Shares of MediaAlpha, Inc. (NYSE:MAX – Get Free Report) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.2857.
Several equities research analysts have recently weighed in on MAX shares. Texas Capital upgraded shares of MediaAlpha to a “strong-buy” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada raised their target price on MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. TD Cowen dropped their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd. Finally, Capital One Financial set a $11.00 price target on MediaAlpha in a report on Tuesday, June 9th.
Read Our Latest Analysis on MAX
MediaAlpha Price Performance
MediaAlpha (NYSE:MAX – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. Equities research analysts expect that MediaAlpha will post 1.13 EPS for the current year.
Insider Activity at MediaAlpha
In other MediaAlpha news, insider Steven Yi sold 96,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $12.90, for a total value of $1,238,400.00. Following the transaction, the insider owned 2,759,690 shares in the company, valued at approximately $35,600,001. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Eugene Nonko sold 25,352 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.86, for a total value of $351,378.72. Following the completion of the transaction, the director owned 1,137,304 shares in the company, valued at approximately $15,763,033.44. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 601,278 shares of company stock worth $7,775,484 over the last quarter. 14.65% of the stock is currently owned by insiders.
Hedge Funds Weigh In On MediaAlpha
Several large investors have recently added to or reduced their stakes in MAX. Clearline Capital LP lifted its holdings in shares of MediaAlpha by 0.8% in the fourth quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock valued at $16,854,000 after purchasing an additional 10,604 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in MediaAlpha by 24.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after buying an additional 206,077 shares during the last quarter. Jacobs Asset Management LLC increased its stake in shares of MediaAlpha by 31.1% during the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock worth $8,597,000 after purchasing an additional 219,144 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MediaAlpha by 94.1% in the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after buying an additional 300,871 shares during the period. Finally, Triad Investment Management raised its stake in MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after acquiring an additional 34,867 shares during the period. Institutional investors own 64.39% of the company’s stock.
About MediaAlpha
MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.
The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.
MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.
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