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

Shares of MediaAlpha, Inc. (NYSE:MAX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat.com 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 analysts that have covered the stock in the last year is $17.21.

A number of research analysts recently commented on MAX shares. BMO Capital Markets reduced their price target on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Keefe, Bruyette & Woods reduced their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a research note on Tuesday. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price target on shares of MediaAlpha in a research note on Tuesday, February 25th. The Goldman Sachs Group reduced their price objective on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of MediaAlpha from $13.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday.

Institutional Trading of MediaAlpha

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of MediaAlpha by 8,775.8% during the 1st quarter. GAMMA Investing LLC now owns 2,929 shares of the company's stock valued at $27,000 after buying an additional 2,896 shares during the last quarter. Covestor Ltd boosted its stake in MediaAlpha by 44.1% in the fourth quarter. Covestor Ltd now owns 2,766 shares of the company's stock valued at $31,000 after acquiring an additional 847 shares during the period. Virtus Fund Advisers LLC bought a new position in shares of MediaAlpha during the fourth quarter valued at approximately $35,000. Quarry LP raised its position in shares of MediaAlpha by 107.1% during the 4th quarter. Quarry LP now owns 5,841 shares of the company's stock worth $66,000 after purchasing an additional 3,021 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of MediaAlpha in the 4th quarter worth approximately $67,000. 64.39% of the stock is owned by institutional investors and hedge funds.

MediaAlpha Stock Performance

MediaAlpha stock opened at $8.38 on Friday. The firm has a market capitalization of $561.71 million, a PE ratio of 49.29 and a beta of 1.11. MediaAlpha has a one year low of $7.33 and a one year high of $25.78. The stock's 50 day moving average price is $8.96 and its 200 day moving average price is $11.68.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.08 EPS 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 firm had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. On average, analysts forecast 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.

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