball Research analyst Vasily Karasyov

    This opportunity is why analysts love Magnite too. On Thursday, a Craig-Hullum analyst raised his price target for the stock to $72 per share, according to financial news website The Fly.
  • M
    MBWallingford
    Hope this holds and gains during the day. Last week was scary. I kept buying all the wrong stocks last week.

    I was up over 50% for the year prior to the start and saw most of it evaporate in my trading account. Went on margin and got margin calls last week.

    I have already started turning over my money to well known financial advisor.

    Prior to last week, I could have really thought about retirement. Not today even close to being back.

    In 1998 I started with $1,500 and with setbacks turned it to several millions, while working 60+ hours a week.
  • M
    MaKK
    Finally decided to hold, I know this will eventually go up irrespective of short term trembling. Owning 15000 shares can shake you like me when a stock goes down too much but I guess no big gain without a pain.
  • x
    x
    market correction scenario:
    $39 is the bottom; $32 worst case

    I'll double down at $39
    If it goes lower I'll add every step of the way.

    I held Roku during all the improbable drops (3) and caught it once at the very bottom at$29 late December 2018; bought as low as $80 during the covid crash but missed the $60 range; September 2019 simply held and dealt with it.

    mgni will be over $100 imho by December.. ..not easy dealing with the dips with so much money at stake because there's never a guarantee but I'm nonetheless pretty confident with this company.
  • G
    Greg B
    This should be up 10%!
  • j
    jdnewnurse
    $MGNI so confident in the stock and where it's heading...just do your DD and see the news of the new price targets.... this is a long term winner all around.
    Bullish
  • g
    george
    Looking like a big bull flag to me. Won’t be long before 70/75.
    Bullish