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

Shares of MediaAlpha, Inc. (NYSE:MAX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.57.

MAX has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective on shares of MediaAlpha from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Wednesday, December 4th. JPMorgan Chase & Co. decreased their price target on MediaAlpha from $25.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. 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. Finally, Keefe, Bruyette & Woods reduced their price objective on MediaAlpha from $26.00 to $22.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th.

MediaAlpha Trading Up 0.2 %

MediaAlpha stock traded up $0.02 during trading on Thursday, hitting $11.24. 329,311 shares of the company were exchanged, compared to its average volume of 409,671. The company has a market capitalization of $749.26 million, a P/E ratio of 66.12 and a beta of 1.12. The business's 50 day moving average is $11.67 and its 200 day moving average is $14.82. MediaAlpha has a 52 week low of $10.21 and a 52 week high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The firm had revenue of $259.13 million during the quarter, compared to analyst estimates of $246.96 million. Equities analysts expect that MediaAlpha will post 0.48 EPS for the current year.

Insider Activity at MediaAlpha

In related news, insider Eugene Nonko sold 72,000 shares of MediaAlpha stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $20.67, for a total value of $1,488,240.00. Following the completion of the sale, the insider now owns 1,550,990 shares of the company's stock, valued at approximately $32,058,963.30. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAX. Quarry LP lifted its stake in shares of MediaAlpha by 157.8% during the 3rd quarter. Quarry LP now owns 2,820 shares of the company's stock valued at $51,000 after buying an additional 1,726 shares in the last quarter. Point72 DIFC Ltd bought a new stake in MediaAlpha during the 2nd quarter valued at $65,000. Sandia Investment Management LP purchased a new stake in shares of MediaAlpha during the second quarter worth $79,000. nVerses Capital LLC purchased a new stake in shares of MediaAlpha during the third quarter worth $116,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of MediaAlpha in the second quarter worth $134,000. 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.