Trexquant Investment LP Sells 42,261 Shares of MediaAlpha, Inc. (NYSE:MAX)

Trexquant Investment LP reduced its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,578 shares of the company's stock after selling 42,261 shares during the quarter. Trexquant Investment LP owned about 0.21% of MediaAlpha worth $1,576,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. TimesSquare Capital Management LLC boosted its stake in shares of MediaAlpha by 77.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock worth $18,389,000 after acquiring an additional 712,410 shares in the last quarter. Norges Bank purchased a new position in shares of MediaAlpha in the fourth quarter worth approximately $3,183,000. Vanguard Group Inc. raised its holdings in shares of MediaAlpha by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock valued at $40,908,000 after acquiring an additional 169,654 shares during the period. Geode Capital Management LLC boosted its stake in MediaAlpha by 28.9% in the 3rd quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock worth $12,509,000 after purchasing an additional 154,637 shares during the period. Finally, Schroder Investment Management Group purchased a new position in MediaAlpha during the 4th quarter worth approximately $902,000. 64.39% of the stock is currently owned by institutional investors and hedge funds.

MediaAlpha Stock Up 1.1 %

MAX stock traded up $0.08 during trading hours on Tuesday, hitting $7.58. The company's stock had a trading volume of 109,960 shares, compared to its average volume of 646,904. The company has a market capitalization of $508.09 million, a PE ratio of 44.56 and a beta of 1.11. The stock has a 50 day moving average price of $9.80 and a two-hundred day moving average price of $12.21. MediaAlpha, Inc. has a 12 month low of $7.16 and a 12 month high of $25.78.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MAX. The Goldman Sachs Group decreased their target price on MediaAlpha from $14.00 to $12.50 and set a "buy" rating for the company in a research report on Monday. Keefe, Bruyette & Woods lowered their target price on MediaAlpha from $22.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of MediaAlpha from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Canaccord Genuity Group dropped their price objective on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, BMO Capital Markets decreased their target price on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, MediaAlpha has a consensus rating of "Moderate Buy" and a consensus target price of $18.07.

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.