Stoneridge Investment Partners LLC Acquires Shares of 27,547 MediaAlpha, Inc. (NYSE:MAX)

Stoneridge Investment Partners LLC purchased a new stake in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,547 shares of the company's stock, valued at approximately $311,000.

A number of other hedge funds have also bought and sold shares of MAX. Clearline Capital LP grew its holdings in shares of MediaAlpha by 115.3% during the third quarter. Clearline Capital LP now owns 1,241,419 shares of the company's stock valued at $22,482,000 after buying an additional 664,691 shares during the last quarter. Geode Capital Management LLC grew its stake in MediaAlpha by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock valued at $12,509,000 after purchasing an additional 154,637 shares during the last quarter. Algert Global LLC increased its holdings in shares of MediaAlpha by 917.7% in the third quarter. Algert Global LLC now owns 125,271 shares of the company's stock valued at $2,269,000 after purchasing an additional 112,962 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of MediaAlpha by 35.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,944 shares of the company's stock worth $4,961,000 after purchasing an additional 71,676 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of MediaAlpha by 655.8% during the third quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company's stock worth $1,450,000 after purchasing an additional 69,477 shares during the period. Institutional investors and hedge funds own 64.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of MediaAlpha from $25.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group decreased their target price on shares of MediaAlpha from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price target on MediaAlpha from $26.00 to $22.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their price objective on MediaAlpha from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, December 4th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, MediaAlpha has a consensus rating of "Moderate Buy" and a consensus target price of $21.57.

MediaAlpha Trading Up 0.7 %

Shares of MediaAlpha stock traded up $0.09 during trading hours on Wednesday, reaching $12.82. The stock had a trading volume of 319,581 shares, compared to its average volume of 369,103. The stock's 50 day moving average is $11.34 and its 200 day moving average is $14.57. MediaAlpha, Inc. has a twelve month low of $10.21 and a twelve month high of $25.78. The firm has a market capitalization of $854.58 million, a PE ratio of 75.41 and a beta of 1.12.

About MediaAlpha

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.