REMAX partners with Magnite to enhance its commerce media strategy, using first-party data for targeted advertising to home buyers.
Quiver AI Summary
Magnite, the largest independent sell-side advertising company, has partnered with REMAX, LLC to enhance its commerce media business. This collaboration aims to monetize REMAX's onsite digital inventory and utilize its first-party home buyer data to create targeted audience packages, connecting brands with high-intent home buyers. REMAX becomes the first real estate franchisor to launch a commerce media network, combining real estate and advertising in innovative ways. Utilizing Magnite’s tools, REMAX will provide advertisers with access to premium audience segments based on key demographics, improving targeting precision and efficiency. This partnership allows REMAX to extend its reach and leverage its data in real-time, ultimately benefiting brands in various sectors looking to target consumers during major purchasing decisions. The REMAX Media Network, launched in December 2024, aims to connect advertisers with consumers across digital and offline platforms throughout the U.S. and Canada.
Potential Positives
- Partnership with REMAX positions Magnite as a leader in the emerging commerce media space, enhancing its reputation and influence in the advertising industry.
- The collaboration enables the monetization of REMAX's first-party home buyer data, creating new revenue streams and opportunities for both Magnite and REMAX.
- Magnite's technology offers precise targeting and streamlined workflows, improving efficiency for advertisers and enhancing the overall effectiveness of campaigns.
- This deal aligns with industry trends towards data-driven advertising, allowing Magnite to further leverage its capabilities in the supply-side ecosystem.
Potential Negatives
- None
FAQ
What is the partnership between REMAX and Magnite about?
The partnership aims to accelerate REMAX's commerce media business by monetizing digital inventory and utilizing first-party home buyer data.
How does REMAX benefit from working with Magnite?
REMAX benefits from enhanced audience targeting, efficient programmatic workflows, and improved access to high-intent home buyer segments.
What is the REMAX Media Network?
The REMAX Media Network is a platform for digital and offline advertising activations, leveraging a broad ecosystem to connect brands with consumers.
How does REMAX's data improve advertising efficiency?
REMAX's audience segments provide real-time home buyer intent signals, enabling advertisers to target effectively in categories like mortgage lending and home goods.
When was the REMAX Media Network launched?
The REMAX Media Network was launched in December 2024, focusing on activations across the U.S. and Canada.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MGNI Insider Trading Activity
$MGNI insiders have traded $MGNI stock on the open market 34 times in the past 6 months. Of those trades, 0 have been purchases and 34 have been sales.
Here’s a breakdown of recent trading of $MGNI stock by insiders over the last 6 months:
- MICHAEL G. BARRETT (CEO) has made 0 purchases and 3 sales selling 375,000 shares for an estimated $7,372,200.
- JAMES ROSSMAN has made 0 purchases and 2 sales selling 286,943 shares for an estimated $5,490,746.
- DAVID DAY (CHIEF FINANCIAL OFFICER) has made 0 purchases and 5 sales selling 161,391 shares for an estimated $3,198,362.
- ADAM LEE SOROCA (CHIEF PRODUCT OFFICER) has made 0 purchases and 6 sales selling 130,624 shares for an estimated $2,666,858.
- KATIE SEITZ EVANS (President, Operations) has made 0 purchases and 3 sales selling 67,520 shares for an estimated $1,228,000.
- AARON SALTZ (CHIEF LEGAL OFFICER) has made 0 purchases and 3 sales selling 50,063 shares for an estimated $904,374.
- SEAN PATRICK BUCKLEY (President, Revenue) has made 0 purchases and 3 sales selling 38,912 shares for an estimated $727,696.
- PAUL CAINE has made 0 purchases and 3 sales selling 15,000 shares for an estimated $319,400.
- ROBERT F SPILLANE sold 15,000 shares for an estimated $263,550
- DAVID T. PEARSON sold 11,512 shares for an estimated $202,611
- BRIAN GEPHART (CHIEF ACCOUNTING OFFICER) has made 0 purchases and 2 sales selling 12,584 shares for an estimated $202,357.
