MGNI Continuing to Check-DownMGNI is setting up for a continuation of retracement of previous up-side move.
Price targets are listed in chart.
MGNI trade ideas
$MGNI$MGNI-The last time price was in a similar spot within this channel and near 40 RSI, it ran 10+ points within the next two weeks.
Long Digital ad space, earnings run upTTD crushed earnings on Feb 18th by beating eps by 60%, revenue by 9% and guided higher next quarter. MGNI provides sell-side advertising platform (ER on 24th) for possible earnings run up and same sector play. The open interest for March $60 calls is over 6000.. KBNT is another stock in the tech ad sector, but it already gapped up over 80% last week. APPS gapped up friday as well. Good Luck!
MGNI - will go up with little pull back.It went up too fast. With the expectation that result will be good still expecting a little pull back to around 20 EMA here there is also a gap around $44.50 that needs to be filled. But from here it should go to $85 .786 of the Fibonacci.
I am long MGNI but will wait to take full position. Please do your diligence this is just an idea.
MGNI - February 16, 2021Magnite is an independent sell-side advertising company that leverages omnichannel advertising. MGNI was formed in 2020 from the merger of Telaria and Rubicon, and now is a growing competitor in the CTV, mobile, and desktop ad space. The company has reported Q3 2020 revenues of $61M, 18% of which are attributable to the attractive CTV segment. The company is expecting strong CTV growth in Q4 2020 between $72-75 million. MGNI supported 23% EBITDA margins in Q3 and expects this to expand to 30% margins in Q4 2020. MGNI is not net income profitable yet. MGNI was on our watchlist back at the 30 level and has since doubled. It is consolidating in a tight flag pattern as we see institutions begin to size into this over the past few weeks. Looking for a push and break to a short term target of 75.
$MGNI - keep going or break down? Bull pennant, could bust out or fill the gap. This stock has been really strong and it is extended. Would be a 1-2 day play for a small rally
$MGNI Surges on Its $1.17 Billion Deal for SpotX$MGNI Magnite to Acquire SpotX
Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. SpotX is one of the leading platforms shaping CTV and video advertising globally.
Deal Creates Largest Independent CTV & Video Advertising Platform
Full year 2020 combined company estimated non-GAAP net revenue would have been $350 million on a pro forma basis(1)(2)
Combined company Connected TV (CTV) & video net revenue would have represented approximately 67% of total company preliminary non-GAAP pro forma net revenue(1)(2) in Q4 2020
On a combined basis, the CTV business would have nearly tripled to $42 million in Q4 2020 versus Magnite standalone, or approximately 34% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2)
The non-CTV video business of the combined company would have represented approximately 33% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2)
SpotX total preliminary non-GAAP net revenue(1)(2) for 2020 was $116 million, of which $67 million was CTV
Purchase price consists of $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021
Magnite’s preliminary results for Q4 2020 include
GAAP Revenue of $82 million, up 69% on an as-reported basis, and up 20% on a pro forma basis from Q4 2019, with CTV revenue of $15.3 million, up 53% on a pro forma basis(1)
Net income of $5.8 million and Adjusted EBITDA(3) of $29.9 million, representing a 36% adjusted EBITDA margin(4)
Together, Magnite and SpotX will serve some of the world’s leading programmers, broadcasters, platforms and device manufacturers, including A+E Networks, Crackle Plus, The CW Network, Discovery, Disney/Hulu, Electronic Arts, Fox Corporation, fuboTV, Microsoft, Newsy, Philo TV, Pluto TV, Roku, Samsung, Sling TV, Tubi, ViacomCBS, Vizio, Vudu, WarnerMedia and Xumo.
finance.yahoo.com
MAGNITE Opportunity
Hey traders, MAGNITE is a very historic moment we can witness a new higher in its history. It is in a bearish fake dynamic with a return of issued purchase volume and a doji accompanied by a shadow of sellers. On the TIMEFRAME M1 we notice a kind of the hammer candle upside down followed by a short traces of the sellers with a return of purchase volume made, it went to test the base of the bollinger with monentum. MAGNITE will go in the direction of its highest in order to arrive on the VWAP and once that is done go to the top of the stabilization zone to check it.
Great possibility of breaking out the price with the momentum thereafter in the zone to move into a new one and make a new high. With a test to breakout the stabilization zone or go directly to check the bullish channel symbolic number of 43.00 in spycological threshold.
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MGNI over 28.65Based on the volume profile there's an area of opportunity to get a win if it breaks out of this flag.
MGNI: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
ATR Ascending
R/R ratio above 11
RS above 0, and ascending
200MA ascending
250RSI above 50
If confirmed, Target:
PT = 46.92$
broke trend channel! now you its off to the races :)great buying pressure after the old trend channel broke,now its acting as support. still bullish hear but look for small dip entry at 23.5-24 , stop loss at 21.5 after entry and target a new 52w high at around 35. goodluck as always !
MGNI - January 3, 2021MGNI is an independent sell-side advertising company that leverages omnichannel advertising. MGNI was formed in 2020 from the merger of Telaria and Rubicon, and now is a growing competitor in the CTV, mobile, and desktop ad space. The company has reported Q3 2020 revenues of $61M, 18% of which are attributable to the attractive CTV segment. The company is expecting strong CTV growth in Q4 2020 between $72-75 million. MGNI supported 23% EBITDA margins in Q3 and expects this to expand to 30% margins in Q4 2020. MGNI is not net income profitable yet. It has had a huge bullish run in the last 4 months of 2020, and is now consolidating at the 30 level. MGNI can push higher to 40 in the coming weeks as we continue to see institutional adoption of the stock.
MGNI BreakoutMGNI finally moved up after recent consolidation from the previous move up. MGNI can move up to 31.8, needs to hold 31.3 - above this PT1 is 32.9
Top 10 2021 picks (MGNI)Expecting breakout on strong volume from IPO base to continue 5 wave trend in 2021.
