Magnite (MGNI) Receives a Buy from Bank of America Securities
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According to TipRanks, Dessouky is a 5-star analyst with an average return of 32.1% and a 62.75% success rate. Dessouky covers the Communication Services sector, focusing on stocks such as Magnite, Take-Two, and Roblox.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Magnite with a $19.25 average price target.
The company has a one-year high of $21.29 and a one-year low of $8.22. Currently, Magnite has an average volume of 2.47M.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGNI in relation to earlier this year. Earlier this month, Robert Spillane, a Director at MGNI sold 15,000.00 shares for a total of $263,550.00.
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