Company Overview
Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
Company Information
- CEO
- Michael G. Barrett
- Sector
- Communication Services
- Industry
- Advertising Agencies
- Employees
- 905
Contact Information
- Website
- https://www.magnite.com
- Address
- 1250 Broadway
- Country
- US
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Communication Services leader with 3.17B market capitalization
- Trading Volume: 1.18M shares traded today
- Price Range: 52-week range of $8.22 - $25.27
- Exchange: Listed on NASDAQ Global Select
Financial Metrics
Market Analysis for Magnite, Inc.
Magnite, Inc. (MGNI) operates in the Advertising Agencies industry within the Communication Services sector. With a current market capitalization of 3.17B, the company represents a significant player in its market. The stock is currently trading at $22.29 with a positivedaily change of 0.89%.
The company's 905 employee base and presence on the NASDAQ Global Selectexchange position it as a Communication Services sector leader. Investors should consider the stock's P/E ratio of 74.29, beta of 3.05, and 52-week price range from $8.22 to $25.27when evaluating investment opportunities.
Why Invest in Magnite, Inc.?
Strengths
- • Established market presence in Communication Services
- • Strong financial metrics and market position
- • Listed on major exchange (NASDAQ Global Select)
- • Experienced leadership under Michael G. Barrett
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
Related Communication Services Stocks
About Communication Services Sector
The Communication Services sector includes companies that provide telecommunications, media, and entertainment services to consumers and businesses.