FY2025 EPS Estimates for MediaAlpha Lifted by William Blair

MediaAlpha, Inc. (NYSE:MAX - Free Report) - Investment analysts at William Blair lifted their FY2025 EPS estimates for MediaAlpha in a research report issued to clients and investors on Thursday, October 31st. William Blair analyst A. Klauber now anticipates that the company will post earnings per share of $0.61 for the year, up from their prior forecast of $0.51. The consensus estimate for MediaAlpha's current full-year earnings is $0.35 per share.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.03%. The company had revenue of $259.13 million during the quarter, compared to analyst estimates of $246.96 million.

A number of other brokerages have also recently commented on MAX. The Goldman Sachs Group increased their price target on shares of MediaAlpha from $20.00 to $26.00 and gave the company a "buy" rating in a research report on Friday. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $26.00 price target (up from $25.00) on shares of MediaAlpha in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.14.

MediaAlpha Stock Down 4.4 %

Shares of MediaAlpha stock traded down $0.75 during trading on Friday, hitting $16.38. 1,297,558 shares of the stock traded hands, compared to its average volume of 559,612. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 96.35 and a beta of 1.22. MediaAlpha has a 52 week low of $8.55 and a 52 week high of $25.78. The firm's fifty day moving average is $18.05 and its 200-day moving average is $17.22.

Institutional Investors Weigh In On MediaAlpha

Several institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in shares of MediaAlpha during the 1st quarter valued at about $1,118,000. Norden Group LLC lifted its stake in MediaAlpha by 1,767.2% during the 1st quarter. Norden Group LLC now owns 263,592 shares of the company's stock valued at $5,369,000 after acquiring an additional 249,475 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MediaAlpha by 15.0% during the 1st quarter. Vanguard Group Inc. now owns 2,119,189 shares of the company's stock valued at $43,168,000 after acquiring an additional 276,641 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of MediaAlpha during the first quarter valued at approximately $22,181,000. Finally, Hillsdale Investment Management Inc. bought a new position in MediaAlpha during the first quarter valued at approximately $4,062,000. Hedge funds and other institutional investors own 64.39% of the company's stock.

Insider Activity at MediaAlpha

In other MediaAlpha news, insider Eugene Nonko sold 72,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total value of $1,488,240.00. Following the sale, the insider now owns 1,550,990 shares of the company's stock, valued at $32,058,963.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.53% of the stock is currently owned by company insiders.

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.