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Brian Gephart, the Chief Accounting Officer of Magnite, Inc. (NASDAQ:MGNI), recently sold 6,250 shares of the company’s common stock. The shares were sold at a price of $16 each, totaling $100,000. The transaction comes as Magnite’s stock has shown significant volatility, with InvestingPro data showing a 14% decline in the past week despite a 25% gain over the last year. Following this transaction, Gephart holds 132,909 shares of Magnite. The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission, detailing transactions dated March 3, 2025. With a market capitalization of $2.07 billion and analysts setting price targets ranging from $15 to $25, InvestingPro analysis indicates the stock may be undervalued based on its Fair Value calculations. Subscribers can access 13 additional ProTips and a comprehensive Pro Research Report for deeper insights into Magnite’s financial health and growth prospects.
In other recent news, Magnite reported mixed fourth-quarter results, with revenue surpassing expectations but earnings falling short. The company posted Q4 revenue of $194 million, exceeding the analyst consensus of $184.29 million, marking a 4% year-over-year increase. However, adjusted earnings per share were $0.34, below the estimated $0.38. Contribution ex-TAC, excluding traffic acquisition costs, rose 9% year-over-year to $180.2 million, with the connected TV segment showing a 23% increase to $77.9 million, outperforming the company’s guidance.
For the first quarter of 2025, Magnite projects total Contribution ex-TAC between $140 and $144 million, with the CTV segment expected to contribute $61 to $63 million. The company anticipates a full-year 2025 Contribution ex-TAC growth of over 10%, with mid-teens growth excluding political ads. Magnite also forecasts an Adjusted EBITDA margin expansion of at least 100 basis points and high-teens to 20% growth in free cash flow for 2025.
In analyst news, Benchmark’s Dan Kurnos raised Magnite’s price target to $25, maintaining a Buy rating. Kurnos highlighted the company’s CTV growth, which showed mid-teens growth including political ads and 20% growth excluding them. The analyst noted that Magnite’s market share gains and stabilized take rates could improve margins, making the stock a top pick.
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