|Bid||10.55 x 2900|
|Ask||10.80 x 1800|
|Day's range||10.31 - 11.14|
|52-week range||8.57 - 37.54|
|Beta (5Y monthly)||2.24|
|PE ratio (TTM)||N/A|
|Earnings date||03 Aug 2022 - 08 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||20.44|
Magnite (NASDAQ: MGNI) was created from the merger of two ad tech companies, Rubicon Project and Telaria, in April 2020. On its first day as a combined company, Magnite's stock opened at $5.47 per share.
Magnite (NASDAQ: MGNI) and PubMatic (NASDAQ: PUBM) are direct competitors in the advertising-technology space. Both companies are supply-side platforms (SSPs), meaning they partner with publishers to sell their supply of ad slots to advertisers. While both Magnite and PubMatic have been good at adding new customers in the past year, there's one account I doubt either will secure anytime soon.
These two companies are trading at steep discounts, and investors might regret not taking advantage of them.