TimesSquare Capital Management LLC Increases Holdings in MediaAlpha, Inc. (NYSE:MAX)

TimesSquare Capital Management LLC raised its position in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 77.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,628,815 shares of the company's stock after acquiring an additional 712,410 shares during the period. TimesSquare Capital Management LLC owned approximately 2.44% of MediaAlpha worth $18,389,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of MediaAlpha by 28.9% in the third 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 in the last quarter. Barclays PLC lifted its holdings in shares of MediaAlpha by 423.2% in the third quarter. Barclays PLC now owns 66,525 shares of the company's stock valued at $1,204,000 after purchasing an additional 53,809 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of MediaAlpha in the third quarter valued at approximately $804,000. JPMorgan Chase & Co. lifted its holdings in shares of MediaAlpha by 655.8% in the third quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company's stock valued at $1,450,000 after purchasing an additional 69,477 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in MediaAlpha during the third quarter worth $1,237,000. Institutional investors and hedge funds own 64.39% of the company's stock.

Wall Street Analysts Forecast Growth

MAX has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on MediaAlpha from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, December 4th. The Goldman Sachs Group dropped their price target on MediaAlpha from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their price target on MediaAlpha from $26.00 to $22.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on MediaAlpha from $25.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a hold rating and six have issued 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 $21.57.

MediaAlpha Price Performance

Shares of MAX traded down $0.37 during mid-day trading on Friday, hitting $11.40. The stock had a trading volume of 446,548 shares, compared to its average volume of 324,909. The firm has a market cap of $759.92 million, a P/E ratio of 67.06 and a beta of 1.12. The business has a fifty day moving average price of $11.53 and a 200-day moving average price of $14.39. MediaAlpha, Inc. has a 52 week low of $10.21 and a 52 week high of $25.78.

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.