MediaAlpha’s (MAX) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of MediaAlpha (NYSE:MAX) in a research note released on Thursday,Benzinga reports. Canaccord Genuity Group currently has a $15.00 price objective on the stock.

Several other analysts have also commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MediaAlpha in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of MediaAlpha from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Wall Street Zen downgraded MediaAlpha from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, The Goldman Sachs Group downgraded MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 15th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

MediaAlpha Price Performance

Shares of NYSE:MAX opened at $12.76 on Thursday. The company has a market capitalization of $866.57 million, a PE ratio of -425.02 and a beta of 1.20. The business has a fifty day moving average price of $11.60 and a two-hundred day moving average price of $10.66. MediaAlpha has a 1 year low of $7.33 and a 1 year high of $20.72.

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

Insider Activity at MediaAlpha

In other MediaAlpha news, CRO Keith Cramer sold 20,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $9.73, for a total transaction of $194,600.00. Following the sale, the executive owned 167,200 shares in the company, valued at $1,626,856. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kathy P. Vrabeck purchased 31,000 shares of MediaAlpha stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $9.60 per share, with a total value of $297,600.00. Following the completion of the transaction, the director owned 129,657 shares of the company’s stock, valued at $1,244,707.20. This represents a 31.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 29,669 shares of company stock valued at $297,873. 13.44% of the stock is owned by insiders.

Institutional Trading of MediaAlpha

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in MediaAlpha by 54.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 42,298 shares of the company’s stock worth $381,000 after purchasing an additional 14,871 shares during the period. Cerity Partners LLC purchased a new stake in shares of MediaAlpha in the first quarter worth about $150,000. Arizona State Retirement System bought a new position in shares of MediaAlpha in the first quarter valued at approximately $95,000. CWM LLC boosted its position in shares of MediaAlpha by 151.8% in the first quarter. CWM LLC now owns 16,523 shares of the company’s stock valued at $153,000 after acquiring an additional 9,962 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in MediaAlpha by 148.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 26,288 shares of the company’s stock valued at $243,000 after acquiring an additional 15,705 shares in the last quarter. Hedge funds and other 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.