Millennium Management LLC Has $6.28 Million Stock Position in MediaAlpha, Inc. (NYSE:MAX)

Millennium Management LLC decreased its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 21.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 477,019 shares of the company's stock after selling 132,763 shares during the quarter. Millennium Management LLC owned about 0.72% of MediaAlpha worth $6,282,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in MediaAlpha during the 1st quarter valued at about $1,118,000. Norden Group LLC boosted its position in shares of MediaAlpha by 1,767.2% during the first quarter. Norden Group LLC now owns 263,592 shares of the company's stock worth $5,369,000 after buying an additional 249,475 shares during the period. Nomura Holdings Inc. bought a new position in MediaAlpha in the 4th quarter worth approximately $1,364,000. Vanguard Group Inc. raised its stake in 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 in the last quarter. Finally, TimesSquare Capital Management LLC acquired a new position in MediaAlpha during the 1st quarter worth $22,181,000. Institutional investors own 64.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Cowen lowered MediaAlpha from a "buy" rating to a "hold" rating and lowered their price target for the company from $19.00 to $13.00 in a report on Wednesday, June 26th. The Goldman Sachs Group started coverage on shares of MediaAlpha in a research note on Tuesday, August 20th. They set a "buy" rating and a $20.00 target price on the stock. Finally, Keefe, Bruyette & Woods reaffirmed 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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.29.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded up $0.57 during trading hours on Friday, hitting $18.83. 331,192 shares of the company's stock traded hands, compared to its average volume of 563,494. The company's fifty day simple moving average is $17.23 and its two-hundred day simple moving average is $17.26. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -62.97 and a beta of 1.22. MediaAlpha, Inc. has a 52 week low of $8.51 and a 52 week high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $178.27 million for the quarter, compared to analyst estimates of $151.40 million. The firm's revenue for the quarter was up 110.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) earnings per share. On average, analysts anticipate that MediaAlpha, Inc. will post 0.35 EPS for the current fiscal year.

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.