Magnite Inc’s recent filing unveils that its Officer BARRETT MICHAEL G. acquired Company’s shares for reported $0.57 million on Jun 18 ’25. In the deal valued at $19.00 per share,30,000 shares were bought.
Then, Rossman James sold 137,007 shares, generating $2,572,991 in total proceeds. Upon selling the shares at $18.78, the Director now owns 93,679 shares.
Before that, Day David sold 38,146 shares. Magnite Inc shares valued at $722,867 were divested by the CHIEF FINANCIAL OFFICER at a price of $18.95 per share. As a result of the transaction, Day David now holds 443,528 shares, worth roughly $8.38 million.
Needham reiterated its Magnite Inc [MGNI] rating to a Buy in a research note published on May 12, 2025; the price target was $18. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Scotiabank began covering MGNI with “Sector outperform” recommendation on December 05, 2024. Wells Fargo started covering the stock on October 29, 2024. It rated MGNI as “an Equal weight”.
Price Performance Review of MGNI
On Monday, Magnite Inc [NASDAQ:MGNI] saw its stock jump 0.91%% to $18.89. Over the last five days, the stock has gained 10.47%. Magnite Inc shares have risen nearly 41.71% since the year began. Nevertheless, the stocks have risen 18.66% over the past one year. While a 52-week high of $21.29 was reached on 02/07/25, a 52-week low of $8.22 was recorded on 04/07/25.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 18.22, which if violated will result in even more drops to 17.55. On the upside, there is a resistance level at 19.24. A further resistance level may holdings at 19.59.
How much short interest is there in Magnite Inc?
A steep rise in short interest was recorded in Magnite Inc stocks on 2025-05-30, dropping by -0.24 million shares to a total of 16.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 16.5 million shares. There was a decline of -1.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 25, 2024 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $21 price target.
