Analysts Set MediaAlpha, Inc. (NYSE:MAX) PT at $21.57

Shares of MediaAlpha, Inc. (NYSE:MAX) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.57.

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price target on MediaAlpha from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of MediaAlpha from $25.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group cut their price target on shares of MediaAlpha from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada decreased their price objective on shares of MediaAlpha from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, December 4th.

MediaAlpha Price Performance

NYSE:MAX opened at $12.82 on Monday. The firm has a 50-day moving average of $11.37 and a two-hundred day moving average of $14.56. The stock has a market cap of $854.58 million, a P/E ratio of 75.41 and a beta of 1.12. MediaAlpha has a 1-year low of $10.21 and a 1-year high of $25.78.

Institutional Investors Weigh In On MediaAlpha

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in shares of MediaAlpha during the second quarter valued at approximately $206,000. The Manufacturers Life Insurance Company acquired a new stake in MediaAlpha in the second quarter worth $134,000. SG Americas Securities LLC bought a new stake in MediaAlpha in the third quarter valued at $396,000. nVerses Capital LLC acquired a new position in shares of MediaAlpha during the third quarter valued at $116,000. Finally, OmniStar Financial Group Inc. bought a new stake in MediaAlpha in the 3rd quarter valued at about $523,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.