Victory Capital Management Inc. Has $966,000 Stake in MediaAlpha, Inc. (NYSE:MAX)

Victory Capital Management Inc. boosted its stake in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 135.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 85,564 shares of the company's stock after buying an additional 49,192 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of MediaAlpha worth $966,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MAX. Quarry LP grew its holdings in shares of MediaAlpha by 157.8% during the third quarter. Quarry LP now owns 2,820 shares of the company's stock worth $51,000 after buying an additional 1,726 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in MediaAlpha by 11.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,368 shares of the company's stock worth $206,000 after acquiring an additional 1,213 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of MediaAlpha during the 3rd quarter worth approximately $262,000. Ieq Capital LLC acquired a new stake in shares of MediaAlpha in the fourth quarter valued at approximately $169,000. Finally, MetLife Investment Management LLC lifted its position in shares of MediaAlpha by 28.8% in the third quarter. MetLife Investment Management LLC now owns 17,446 shares of the company's stock worth $316,000 after purchasing an additional 3,906 shares in the last quarter. Institutional investors own 64.39% of the company's stock.

Analysts Set New Price Targets

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

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MediaAlpha Stock Performance

MAX traded up $0.15 on Monday, reaching $9.87. The company had a trading volume of 664,981 shares, compared to its average volume of 620,887. The company's fifty day moving average is $10.76 and its 200 day moving average is $13.30. The stock has a market cap of $661.45 million, a P/E ratio of 58.05 and a beta of 1.15. MediaAlpha, Inc. has a fifty-two week low of $8.21 and a fifty-two week high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.08 earnings per share 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 firm had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. On average, sell-side analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.

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.