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Magnite, Inc.Magnite, Inc.Magnite, Inc.

Magnite, Inc.

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MGNI trade ideas

MGNI | Zoom out to spot 40.50$ support zoneHey guys, if we zoom out to the weekly timeframe, MGNI is showing us real strength around the 40.50$ mark, which coincides at the moment with the 20 week moving average. If the following criteria are met through to the end of the week, I see this as a great zone for accumulation. - Weekly candle has to close above 40.50$ - I would like to see the RSI diverge slightly wrt price For anyone trading the name i'd SL at 37$ and target ~60$ all time highs. But I prefer the name for long term. Any thoughts? Good luck to all! (*This is not financial advice, for sake of discussion and illustrative purposes only*)
NASDAQ:MGNILong
by InvestEmi
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.
NASDAQ:MGNILong
by AptitudeFinancialAdvisory
$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
NASDAQ:MGNI
by AlenCiken
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. Please LIKE & FOLLOW, thank you!
NASDAQ:MGNIShort
by stephanelibatd
7