MGNI
ACCE-researchedOverview
ACCE thesis
Magnite operates the largest independent sell-side advertising platform, connecting publishers with advertisers through programmatic auctions across display, video, audio, and connected TV inventory. The company benefits from the structural shift of advertising dollars from linear TV to streaming platforms, where programmatic buying dominates and Magnite commands meaningful market share. Connected TV revenue jumped 25% year-over-year in Q3 2024, now representing over 60% of total revenue as streaming viewership continues displacing traditional television. The stock trades at just 11x forward earnings despite growing revenue at 6% annually in a fragmented market ripe for consolidation. Management expects CTV growth to accelerate through 2025 as more advertisers shift budgets to programmatic channels where Magnite's scale advantage widens the competitive moat.
- highSharp quarterly declineRevenue dropped 17.5% quarter-over-quarter despite positive annual growth, indicating potential momentum loss.
- moderateLow momentum scoreACCE momentum score of 17/100 suggests deteriorating business trends and investor sentiment.
- moderateElevated short interestShort interest at 9.6% indicates meaningful bearish positioning by sophisticated investors.
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
Price
Valuation
INVESTORSix independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.
- +All six models: DCF, P/E and EV/EBITDA comps, Graham, dividend discount, residual income
- +Scenario bands, sensitivity tornado, and the 5-year historical valuation range
- +Editable DCF workbench with saved scenarios
Quality
INVESTORThe full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.
- +Conviction score breakdown and earnings-quality grade
- +Growth / value / quality / momentum component scores
- +90-day score history and score-threshold backtests
Analysts
Wall Street consensus
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
- +Price-target low / average / high vs the current price, with implied upside
- +Forward revenue and EPS consensus by fiscal year
- +ACCE fair-value models lined up against the Street
Smart Money
PROFollow the institutions: 13F position changes, insider trades, and active 13D activist filings.
- +Quarter-over-quarter institutional position changes
- +Recent open-market insider transactions
- +Active 13D activist filings and top holders
Compare
Where it sits vs peers
Algorithmic peers (6)
| Ticker | Company | Mcap | P/E | ROE | D/E | Yield | Quality | |
|---|---|---|---|---|---|---|---|---|
| WPP | WPP plc American Depositary Shares | $5.5B | - | -6.6% | 1.94 | 4.0% | - | Compare |
| WPP.L | WPP plc | $5.5B | - | -6.6% | 1.94 | 3.9% | - | Compare |
| DV | DoubleVerify Holdings Inc. Common Stock | $2.1B | 38.5 | 5.4% | 0.01 | 0.0% | - | Compare |
| STGW | Stagwell Inc. Class A Common Stock | $2.0B | 135.3 | 2.4% | 1.82 | 0.0% | - | Compare |
| TTD | The Trade Desk Inc. Class A Common Stock | $6.6B | 16.6 | 15.4% | 0.03 | 0.0% | - | Compare |
| ZD | Ziff Davis Inc. Common Stock | $2.0B | - | -1.5% | 0.49 | 0.0% | - | Compare |
Sector report card
Where MGNI ranks against its sector peers on each metric.
News and Record
Press releases mentioning this company
- GlobeNewswire•Sep 16, 2026Magnite Advances Agentic Vision as Major Media Owners, Buyers and Technology Players Leverage Orchestration Layer
- GlobeNewswire•Sep 10, 2026Magnite and ITN Expand Partnership to Introduce Agentic AI Solution for Local Linear TV
- Business Wire•Sep 9, 2026Telly Takes Television Advertising Beyond The Commercial Break
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