Barclays PLC Buys 53,809 Shares of MediaAlpha, Inc. (NYSE:MAX)

Barclays PLC boosted its position in shares of MediaAlpha, Inc. (NYSE:MAX) by 423.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,525 shares of the company’s stock after acquiring an additional 53,809 shares during the period. Barclays PLC owned 0.10% of MediaAlpha worth $1,204,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP grew its holdings in MediaAlpha by 157.8% during the 3rd quarter. Quarry LP now owns 2,820 shares of the company’s stock valued at $51,000 after buying an additional 1,726 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in MediaAlpha in the 2nd quarter worth $65,000. Sandia Investment Management LP bought a new position in shares of MediaAlpha during the 2nd quarter valued at about $79,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MediaAlpha by 354.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,624 shares of the company’s stock valued at $114,000 after purchasing an additional 6,728 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of MediaAlpha in the third quarter worth about $116,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada dropped their price target on MediaAlpha from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. The Goldman Sachs Group raised their target price on shares of MediaAlpha from $20.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of MediaAlpha from $26.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.14.

Insider Transactions at MediaAlpha

In other MediaAlpha news, insider Eugene Nonko sold 72,000 shares of MediaAlpha stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $20.67, for a total transaction of $1,488,240.00. Following the completion of the sale, the insider now directly owns 1,550,990 shares of the company’s stock, valued at $32,058,963.30. The trade was a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.53% of the company’s stock.

MediaAlpha Price Performance

Shares of NYSE:MAX opened at $11.14 on Monday. The firm has a market capitalization of $742.64 million, a PE ratio of 65.53 and a beta of 1.10. The business has a 50 day simple moving average of $13.32 and a two-hundred day simple moving average of $15.20. MediaAlpha, Inc. has a 1 year low of $10.21 and a 1 year high of $25.78.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $259.13 million during the quarter, compared to analysts’ expectations of $246.96 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. Equities research analysts expect that MediaAlpha, Inc. will post 0.42 EPS for the current fiscal year.

MediaAlpha Company 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.