MediaAlpha, Inc. (NYSE:MAX) Receives Average Rating of “Moderate Buy” from Analysts

MediaAlpha, Inc. (NYSE:MAX) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.50.

Several research firms recently issued reports on MAX. Keefe, Bruyette & Woods decreased their target price on shares of MediaAlpha from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Canaccord Genuity Group decreased their price target on shares of MediaAlpha from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of MediaAlpha from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their price objective on MediaAlpha from $23.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 target price on shares of MediaAlpha in a report on Tuesday, February 25th.

MediaAlpha Stock Performance

Shares of MAX opened at $9.25 on Tuesday. MediaAlpha has a fifty-two week low of $8.21 and a fifty-two week high of $25.78. The stock has a fifty day moving average of $10.59 and a two-hundred day moving average of $12.99. The company has a market capitalization of $620.03 million, a PE ratio of 54.41 and a beta of 1.15.

MediaAlpha (NYSE:MAX) last released its earnings results on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The business had revenue of $300.65 million during the quarter, compared to analyst estimates of $289.38 million. As a group, equities research analysts forecast that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MediaAlpha

Several hedge funds and other institutional investors have recently made changes to their positions in MAX. Vanguard Group Inc. raised its position in MediaAlpha by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company’s stock valued at $40,908,000 after purchasing an additional 169,654 shares during the period. TimesSquare Capital Management LLC grew its stake in shares of MediaAlpha by 77.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company’s stock valued at $18,389,000 after buying an additional 712,410 shares in the last quarter. Clearline Capital LP raised its holdings in shares of MediaAlpha by 115.3% during the 3rd quarter. Clearline Capital LP now owns 1,241,419 shares of the company’s stock valued at $22,482,000 after buying an additional 664,691 shares during the period. Millennium Management LLC raised its holdings in shares of MediaAlpha by 91.0% during the 4th quarter. Millennium Management LLC now owns 781,349 shares of the company’s stock valued at $8,821,000 after buying an additional 372,305 shares during the period. Finally, Geode Capital Management LLC lifted its position in MediaAlpha by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 698,703 shares of the company’s stock worth $7,890,000 after acquiring an additional 8,129 shares in the last quarter. 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.