Professional
Added to YB: 2020-10-27
Pitch date: 2020-10-27
MGNI [bullish]
Magnite, Inc.
+32.43%
current return
Author Info
No bio for this author
Company Info
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally.
Market Cap
$1.7B
Pitch Price
$9.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.01
P/E
30.49
EV/Sales
2.57
Sector
Media
Category
growth
Choice Equities Capital new position: Magnite (MGNI)
MGNI: Leading SSP poised for growth as the only omnichannel player in CTV, audio, mobile & desktop ads. Strategic Telaria merger expands CTV presence. Supply path optimization by publishers favors MGNI's independent platform. Impressive mgmt, strong balance sheet, scarcity value as public SSP. Trades at compelling ~3x forward rev despite double-digit industry growth. Disney & Hulu reiterate MGNI partnership.
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