MediaAlpha, Inc. (NYSE:MAX) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 128.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,045 shares of the company's stock after buying an additional 70,862 shares during the period. Los Angeles Capital Management LLC owned about 0.19% of MediaAlpha worth $1,423,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MAX. TimesSquare Capital Management LLC increased its position 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 valued at $18,389,000 after purchasing an additional 712,410 shares during the last quarter. Clearline Capital LP increased its holdings in MediaAlpha by 115.3% in the third 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 last quarter. Geode Capital Management LLC increased its holdings in MediaAlpha by 28.9% in the third quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock valued at $12,509,000 after buying an additional 154,637 shares during the last quarter. Algert Global LLC raised its stake in MediaAlpha by 917.7% in the third quarter. Algert Global LLC now owns 125,271 shares of the company's stock valued at $2,269,000 after buying an additional 112,962 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in MediaAlpha by 35.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,944 shares of the company's stock worth $4,961,000 after buying an additional 71,676 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Price Performance

Shares of MAX traded down $0.27 during mid-day trading on Monday, reaching $9.02. 536,900 shares of the company's stock were exchanged, compared to its average volume of 606,092. The business's fifty day simple moving average is $11.34 and its 200-day simple moving average is $14.11. The stock has a market capitalization of $604.61 million, a PE ratio of 53.06 and a beta of 1.12. MediaAlpha, Inc. has a 52-week low of $8.65 and a 52-week high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.08 earnings per share (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 analysts' expectations of $289.38 million. Equities research analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.