MediaAlpha, Inc. (NYSE:MAX) Receives $17.50 Consensus PT from Analysts

MediaAlpha, Inc. (NYSE:MAX) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $18.29.

A number of analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price on MediaAlpha from $23.00 to $14.00 and set a “buy” rating for the company in a report 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 research report on Monday, February 24th. JPMorgan Chase & Co. lowered their target price 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. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of MediaAlpha in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their target price on MediaAlpha from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th.

MediaAlpha Stock Down 4.5 %

MediaAlpha stock opened at $8.03 on Tuesday. MediaAlpha has a 52-week low of $7.76 and a 52-week high of $25.78. The firm has a market capitalization of $537.92 million, a price-to-earnings ratio of 47.21 and a beta of 1.11. The firm has a 50-day moving average price of $10.40 and a two-hundred day moving average price of $12.77.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data 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). The firm had revenue of $300.65 million during the quarter, compared to analyst estimates of $289.38 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. Research analysts expect that MediaAlpha will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On MediaAlpha

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in MediaAlpha by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company’s stock valued at $40,908,000 after purchasing an additional 169,654 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in MediaAlpha by 77.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company’s stock worth $18,389,000 after purchasing an additional 712,410 shares in the last quarter. Clearline Capital LP boosted its stake in shares of MediaAlpha by 115.3% in 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 period. Millennium Management LLC lifted its position in shares of MediaAlpha by 91.0% during the 4th quarter. Millennium Management LLC now owns 781,349 shares of the company’s stock valued at $8,821,000 after acquiring an additional 372,305 shares during the period. Finally, Geode Capital Management LLC grew its stake in MediaAlpha by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 698,703 shares of the company’s stock worth $7,890,000 after buying an additional 8,129 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

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.