Keefe, Bruyette & Woods Issues Pessimistic Forecast for MediaAlpha (NYSE:MAX) Stock Price

MediaAlpha (NYSE:MAX - Get Free Report) had its target price lowered by analysts at Keefe, Bruyette & Woods from $19.00 to $16.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 90.93% from the stock's current price.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group cut their price target on MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets lowered their price objective on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their target price on shares of MediaAlpha from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Canaccord Genuity Group reduced their price objective on MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 target price 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.21.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded down $0.09 on Tuesday, hitting $8.38. 1,480,802 shares of the company's stock were exchanged, compared to its average volume of 661,435. MediaAlpha has a 1-year low of $7.33 and a 1-year high of $25.78. The company has a market capitalization of $561.71 million, a PE ratio of 49.29 and a beta of 1.11. The firm's 50-day moving average is $8.96 and its 200 day moving average is $11.68.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.16). The company had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. On average, analysts anticipate that MediaAlpha will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in MediaAlpha by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock valued at $12,509,000 after purchasing an additional 154,637 shares in the last quarter. Barclays PLC lifted its position in shares of MediaAlpha by 423.2% in the third quarter. Barclays PLC now owns 66,525 shares of the company's stock valued at $1,204,000 after acquiring an additional 53,809 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of MediaAlpha by 655.8% during the third quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company's stock valued at $1,450,000 after acquiring an additional 69,477 shares during the last quarter. Rhumbline Advisers increased its position in MediaAlpha by 4.3% during the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock worth $490,000 after purchasing an additional 1,782 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of MediaAlpha by 100.1% in the third quarter. Franklin Resources Inc. now owns 128,604 shares of the company's stock valued at $2,432,000 after buying an additional 64,331 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

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.