MediaAlpha, Inc. (NYSE:MAX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.57.

Several research analysts have issued reports on MAX shares. JPMorgan Chase & Co. dropped their price target on MediaAlpha from $25.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Keefe, Bruyette & Woods dropped their price target on MediaAlpha from $26.00 to $22.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. The Goldman Sachs Group dropped their price target on MediaAlpha from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price target on MediaAlpha from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, December 4th.

Hedge Funds Weigh In On MediaAlpha

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAX. Vanguard Group Inc. grew its holdings in shares of MediaAlpha by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock valued at $40,908,000 after acquiring an additional 169,654 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of MediaAlpha by 77.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock valued at $18,389,000 after acquiring an additional 712,410 shares in the last quarter. Clearline Capital LP grew 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 acquiring an additional 664,691 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of MediaAlpha by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 698,703 shares of the company's stock valued at $7,890,000 after acquiring an additional 8,129 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of MediaAlpha by 7.0% during the 3rd quarter. State Street Corp now owns 547,906 shares of the company's stock valued at $9,923,000 after acquiring an additional 35,960 shares in the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

MediaAlpha Price Performance

Shares of NYSE MAX traded up $0.35 during mid-day trading on Monday, reaching $13.15. 309,214 shares of the company traded hands, compared to its average volume of 367,059. MediaAlpha has a fifty-two week low of $10.21 and a fifty-two week high of $25.78. The firm has a market cap of $876.58 million, a PE ratio of 77.35 and a beta of 1.12. The stock has a fifty day simple moving average of $11.40 and a 200-day simple moving average of $14.55.

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.