Magnite Inc’s recent filing unveils that its Officer Adam Lee Soroca acquired Company’s shares for reported $0.25 million on Aug 18 ’25. In the deal valued at $23.70 per share,10,388 shares were bought.
Then, Katie Seitz Evans bought 11,391 shares, generating $269,967 in total proceeds.
Before that, Aaron Saltz bought 6,265 shares. Magnite Inc shares valued at $148,480 were divested by the Officer at a price of $23.70 per share.
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 Friday, Magnite Inc [NASDAQ:MGNI] saw its stock jump 0.47% to $23.7. Over the last five days, the stock has gained 5.47%. Magnite Inc shares have risen nearly 89.30% since the year began. Nevertheless, the stocks have risen 48.87% over the past one year. While a 52-week high of $25.27 was reached on 07/03/25, 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 23.23, which if violated will result in even more drops to 22.76. On the upside, there is a resistance level at 24.16. A further resistance level may holdings at 24.62.
How much short interest is there in Magnite Inc?
A steep rise in short interest was recorded in Magnite Inc stocks on 2025-07-31, dropping by -5.36 million shares to a total of 15.22 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-30 was 20.58 million shares. There was a decline of -35.18%, 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.
