5 Best Advertising Agency Stocks to Buy According to Hedge Funds

3. Magnite Inc. (NASDAQ:MGNI)

Magnite Inc. (NASDAQ:MGNI) is one of the 8 best advertising agency stocks to buy according to hedge funds.

On April 15, Magnite Inc. (NASDAQ:MGNI) entered into a partnership agreement with AMC Global Media to expand the services of the company, which includes a combination of linear and streaming products programmatically available for buyers. With the help of ClearLine technology, an activation and curation platform offered by Magnite, brands can buy AMC’s television products through a single entry point.

The new partnership will offer buyers better visibility to millions of active viewers on AMC’s linear channels, FAST channels, and flagship streaming channel, AMC+. TNA Wrestling’s TNA iMPACT, a live event that airs weekly, launched by AMC this year, is also using Magnite’s Live Scheduler product for better optimization of live linear addressable inventory, ensuring a common framework to cut through fragmentation within live streams while helping marketers better measure results.

Back on March 12, Magnite Inc. (NASDAQ:MGNI) revealed partnering with Nova Entertainment, which would enable programmatic advertising over the broader Nova Retail Network. This retail network offers tailored audio content and targeted advertising to consumers at the point of purchase, reaching millions of active shoppers nationwide. The collaboration is considered to be a significant advancement in media accessibility.

Magnite Inc. (NASDAQ:MGNI) runs a global independent omni-channel sell-side advertising platform. Its product portfolio includes services and apps to manage digital advertising inventory and to monetize inventory for different buyers, advertisers, and agencies. It also offers demand-side platforms along with an independent marketplace to bridge the gap between sellers and buyers.