ExodusPoint Capital Management LP Has $1.88 Million Holdings in MediaAlpha, Inc. (NYSE:MAX)

ExodusPoint Capital Management LP boosted its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 671.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 166,912 shares of the company's stock after purchasing an additional 145,271 shares during the period. ExodusPoint Capital Management LP owned about 0.25% of MediaAlpha worth $1,884,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in 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 in the last quarter. Schroder Investment Management Group acquired a new stake in shares of MediaAlpha during the fourth quarter worth $902,000. Norges Bank bought a new stake in MediaAlpha in the fourth quarter valued at about $3,183,000. Blair William & Co. IL acquired a new position in MediaAlpha in the fourth quarter valued at about $599,000. Finally, JPMorgan Chase & Co. boosted its holdings in MediaAlpha by 52.8% during the fourth quarter. JPMorgan Chase & Co. now owns 122,386 shares of the company's stock worth $1,382,000 after buying an additional 42,315 shares during the last quarter. 64.39% of the stock is owned by institutional investors.

MediaAlpha Price Performance

Shares of MAX traded up $0.07 during midday trading on Monday, hitting $7.57. The stock had a trading volume of 58,699 shares, compared to its average volume of 647,700. The firm has a market cap of $507.42 million, a price-to-earnings ratio of 44.53 and a beta of 1.11. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $25.78. The company has a 50 day simple moving average of $9.89 and a two-hundred day simple moving average of $12.28.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.16). The business had revenue of $300.65 million for the quarter, compared to the consensus estimate of $289.38 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. Analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on MAX shares. The Goldman Sachs Group cut their price target on shares of MediaAlpha from $23.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of MediaAlpha from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. BMO Capital Markets decreased their price target on shares of 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 dropped their price objective 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, Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 target price on shares of MediaAlpha in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.29.

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.