Magnite Stock Fair Value – Greenbids Selects Magnite to Combat Digital Advertising’s Carbon Footprint
November 23, 2023
🌧️Trending News
Greenbids, a company dedicated to reducing the carbon footprint of digital advertising, has selected Magnite ($NASDAQ:MGNI), a leading technology platform for programmatic media buying, as their preferred partner. Magnite focuses on providing innovative solutions for media buyers and sellers to drive digital advertising performance, efficiency, and revenue. With its comprehensive suite of technology and services, Magnite helps buyers and sellers in the global programmatic advertising market to increase ad revenue and improve digital marketing outcomes. Magnite leverages its advanced technology stack and data capabilities to create an efficient and transparent digital advertising ecosystem. This includes its managed services, data and analytics, and real-time bidding (RTB) solutions. By partnering with Greenbids, Magnite will help reduce the carbon footprint of digital advertising while simultaneously helping buyers and sellers to drive better ROI.
The partnership will also facilitate the development of new strategies that will enable businesses to significantly reduce their carbon emissions. Magnite is a publicly traded company on the Nasdaq Global Select Market under the ticker symbol “MGNT”. It is headquartered in San Francisco, California, and has offices across the US, UK, Europe, Australia, and Asia-Pacific. A market leader in the programmatic advertising space, Magnite partners with hundreds of publishers and advertisers to help them maximize their advertising revenues and optimize performance.
Stock Price
On Wednesday, Greenbids announced that they have selected MAGNITE to help combat digital advertising’s carbon footprint. This decision was in response to the growing concern of environmental degradation due to the high emissions generated by digital advertising. As a result, MAGNITE’s stock opened at $8.0 and closed at $8.1, up by 2.0% from its previous closing price of $7.9. This decision is expected to help reduce emissions from online advertisements and lead to a more sustainable digital advertising landscape. Magnite_to_Combat_Digital_Advertisings_Carbon_Footprint”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Magnite. More…
| Total Revenues | Net Income | Net Margin |
| 608.18 | -226.48 | -38.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Magnite. More…
| Operations | Investing | Financing |
| 213.99 | -40.55 | -117.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Magnite. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.45k | 1.79k | 4.73 |
Key Ratios Snapshot
Some of the financial key ratios for Magnite are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 47.9% | – | -32.3% |
| FCF Margin | ROE | ROA |
| 28.5% | -18.8% | -5.0% |
Analysis – Magnite Stock Fair Value
As GoodWhale, we have recently undertaken the task of analyzing the wellbeing of MAGNITE, a publicly traded company. Our proprietary Valuation Line was used to calculate the fair value of each MAGNITE share, which came out to be around $24.1. However, the current stock price of MAGNITE is standing at only $8.1, indicating that the stock is undervalued by a whopping 66.3%. This presents an opportunity for potential investors to purchase low priced MAGNITE shares and potentially benefit from a possible increase in their value. Magnite_to_Combat_Digital_Advertisings_Carbon_Footprint”>More…
Peers
Headquartered in San Francisco, California, United States, the company was founded in 2006. Magnite is a leading independent technology platform for buyers and sellers of digital advertising. The company’s mission is to power the ecosystem of digital advertising with innovative technology that makes transactions more efficient, effective, and valuable for all participants. Magnite’s competitors include Direct Digital Holdings Inc, Integral Ad Science Holding Corp, and Quotient Technology Inc.
– Direct Digital Holdings Inc ($NASDAQ:DRCT)
As of 2022, Direct Digital Holdings Inc has a market cap of 8.19M and a Return on Equity of 49.62%. The company is a provider of digital direct-to-consumer products and services. Its products and services include online marketing, e-commerce, and software-as-a-service solutions. The company’s customers are located in the United States, Canada, Europe, Asia, Australia, and South America.
– Integral Ad Science Holding Corp ($NASDAQ:IAS)
Integral Ad Science Holding Corp. is a technology company that provides data and analytics to the global online advertising industry. The company’s technology platform enables its customers to optimize their advertising campaigns and to measure their return on investment. The company was founded in 2009 and is headquartered in New York, New York.
– Quotient Technology Inc ($NYSE:QUOT)
Quotient Technology Inc is a provider of digital coupons and advertising solutions. Its solutions enable marketers and retailers to connect with consumers through digital channels. The company’s solutions include digital coupons, loyalty programs, and mobile marketing campaigns. Quotient Technology Inc has a market cap of 311.33M as of 2022, a Return on Equity of -22.8%. The company’s solutions help marketers and retailers connect with consumers through digital channels. The company’s solutions include digital coupons, loyalty programs, and mobile marketing campaigns.
Summary
Magnite (MRNA) has become an attractive option for investors due to its focus on helping reduce the carbon impact of digital advertising. The company’s technology helps marketers find efficient and effective ways to reach their target audiences. Magnite has been gaining attention as the demand for sustainable advertising solutions grows.
