MediaAlpha, Inc. (NYSE:MAX) Receives $25.14 Consensus Target Price from Brokerages

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are presently covering the firm, Marketbeat.com 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 1-year target price among brokerages that have covered the stock in the last year is $25.14.

Several brokerages recently weighed in on MAX. The Goldman Sachs Group lifted their price objective on shares of MediaAlpha from $20.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $26.00 price objective (up from $25.00) on shares of MediaAlpha in a research report on Thursday, August 1st.

Insider Activity

In other MediaAlpha news, insider Eugene Nonko sold 72,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total value of $1,488,240.00. Following the sale, the insider now directly owns 1,550,990 shares in the company, valued at approximately $32,058,963.30. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.53% of the company's stock.

Hedge Funds Weigh In On MediaAlpha

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of MediaAlpha by 15.0% during the 1st quarter. Vanguard Group Inc. now owns 2,119,189 shares of the company's stock worth $43,168,000 after acquiring an additional 276,641 shares in the last quarter. Driehaus Capital Management LLC increased its stake in MediaAlpha by 208.4% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,436,615 shares of the company's stock worth $18,920,000 after purchasing an additional 970,840 shares in the last quarter. Clearline Capital LP raised its holdings in MediaAlpha by 115.3% during the 3rd 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 period. Geode Capital Management LLC lifted its stake in MediaAlpha by 28.9% during the third quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock valued at $12,509,000 after buying an additional 154,637 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new stake in MediaAlpha during the second quarter valued at about $7,956,000. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Trading Down 1.9 %

NYSE:MAX opened at $12.73 on Wednesday. The stock has a 50 day moving average of $16.38 and a 200-day moving average of $16.29. The firm has a market capitalization of $848.58 million, a PE ratio of 74.88 and a beta of 1.23. MediaAlpha has a 52 week low of $9.69 and a 52 week high of $25.78.

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