MediaAlpha, Inc. (NYSE:MAX) Receives $14.58 Consensus PT from Analysts

MediaAlpha, Inc. (NYSE:MAX) has earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.5833.

A number of equities analysts have recently commented on MAX shares. Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods decreased their price target on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings raised shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their price objective on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada reduced their target price on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th.

MediaAlpha Stock Down 0.8%

NYSE:MAX opened at $9.61 on Tuesday. The stock’s 50 day moving average price is $9.66 and its 200 day moving average price is $11.35. The company has a market capitalization of $619.78 million, a PE ratio of 24.64 and a beta of 1.30. MediaAlpha has a 52-week low of $7.09 and a 52-week high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Monday, February 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.25 by $0.25. The company had revenue of $291.16 million for the quarter, compared to analyst estimates of $296.42 million. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts anticipate that MediaAlpha will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other MediaAlpha news, CRO Keith Cramer sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $11.37, for a total transaction of $113,700.00. Following the completion of the sale, the executive directly owned 177,169 shares of the company’s stock, valued at $2,014,411.53. This represents a 5.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eugene Nonko sold 59,202 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $10.01, for a total value of $592,612.02. Following the sale, the director directly owned 1,395,320 shares of the company’s stock, valued at $13,967,153.20. The trade was a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 578,689 shares of company stock worth $6,130,733. Insiders own 13.44% of the company’s stock.

Hedge Funds Weigh In On MediaAlpha

A number of hedge funds and other institutional investors have recently bought and sold shares of MAX. Caitong International Asset Management Co. Ltd raised its position in MediaAlpha by 5,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after buying an additional 2,124 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after acquiring an additional 2,777 shares in the last quarter. Quarry LP boosted its holdings in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after acquiring an additional 1,234 shares in the last quarter. Strs Ohio acquired a new position in shares of MediaAlpha during the fourth quarter worth about $49,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after acquiring an additional 1,213 shares during the period. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

MediaAlpha Company Profile

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.