MediaAlpha (MAX) Projected to Post Earnings on Tuesday

MediaAlpha (NYSE:MAX - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect MediaAlpha to post earnings of $0.20 per share and revenue of $289.38 million for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

MediaAlpha Price Performance

Shares of NYSE:MAX traded down $0.36 during trading on Friday, hitting $12.79. 227,276 shares of the company's stock were exchanged, compared to its average volume of 362,416. MediaAlpha has a 52-week low of $10.21 and a 52-week high of $25.78. The business's 50-day simple moving average is $11.44 and its 200 day simple moving average is $14.53. The company has a market cap of $852.25 million, a price-to-earnings ratio of 75.21 and a beta of 1.12.

Analysts Set New Price Targets

Several research firms have weighed in on MAX. Royal Bank of Canada cut their price target on MediaAlpha from $23.00 to $20.00 and set an "outperform" rating for the company in a report 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 note on Friday, January 10th. The Goldman Sachs Group decreased their price target on MediaAlpha from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods decreased their target price on MediaAlpha from $26.00 to $22.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.57.

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.