MediaAlpha (NYSE:MAX – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect MediaAlpha to post earnings of $0.02 per share for the quarter. MediaAlpha has set its Q2 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
MediaAlpha (NYSE:MAX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The firm had revenue of $126.60 million during the quarter, compared to analysts’ expectations of $111.17 million. During the same quarter in the prior year, the business earned ($0.23) EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts expect MediaAlpha to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
MediaAlpha Stock Performance
Shares of MAX stock opened at $14.59 on Tuesday. MediaAlpha has a fifty-two week low of $7.62 and a fifty-two week high of $25.78. The business has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $16.98.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on MediaAlpha
Insiders Place Their Bets
In other MediaAlpha news, major shareholder Insignia Capital Partners Gp, sold 2,589,800 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $19.00, for a total value of $49,206,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of MediaAlpha stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total value of $95,003,800.00. Following the transaction, the insider now directly owns 17,856,614 shares of the company’s stock, valued at approximately $339,275,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Insignia Capital Partners Gp, sold 2,589,800 shares of MediaAlpha stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $19.00, for a total value of $49,206,200.00. The disclosure for this sale can be found here. 11.53% of the stock is owned by corporate insiders.
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.
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