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

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has earned an average rating of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.14.

Several equities research analysts have commented on MAX shares. Keefe, Bruyette & Woods dropped their price target on shares of MediaAlpha from $26.00 to $22.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price target on shares of MediaAlpha from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group upped their price target on MediaAlpha from $20.00 to $26.00 and gave the company a "buy" rating in a report on Friday, November 1st.

MediaAlpha Price Performance

MAX stock remained flat at $11.21 during trading on Friday. 572,685 shares of the company traded hands, compared to its average volume of 579,093. The company has a market capitalization of $747.30 million, a price-to-earnings ratio of 65.94 and a beta of 1.10. The firm has a fifty day moving average price of $14.14 and a 200 day moving average price of $15.46. MediaAlpha has a 1-year low of $10.21 and a 1-year high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The business had revenue of $259.13 million for the quarter, compared to analyst estimates of $246.96 million. As a group, equities analysts predict that MediaAlpha will post 0.42 EPS for the current fiscal year.

Insider Activity at MediaAlpha

In related news, insider Eugene Nonko sold 72,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total transaction of $1,488,240.00. Following the completion of the sale, the insider now directly owns 1,550,990 shares in the company, valued at approximately $32,058,963.30. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.53% of the stock is owned by insiders.

Institutional Investors Weigh In On MediaAlpha

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAX. Bank of New York Mellon Corp increased its position in MediaAlpha by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,155 shares of the company's stock worth $1,108,000 after purchasing an additional 11,503 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MediaAlpha by 354.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,624 shares of the company's stock valued at $114,000 after acquiring an additional 6,728 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in MediaAlpha in the second quarter valued at approximately $225,000. Rhumbline Advisers grew its position in MediaAlpha by 7.3% in the second quarter. Rhumbline Advisers now owns 36,751 shares of the company's stock worth $484,000 after acquiring an additional 2,511 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of MediaAlpha during the 2nd quarter worth $477,000. Hedge funds and other institutional investors own 64.39% of the company's stock.

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.