Dilation Capital Management LP Buys New Holdings in Magnite, Inc. $MGNI

Dilation Capital Management LP purchased a new position in Magnite, Inc. (NASDAQ:MGNI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 334,725 shares of the company’s stock, valued at approximately $8,074,000. Magnite makes up about 4.3% of Dilation Capital Management LP’s investment portfolio, making the stock its 13th largest holding. Dilation Capital Management LP owned 0.24% of Magnite as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Magnite by 1.0% in the first quarter. Vanguard Group Inc. now owns 13,743,521 shares of the company’s stock worth $156,814,000 after buying an additional 138,417 shares in the last quarter. Lisanti Capital Growth LLC increased its stake in Magnite by 155.8% in the 2nd quarter. Lisanti Capital Growth LLC now owns 368,015 shares of the company’s stock worth $8,877,000 after acquiring an additional 224,160 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Magnite by 7.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 634,147 shares of the company’s stock worth $15,296,000 after acquiring an additional 42,834 shares in the last quarter. Maestria Partners LLC raised its holdings in shares of Magnite by 36.3% during the 2nd quarter. Maestria Partners LLC now owns 1,434,317 shares of the company’s stock worth $34,596,000 after acquiring an additional 382,000 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Magnite by 105.7% during the 1st quarter. HighTower Advisors LLC now owns 42,271 shares of the company’s stock valued at $482,000 after acquiring an additional 21,720 shares during the last quarter. Institutional investors own 73.40% of the company’s stock.

Magnite Stock Performance

Magnite stock opened at $14.75 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.00 and a quick ratio of 1.00. Magnite, Inc. has a 1-year low of $8.22 and a 1-year high of $26.65. The firm has a market capitalization of $2.12 billion, a P/E ratio of 50.86, a price-to-earnings-growth ratio of 1.42 and a beta of 3.13. The company’s 50-day moving average is $17.76 and its 200 day moving average is $20.20.

Magnite (NASDAQ:MGNI) last announced its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Magnite had a return on equity of 8.07% and a net margin of 6.30%.The business had revenue of $179.49 million during the quarter, compared to analyst estimates of $163.29 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Magnite has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that Magnite, Inc. will post 0.33 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Magnite in a research report on Wednesday, October 8th. Susquehanna boosted their target price on shares of Magnite from $22.00 to $28.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Benchmark increased their price target on shares of Magnite from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Wall Street Zen lowered Magnite from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Needham & Company LLC upped their price objective on Magnite from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.20.

Insider Buying and Selling

In other Magnite news, Director Robert F. Spillane sold 12,500 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $14.22, for a total value of $177,750.00. Following the sale, the director owned 53,917 shares in the company, valued at $766,699.74. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sean Patrick Buckley sold 20,000 shares of Magnite stock in a transaction on Monday, September 8th. The stock was sold at an average price of $25.56, for a total value of $511,200.00. Following the sale, the insider owned 307,193 shares of the company’s stock, valued at approximately $7,851,853.08. This trade represents a 6.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 135,592 shares of company stock worth $3,029,454 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Magnite Company Profile

Magnite, Inc, together with its subsidiaries, operates an independent omni-channel 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 applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.