Sei Investments Co. Has $1.30 Million Stock Position in MediaAlpha, Inc. (NYSE:MAX)

Sei Investments Co. increased its stake in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 180.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,181 shares of the company's stock after purchasing an additional 74,113 shares during the period. Sei Investments Co. owned 0.17% of MediaAlpha worth $1,300,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in MediaAlpha by 157.8% during the 3rd quarter. Quarry LP now owns 2,820 shares of the company's stock valued at $51,000 after purchasing an additional 1,726 shares during the period. Ieq Capital LLC bought a new stake in shares of MediaAlpha during the fourth quarter worth approximately $169,000. The Manufacturers Life Insurance Company lifted its holdings 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 buying an additional 1,213 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in MediaAlpha by 73.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,140 shares of the company's stock valued at $239,000 after buying an additional 8,938 shares during the period. Finally, US Bancorp DE boosted its stake in MediaAlpha by 35.6% in the fourth quarter. US Bancorp DE now owns 23,547 shares of the company's stock valued at $266,000 after acquiring an additional 6,184 shares during the last quarter. Institutional investors own 64.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MAX shares. The Goldman Sachs Group dropped their target price on shares of MediaAlpha from $23.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price objective on shares of MediaAlpha in a report on Tuesday, February 25th. BMO Capital Markets reduced their target price on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. decreased their target price on MediaAlpha from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods cut their price target on shares of MediaAlpha from $22.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.29.

MediaAlpha Stock Down 1.8 %

Shares of NYSE MAX traded down $0.14 during trading hours on Friday, hitting $7.49. The company had a trading volume of 438,876 shares, compared to its average volume of 650,172. The firm's 50 day moving average is $9.89 and its 200-day moving average is $12.32. MediaAlpha, Inc. has a 1-year low of $7.34 and a 1-year high of $25.78. The stock has a market capitalization of $501.99 million, a P/E ratio of 44.05 and a beta of 1.11.

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

MediaAlpha 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.