Los Angeles Capital Management LLC Sells 28,993 Shares of MediaAlpha, Inc. $MAX

Los Angeles Capital Management LLC lessened its stake in shares of MediaAlpha, Inc. (NYSE:MAX) by 19.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 119,528 shares of the company’s stock after selling 28,993 shares during the period. Los Angeles Capital Management LLC’s holdings in MediaAlpha were worth $1,309,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Corton Capital Inc. increased its holdings in MediaAlpha by 8.2% during the 2nd quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock worth $207,000 after purchasing an additional 1,425 shares during the period. Swiss National Bank grew its position in shares of MediaAlpha by 8.3% during the 1st quarter. Swiss National Bank now owns 69,400 shares of the company’s stock worth $641,000 after buying an additional 5,300 shares in the last quarter. CWM LLC increased its stake in shares of MediaAlpha by 37.3% during the second quarter. CWM LLC now owns 22,681 shares of the company’s stock valued at $248,000 after buying an additional 6,158 shares during the period. Hsbc Holdings PLC raised its holdings in shares of MediaAlpha by 21.7% in the first quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock valued at $472,000 after acquiring an additional 8,981 shares in the last quarter. Finally, Graham Capital Management L.P. raised its holdings in shares of MediaAlpha by 15.1% in the first quarter. Graham Capital Management L.P. now owns 73,945 shares of the company’s stock valued at $683,000 after acquiring an additional 9,694 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

MediaAlpha Stock Down 0.3%

NYSE:MAX opened at $13.25 on Thursday. The stock has a market capitalization of $863.18 million, a price-to-earnings ratio of -441.35 and a beta of 1.21. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $13.85. The firm has a 50 day moving average of $12.02 and a 200 day moving average of $10.95.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. During the same period in the previous year, the company earned $0.17 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. MediaAlpha has set its Q4 2025 guidance at EPS. As a group, analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on MAX shares. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research report on Friday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a research note on Thursday, October 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of MediaAlpha in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MediaAlpha currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

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.