15,639 Shares in MediaAlpha, Inc. (NYSE:MAX) Acquired by AQR Capital Management LLC

AQR Capital Management LLC acquired a new stake in shares of MediaAlpha, Inc. (NYSE:MAX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,639 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MAX. Alpha DNA Investment Management LLC purchased a new position in MediaAlpha during the second quarter valued at $348,000. Squarepoint Ops LLC grew its position in shares of MediaAlpha by 373.2% during the second quarter. Squarepoint Ops LLC now owns 50,339 shares of the company’s stock valued at $663,000 after purchasing an additional 39,702 shares in the last quarter. Sandia Investment Management LP purchased a new position in shares of MediaAlpha during the second quarter valued at about $79,000. Cubist Systematic Strategies LLC bought a new stake in shares of MediaAlpha in the second quarter worth about $3,235,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of MediaAlpha in the second quarter worth about $65,000. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Stock Performance

NYSE MAX opened at $19.31 on Friday. The business’s 50 day moving average price is $17.53 and its 200-day moving average price is $17.23. MediaAlpha, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $25.78. The company has a market cap of $1.27 billion, a P/E ratio of -28.40 and a beta of 1.22.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $178.27 million for the quarter, compared to the consensus estimate of $151.40 million. During the same quarter last year, the firm earned ($0.32) EPS. The company’s revenue was up 110.3% on a year-over-year basis. As a group, equities analysts predict that MediaAlpha, Inc. will post 0.35 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on MAX. Keefe, Bruyette & Woods restated an “outperform” rating and set a $26.00 price target (up previously from $25.00) on shares of MediaAlpha in a report on Thursday, August 1st. TD Cowen lowered shares of MediaAlpha from a “buy” rating to a “hold” rating and cut their target price for the company from $19.00 to $13.00 in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group assumed coverage on shares of MediaAlpha in a research note on Tuesday, August 20th. They set a “buy” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, MediaAlpha presently has an average rating of “Moderate Buy” and an average price target of $24.29.

MediaAlpha Profile

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.