Magnite Inc

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Magnite Inc (MGNI) Price Performance

Magnite Inc (MGNI) trades on United States in USD. The company is classified in the Technology sector under the Software - Application industry. The stock currently trades at $13.39, up 2.37% from the previous close.

Over the past year, MGNI has traded between a low of $11.20 and a high of $26.52. The stock has gained 12.5% over this period. It is currently 49.5% below its 52-week high.

Magnite Inc has a market capitalization of $1.68B, with a price-to-earnings ratio of 73.81.

About Magnite Inc

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory, or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. Magnite, Inc. was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. The company was incorporated in 2007 and is headquartered in New York, New York.