Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally.
FAIL · Does not pass the screen
23.78 USD
At the last full screen 2026-09-16
Screened 2026-09-16 · the tape above runs as of 23:00 UTC · 17 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Magnite, Inc. holds its Markdown at $23.78. The statistical read favours the sellers, held for 59 days.
As held on the ledger · 2026-09-16
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 59 days
Price at the screen
$23.78
Valuation
21.62 trailing · 18.45 forward price to earnings
Values screen
FAIL· score 70.0
Beta
2.29
The Workings
Five Screens, Shown in Full
Does not pass. Accounts receivable
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
19.79%
Below 33%
Interest-bearing debt is just 19.8% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
58.63%
Below 49%
Money owed to the company is 58.6% of assets, above the 49% limit.
Fail
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-16 screen. The gold marker is the market price at the same screen. A 11.0% margin of safety to the base estimate.
Third-party analyst targets: 15 covering, consensus Strong Buy. The average target sits +14% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-16 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Ad Sellers Still Face a Crowded Auction Floor
Every time a website or app loads an ad, the publisher must sell inventory in real time against bigger platforms that control much of the flow. Magnite runs an independent sell side system that lets publishers reach more buyers without relying on the largest gatekeepers. The business clears a clean ethical screen and posts a 22 percent profit margin with 19 percent return on equity.
We pass. Revenue growth sits at only 6 percent, the forward multiple is 15.4 times, and the competitive moat remains unknown. Even with a margin of safety implied by our fair value estimate, the modest top line expansion offers little cushion if advertising spend slows or larger rivals tighten their grip.
Risks centre on cyclical ad budgets and the chance that scale advantages stay with the biggest players. Fifteen analysts call the shares a strong buy, yet the combination of low growth and unclear durability leaves no real opportunity on our terms. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
MGNI trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-05Markup · changed$23.36+22.9%Entry 5
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 22.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (14 analysts) rates it strong buy, with a mean price target of $22. Insiders have been net sellers over the past quarter.
2026-08-05Markdown · changed$19.00+16.9%Entry 4
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 16.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (14 analysts) rates it strong buy, with a mean price target of $22.
2026-07-18Accumulation$16.25+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 10%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (14 analysts) rates it strong buy, with a mean price target of $22.
2026-07-03Accumulation$16.25+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Accumulation$16.25Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
