Franklin Resources Inc. Has $674,000 Stake in MediaAlpha, Inc. (NYSE:MAX)

Franklin Resources Inc. decreased its position in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 53.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,724 shares of the company's stock after selling 68,880 shares during the period. Franklin Resources Inc. owned about 0.09% of MediaAlpha worth $674,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 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 worth $40,908,000 after purchasing an additional 169,654 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of MediaAlpha by 77.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock worth $18,389,000 after buying an additional 712,410 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MediaAlpha by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock worth $12,509,000 after buying an additional 154,637 shares during the period. State Street Corp lifted its position in shares of MediaAlpha by 7.0% during the 3rd quarter. State Street Corp now owns 547,906 shares of the company's stock worth $9,923,000 after buying an additional 35,960 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in MediaAlpha by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 324,497 shares of the company's stock valued at $3,664,000 after buying an additional 50,553 shares in the last quarter. Institutional investors own 64.39% of the company's stock.

MediaAlpha Stock Performance

NYSE MAX traded up $0.20 during trading on Friday, hitting $7.78. The stock had a trading volume of 681,811 shares, compared to its average volume of 655,829. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $25.78. The company's 50-day moving average price is $9.41 and its two-hundred day moving average price is $11.96. The company has a market capitalization of $521.16 million, a PE ratio of 45.74 and a beta of 1.11.

MediaAlpha (NYSE:MAX - Get Free Report) last announced 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 negative return on equity of 11.98% and a net margin of 1.41%. The business had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. As a group, equities analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAX has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price target on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets reduced their target price on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. Canaccord Genuity Group dropped their price target on MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price objective on shares of MediaAlpha from $22.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price objective on shares of MediaAlpha in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.07.

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.