MediaAlpha, Inc. (NYSE:MAX) Receives $17.50 Consensus Target Price from Analysts

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.50.

Several brokerages have commented on MAX. Keefe, Bruyette & Woods cut their price target on shares of MediaAlpha from $22.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. The Goldman Sachs Group cut their price target on shares of MediaAlpha from $23.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of MediaAlpha from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 price target on shares of MediaAlpha in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group dropped their price objective 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.

MediaAlpha Stock Performance

MediaAlpha stock traded down $0.19 during mid-day trading on Friday, reaching $8.78. The company's stock had a trading volume of 812,735 shares, compared to its average volume of 610,668. MediaAlpha has a 12-month low of $8.65 and a 12-month high of $25.78. The company has a market capitalization of $588.19 million, a P/E ratio of 51.62 and a beta of 1.15. The firm's fifty day moving average price is $11.16 and its two-hundred day moving average price is $13.88.

Remove Ads

MediaAlpha (NYSE:MAX - Get Free Report) last announced 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 firm had revenue of $300.65 million during the quarter, compared to the consensus estimate of $289.38 million. On average, research analysts predict that MediaAlpha will post 0.48 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

A number of hedge funds have recently made changes to their positions in MAX. Robeco Institutional Asset Management B.V. bought a new stake in MediaAlpha in the third quarter worth $221,000. Los Angeles Capital Management LLC lifted its stake in MediaAlpha by 91.9% in the third quarter. Los Angeles Capital Management LLC now owns 55,183 shares of the company's stock worth $999,000 after purchasing an additional 26,420 shares during the last quarter. GSA Capital Partners LLP bought a new stake in MediaAlpha in the third quarter worth $804,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in MediaAlpha in the third quarter worth $744,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in MediaAlpha by 35.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,944 shares of the company's stock worth $4,961,000 after purchasing an additional 71,676 shares during the last quarter. 64.39% of the stock is owned by institutional investors.

About MediaAlpha

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.