MediaAlpha, Inc. (NYSE:MAX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 18.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,497 shares of the company's stock after purchasing an additional 50,553 shares during the period. Charles Schwab Investment Management Inc. owned 0.49% of MediaAlpha worth $3,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of MediaAlpha by 11.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,368 shares of the company's stock worth $206,000 after purchasing an additional 1,213 shares during the last quarter. Quarry LP lifted its stake in shares of MediaAlpha by 157.8% during the third quarter. Quarry LP now owns 2,820 shares of the company's stock valued at $51,000 after buying an additional 1,726 shares during the period. Rhumbline Advisers boosted its position in MediaAlpha by 4.3% during the fourth quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock worth $490,000 after acquiring an additional 1,782 shares during the last quarter. MetLife Investment Management LLC boosted its position in MediaAlpha by 28.8% during the third quarter. MetLife Investment Management LLC now owns 17,446 shares of the company's stock worth $316,000 after acquiring an additional 3,906 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MediaAlpha by 8.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,428 shares of the company's stock worth $1,330,000 after acquiring an additional 5,708 shares during the period. Hedge funds and other institutional investors own 64.39% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have weighed in on MAX. JPMorgan Chase & Co. reduced their price target on MediaAlpha from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their price target on MediaAlpha from $22.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered their price target on MediaAlpha from $23.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price objective on shares of MediaAlpha in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their target price on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

MediaAlpha Trading Down 8.0 %

Shares of MediaAlpha stock traded down $0.81 during trading hours on Friday, reaching $9.35. The stock had a trading volume of 648,188 shares, compared to its average volume of 639,898. The firm has a market capitalization of $626.46 million, a price-to-earnings ratio of 54.98 and a beta of 1.15. MediaAlpha, Inc. has a 1 year low of $8.21 and a 1 year high of $25.78. The firm has a 50 day simple moving average of $10.62 and a two-hundred day simple moving average of $13.05.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly 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 analysts' expectations of $289.38 million. Sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current 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.