Magnite (MGNI) Expected to Release Earnings on Wednesday

Magnite (NASDAQ:MGNI) is expected to release its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect Magnite to post earnings of $0.2860 per share and revenue of $190.16 million for the quarter. Individuals can find conference call details on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Wednesday, November 4, 2026 at 4:30 PM ET.

Magnite (NASDAQ:MGNI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $192.82 million for the quarter, compared to the consensus estimate of $179.15 million. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. On average, analysts expect Magnite to post $0.61 EPS for the current fiscal year and $0.91 EPS for the next fiscal year.

Magnite Trading Up 0.9%

Shares of MGNI stock opened at $21.82 on Wednesday. The stock has a 50 day simple moving average of $24.10 and a 200 day simple moving average of $17.54. Magnite has a 1 year low of $10.82 and a 1 year high of $26.84.

Insider Activity at Magnite

In other news, Director Paul Caine sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $25.29, for a total transaction of $316,125.00. Following the completion of the sale, the director owned 124,901 shares in the company, valued at $3,158,746.29. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO David Buonasera sold 1,165 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $24.00, for a total value of $27,960.00. Following the completion of the transaction, the chief technology officer owned 245,155 shares in the company, valued at approximately $5,883,720. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 680,259 shares of company stock worth $15,993,244. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore restated an “outperform” rating and issued a $25.00 target price on shares of Magnite in a research report on Thursday, August 6th. Wells Fargo & Company lifted their price target on shares of Magnite from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Susquehanna upped their price objective on shares of Magnite from $22.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. BTIG Research reissued a “buy” rating and issued a $27.00 price objective on shares of Magnite in a research note on Wednesday, September 9th. Finally, Benchmark increased their price objective on shares of Magnite from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.36.

About Magnite

Magnite, Inc operates an independent omnichannel sell-side advertising platform that helps publishers and digital media owners monetize their content while enabling advertisers to reach audiences across multiple channels. Its platform supports the buying and selling of digital advertising inventory through automated auctions and direct transactions.

The company’s solutions serve connected television and streaming video, online display and mobile advertising, audio, and digital out-of-home media.