Segall Bryant & Hamill LLC Buys Shares of 73,172 MediaAlpha, Inc. (NYSE:MAX)

Segall Bryant & Hamill LLC purchased a new stake in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 73,172 shares of the company's stock, valued at approximately $826,000. Segall Bryant & Hamill LLC owned approximately 0.11% of MediaAlpha at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of MediaAlpha by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock valued at $40,908,000 after purchasing an additional 169,654 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in MediaAlpha by 77.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock valued at $18,389,000 after buying an additional 712,410 shares in the last quarter. Clearline Capital LP raised its position in shares of MediaAlpha by 115.3% in the third quarter. Clearline Capital LP now owns 1,241,419 shares of the company's stock worth $22,482,000 after acquiring an additional 664,691 shares during the period. Geode Capital Management LLC boosted its stake in shares of MediaAlpha by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock worth $12,509,000 after acquiring an additional 154,637 shares in the last quarter. Finally, State Street Corp grew its position in shares of MediaAlpha by 7.0% during the 3rd quarter. State Street Corp now owns 547,906 shares of the company's stock valued at $9,923,000 after acquiring an additional 35,960 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.

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MediaAlpha Price Performance

MAX traded down $0.04 during trading hours on Wednesday, reaching $8.97. The company's stock had a trading volume of 110,028 shares, compared to its average volume of 510,092. MediaAlpha, Inc. has a fifty-two week low of $8.21 and a fifty-two week high of $25.78. The stock has a market cap of $600.92 million, a PE ratio of 52.82 and a beta of 1.15. The business's 50-day moving average is $10.54 and its 200-day moving average is $12.93.

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

Wall Street Analyst Weigh In

MAX has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on MediaAlpha from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on MediaAlpha from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group cut their price target on shares of MediaAlpha from $23.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price objective on shares of MediaAlpha in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods cut their target price on shares of MediaAlpha from $22.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, MediaAlpha has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

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.