MediaAlpha, Inc. (NYSE:MAX) Receives Consensus Rating of “Moderate Buy” from Brokerages

MediaAlpha, Inc. (NYSE:MAX) has received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $21.57.

Several research firms have recently commented on MAX. Keefe, Bruyette & Woods decreased their target price on shares of MediaAlpha from $26.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their target price 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 decreased their price target on MediaAlpha from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut 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.

MediaAlpha Price Performance

Shares of MediaAlpha stock opened at $11.16 on Thursday. The business has a 50-day simple moving average of $11.64 and a 200 day simple moving average of $14.81. MediaAlpha has a one year low of $10.21 and a one year high of $25.78. The firm has a market capitalization of $743.86 million, a price-to-earnings ratio of 65.64 and a beta of 1.12.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The company had revenue of $259.13 million for the quarter, compared to analyst estimates of $246.96 million. On average, sell-side analysts expect that MediaAlpha will post 0.48 EPS for the current year.

Insider Buying and Selling at MediaAlpha

In related news, insider Eugene Nonko sold 72,000 shares of MediaAlpha stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $20.67, for a total value of $1,488,240.00. Following the completion of the sale, the insider now owns 1,550,990 shares of the company’s stock, valued at approximately $32,058,963.30. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.53% of the company’s stock.

Institutional Investors Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in shares of MediaAlpha by 11.9% during 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. Hsbc Holdings PLC grew its stake in MediaAlpha by 7.1% during the second quarter. Hsbc Holdings PLC now owns 23,791 shares of the company’s stock valued at $312,000 after acquiring an additional 1,582 shares in the last quarter. Quarry LP increased its holdings in MediaAlpha by 157.8% during the 3rd quarter. Quarry LP now owns 2,820 shares of the company’s stock worth $51,000 after acquiring an additional 1,726 shares during the period. Rhumbline Advisers lifted its stake in MediaAlpha by 7.3% in the 2nd quarter. Rhumbline Advisers now owns 36,751 shares of the company’s stock worth $484,000 after purchasing an additional 2,511 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in MediaAlpha by 28.8% in the 3rd quarter. MetLife Investment Management LLC now owns 17,446 shares of the company’s stock valued at $316,000 after purchasing an additional 3,906 shares during the period. Institutional investors own 64.39% of the company’s stock.

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.