- DAVID BUONASERA (CHIEF TECHNOLOGY OFFICER) has made 0 purchases and 2 sales selling 12,395 shares for an estimated $194,776.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MGNI Hedge Fund Activity
We have seen 134 institutional investors add shares of $MGNI stock to their portfolio, and 151 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 8,069,421 shares (+499.7%) to their portfolio in Q1 2025, for an estimated $92,072,093
- CAPITAL RESEARCH GLOBAL INVESTORS added 5,194,835 shares (+67.2%) to their portfolio in Q1 2025, for an estimated $59,273,067
- AMERICAN CENTURY COMPANIES INC added 2,651,033 shares (+855.2%) to their portfolio in Q1 2025, for an estimated $30,248,286
- WELLINGTON MANAGEMENT GROUP LLP removed 1,126,740 shares (-16.0%) from their portfolio in Q1 2025, for an estimated $12,856,103
- PACER ADVISORS, INC. added 1,102,156 shares (+inf%) to their portfolio in Q1 2025, for an estimated $12,575,599
- VICTORY CAPITAL MANAGEMENT INC removed 1,059,946 shares (-89.7%) from their portfolio in Q1 2025, for an estimated $12,093,983
- GRANAHAN INVESTMENT MANAGEMENT, LLC removed 963,094 shares (-26.7%) from their portfolio in Q1 2025, for an estimated $10,988,902
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MGNI Analyst Ratings
Wall Street analysts have issued reports on $MGNI in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- RBC Capital issued a "Outperform" rating on 07/31/2025
- Rosenblatt issued a "Buy" rating on 06/30/2025
- Needham issued a "Buy" rating on 05/15/2025
- Lake Street issued a "Buy" rating on 05/08/2025
- Benchmark issued a "Buy" rating on 05/08/2025
- Susquehanna issued a "Positive" rating on 02/27/2025
To track analyst ratings and price targets for $MGNI, check out Quiver Quantitative's $MGNI forecast page.
$MGNI Price Targets
Multiple analysts have issued price targets for $MGNI recently. We have seen 7 analysts offer price targets for $MGNI in the last 6 months, with a median target of $24.0.
Here are some recent targets:
- Matthew Swanson from RBC Capital set a target price of $27.0 on 07/31/2025
- Daniel Kurnos from Benchmark set a target price of $30.0 on 07/22/2025
- Alec Brondolo from Wells Fargo set a target price of $24.0 on 07/08/2025
- Barton Crockett from Rosenblatt set a target price of $39.0 on 06/30/2025
- Laura Martin from Needham set a target price of $18.0 on 05/15/2025
- Eric Martinuzzi from Lake Street set a target price of $19.0 on 05/08/2025
- Shyam Patil from Susquehanna set a target price of $22.0 on 02/27/2025
Full Release
NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today announced that REMAX, LLC , one of the world’s leading franchisors of real estate brokerage services, has selected Magnite as its partner to accelerate the growth of its commerce media business. REMAX will work with Magnite to monetize its onsite digital inventory and activate its first-party home buyer data offsite via curated audience packages, creating new opportunities for brands to reach high-intent home buyers.
REMAX is the first real estate franchisor brand to launch a commerce media network, revolutionizing the way real estate and advertising converge and positioning itself to tap into the growing trend of retail media. Leveraging Magnite’s curation tools, REMAX will enrich media supply with its proprietary first-party homebuyer data, and package premium audience segments based on critical attributes such as income level, age, and homebuying stage. This approach enables advertisers and agencies to activate REMAX data against Magnite’s premium inventory, with the advantage of precise targeting and streamlined programmatic workflows.
“We know brands are looking for precision and efficiency, and enabling our data through the supply side helps deliver both,” said Abby Lee, EVP of Marketing, Communications and Events at REMAX, LLC. “We’re excited to work with Magnite to bring our commerce media strategy to life through the REMAX Media Network, and offer advertisers smarter, more powerful ways to reach the people making major life purchases with the right message at the right time.”
Unlike general mover data, the REMAX audience segments reflect real-time home buyer intent signals that matter most to categories like mortgage lending, insurance, home goods, financial services, and more. With Magnite technology, REMAX can now scale these audiences offsite and make them available to buyers in their platform of choice, with the added opportunity for higher match rates, improved cost efficiency, and stronger brand safety controls that come with enabling data on the supply side.
“REMAX agents have long been trusted guides for home buyers and sellers, and now we’re tapping into that power to help brands connect with consumers during one of life’s most important decision-making windows,” said Stephanie Reustle, Head of Commerce Media at Magnite. “This relationship is designed to maximize the value of the REMAX brand’s rich home buyer data while giving advertisers the ability to reach these audiences wherever they are.”
Launched in December 2024, the REMAX Media Network spans digital and offline activations across the U.S. and Canada, leveraging the brand’s expansive digital ecosystem to provide advertisers with a unique platform to connect with consumers. Aligning with the broader industry trend of data moving to the supply side, working with Magnite helps extend reach and enhance the value and performance of curated commerce media campaigns.
About Magnite
We’re Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats—including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in transparency, our platforms are built on modern, cloud infrastructure and drive performance and efficiency for buyers and sellers alike.
Media Contact:
Purpose Worldwide
Alexis Gold
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