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

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has been given an average rating of "Moderate Buy" by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $18.29.

A number of research firms have commented on MAX. JPMorgan Chase & Co. reduced their price objective on shares of MediaAlpha from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. BMO Capital Markets lowered their price target on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $20.00 price objective on shares of MediaAlpha in a report on Tuesday, February 25th. Keefe, Bruyette & Woods lowered their target price on MediaAlpha from $22.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group reduced their price target on MediaAlpha from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 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 purchasing an additional 169,654 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in MediaAlpha by 77.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock valued at $18,389,000 after buying an additional 712,410 shares in the last quarter. Clearline Capital LP grew its stake in shares of MediaAlpha by 115.3% during the third quarter. Clearline Capital LP now owns 1,241,419 shares of the company's stock worth $22,482,000 after buying an additional 664,691 shares during the last quarter. Millennium Management LLC increased its holdings in shares of MediaAlpha by 91.0% during the fourth quarter. Millennium Management LLC now owns 781,349 shares of the company's stock worth $8,821,000 after buying an additional 372,305 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of MediaAlpha by 1.2% in 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 during the last quarter. Institutional investors own 64.39% of the company's stock.

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MediaAlpha Stock Performance

MAX traded down $0.54 during trading on Tuesday, reaching $7.86. 332,276 shares of the stock were exchanged, compared to its average volume of 641,126. The stock has a market cap of $526.86 million, a P/E ratio of 46.21 and a beta of 1.11. The stock's 50 day moving average price is $10.46 and its two-hundred day moving average price is $12.87. MediaAlpha has a twelve month low of $7.84 and a twelve month high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $289.38 million. Equities research analysts predict that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

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.