Schroder Investment Management Group Takes Position in MediaAlpha, Inc. (NYSE:MAX)

Schroder Investment Management Group purchased a new position in MediaAlpha, Inc. (NYSE:MAX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 80,817 shares of the company's stock, valued at approximately $902,000. Schroder Investment Management Group owned 0.12% of MediaAlpha as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in MAX. Charles Schwab Investment Management Inc. increased its stake in shares of MediaAlpha by 35.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,944 shares of the company's stock valued at $4,961,000 after purchasing an additional 71,676 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in MediaAlpha by 11.9% in the third quarter. The Manufacturers Life Insurance Company now owns 11,368 shares of the company's stock valued at $206,000 after acquiring an additional 1,213 shares during the last quarter. MetLife Investment Management LLC raised its stake in MediaAlpha by 28.8% during the third quarter. MetLife Investment Management LLC now owns 17,446 shares of the company's stock worth $316,000 after acquiring an additional 3,906 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of MediaAlpha by 8.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 73,428 shares of the company's stock worth $1,330,000 after acquiring an additional 5,708 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of MediaAlpha by 233.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 34,407 shares of the company's stock valued at $623,000 after purchasing an additional 24,077 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of MediaAlpha from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. BMO Capital Markets cut their price objective on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods lowered their target price on MediaAlpha from $22.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on MediaAlpha from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, MediaAlpha presently has an average rating of "Moderate Buy" and a consensus price target of $18.29.

MediaAlpha Trading Down 1.8 %

MAX stock traded down $0.14 during trading on Friday, hitting $7.49. The company had a trading volume of 438,876 shares, compared to its average volume of 650,172. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $25.78. The business has a 50-day moving average of $9.89 and a 200-day moving average of $12.32. The stock has a market cap of $501.99 million, a PE ratio of 44.05 and a beta of 1.11.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its earnings results 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 firm had revenue of $300.65 million for the quarter, compared to the consensus estimate of $289.38 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. Research analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current 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.