<div id="readability-page-1"><p>Grizzlyrock Capital LLC raised its holdings in  Magnite, Inc. (NASDAQ:MGNI - Free Report) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 974,323 shares of the company's stock after purchasing an additional 75,782 shares during the period. Magnite makes up  about  16.0% of Grizzlyrock Capital LLC's portfolio, making the stock its largest holding. Grizzlyrock Capital LLC owned approximately 0.68% of Magnite worth $23,501,000 as of its most recent SEC filing.</p><ul><li>3 Stocks Offering Strong Value and Stability</li></ul><p>Several other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in  Magnite by 355.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,517 shares of the company's stock valued at $37,000 after acquiring an additional 1,184 shares in the last quarter.  CWM LLC raised its stake in  Magnite by 133.6% in the second quarter. CWM LLC now owns 1,775 shares of the company's stock valued at $43,000 after purchasing an additional 1,015 shares in the last quarter.  MTM Investment Management LLC bought a new stake in  Magnite during the second quarter worth about $58,000.  Nisa Investment Advisors LLC grew its stake in  Magnite by 66.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,780 shares of the company's stock worth $67,000 after buying an additional 1,105 shares in the last quarter.  Finally, Smartleaf Asset Management LLC raised its position in  Magnite by 74.9% during the first quarter. Smartleaf Asset Management LLC now owns 2,810 shares of the company's stock valued at $33,000 after purchasing an additional 1,203 shares in the last quarter. 73.40% of the stock is currently owned by institutional investors. </p><h2>Insiders Place Their Bets</h2><p>In related news, insider Adam Lee Soroca sold 10,857 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $13.23, for a total value of $143,638.11. Following the sale, the insider owned 326,114 shares in the company, valued at $4,314,488.22. This represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert F. Spillane sold 12,500 shares of the company's stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $14.22, for a total value of $177,750.00. Following the completion of the transaction, the director directly owned 53,917 shares in the company, valued at $766,699.74. This trade represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 54,985 shares of company stock worth $1,024,758. 3.80% of the stock is currently owned by insiders. </p><h2>Magnite Trading Up 1.8%</h2><ul><li>The Trade Desk: When Sell the News Turns Into Buy the Dip</li></ul><p>NASDAQ:MGNI opened at $16.30 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.34 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 1.22 and a beta of 2.49. Magnite, Inc. has a 12 month low of $8.22 and a 12 month high of $26.65. The firm's 50 day moving average is $16.38 and its 200 day moving average is $20.12. </p><p>Magnite (NASDAQ:MGNI - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Magnite had a net margin of 8.25% and a return on equity of 8.74%. The firm had revenue of $179.49 million during the quarter, compared to the consensus estimate of $163.29 million. During the same quarter last year, the company earned $0.17 earnings per share. The company's revenue was up 11.6% on a year-over-year basis.  Sell-side analysts expect that  Magnite, Inc. will post 0.33 earnings per share for the current year. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>The Trade Desk : Premium Digital Ad Demand Fuels Record Growth</li></ul><p>MGNI has been the subject of a number of research reports. Wall Street Zen lowered shares of Magnite from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, November 8th. Rosenblatt Securities  reiterated a &#34;buy&#34; rating and issued a $39.00 target price on shares of Magnite in a report on Thursday, November 6th. Wells Fargo &amp; Company lowered their price objective on shares of Magnite from $22.00 to $20.00 and set an &#34;equal weight&#34; rating for the company in a research note on Friday, November 7th. Finally, Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Magnite in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $26.20.</p><p><b>View Our Latest Stock Analysis on MGNI</b></p><h2>About Magnite</h2> (Free Report)<p>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 applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that connects buyers and sellers.</p><h2>See Also</h2><ul><li>Five stocks we like better than Magnite</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>What is Forex and How Does it Work? </li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><strong>Want to see what other hedge funds are holding MGNI?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Magnite, Inc. (NASDAQ:MGNI - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUdOSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUdOSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Magnite Right Now?</h2><p>Before you consider Magnite, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Magnite wasn't on the list.</p><p>While Magnite currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MGNI

<p>Grizzlyrock Capital LLC increased its stake in Magnite, Inc. by 8.4% in Q2, owning 974,323 shares. Magnite is its largest holding, worth $23.5M. Other investors also adjusted their positions. Insiders sold shares, reducing their holdings. Magnite's stock opened at $16.30, with a market cap of $2.34B. Analysts have mixed ratings, with Rosenblatt Securities maintaining a 'buy' rating and Wells Fargo lowering its price target.</p>

Grizzlyrock Capital LLC Purchases 75,782 Shares of Magnite, Inc. $MGNI