MediaAlpha, Inc. (NYSE:MAX - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $7.47 and last traded at $8.14, with a volume of 1205688 shares. The stock had previously closed at $7.67.
Wall Street Analysts Forecast Growth
MAX has been the subject of several recent research reports. Canaccord Genuity Group lowered their price target on MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, February 24th. BMO Capital Markets reduced their target price on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group dropped their price target on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods lowered their target price on shares of MediaAlpha from $22.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price target on shares of MediaAlpha in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.07.
Get Our Latest Analysis on MAX
MediaAlpha Stock Up 0.7 %
The firm has a market cap of $506.08 million, a price-to-earnings ratio of 44.41 and a beta of 1.11. The stock's 50-day moving average price is $9.80 and its 200 day moving average price is $12.21.
MediaAlpha (NYSE:MAX - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The firm had revenue of $300.65 million during the quarter, compared to analyst estimates of $289.38 million. On average, research analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in MediaAlpha by 8,775.8% in the first 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 period. Covestor Ltd boosted its position in shares of MediaAlpha by 44.1% in the 4th quarter. Covestor Ltd now owns 2,766 shares of the company's stock worth $31,000 after purchasing an additional 847 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in MediaAlpha in the fourth quarter valued at about $35,000. Quarry LP lifted its stake in MediaAlpha by 107.1% in the fourth quarter. Quarry LP now owns 5,841 shares of the company's stock valued at $66,000 after buying an additional 3,021 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in MediaAlpha during the fourth quarter worth about $67,000. Institutional investors own 64.39% of the company's stock.
About MediaAlpha
(
Get Free Report)
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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