MediaAlpha, Inc. (NYSE:MAX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of MediaAlpha, Inc. (NYSE:MAXGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.21.

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price objective on MediaAlpha from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group decreased their price target on MediaAlpha from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Monday, April 14th. BMO Capital Markets dropped their price objective on MediaAlpha from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods reduced their target price on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of MediaAlpha from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st.

Check Out Our Latest Stock Report on MediaAlpha

Hedge Funds Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. increased its stake in shares of MediaAlpha by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 208,900 shares of the company’s stock valued at $2,358,000 after buying an additional 800 shares in the last quarter. Covestor Ltd increased its position in MediaAlpha by 44.1% in the 4th quarter. Covestor Ltd now owns 2,766 shares of the company’s stock valued at $31,000 after acquiring an additional 847 shares in the last quarter. Earnest Partners LLC raised its stake in shares of MediaAlpha by 0.4% in the fourth quarter. Earnest Partners LLC now owns 241,559 shares of the company’s stock worth $2,727,000 after acquiring an additional 1,021 shares during the last quarter. Rhumbline Advisers lifted its position in shares of MediaAlpha by 4.3% during the fourth quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock worth $490,000 after purchasing an additional 1,782 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of MediaAlpha by 14.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,236 shares of the company’s stock worth $229,000 after purchasing an additional 2,492 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Price Performance

Shares of MediaAlpha stock opened at $10.95 on Friday. MediaAlpha has a 52-week low of $7.33 and a 52-week high of $20.91. The firm has a market capitalization of $733.98 million, a PE ratio of 64.41 and a beta of 1.19. The company’s fifty day moving average price is $9.49 and its two-hundred day moving average price is $10.31.

MediaAlpha (NYSE:MAXGet Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The business had revenue of $264.31 million for the quarter, compared to analyst estimates of $236.07 million. During the same quarter last year, the firm posted ($0.02) earnings per share. MediaAlpha’s revenue was up 108.7% on a year-over-year basis. Analysts predict that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

About MediaAlpha

(Get Free Report

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.

Featured Stories

Analyst Recommendations for MediaAlpha (NYSE:MAX)

Receive News & Ratings for MediaAlpha Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MediaAlpha and related companies with MarketBeat.com's FREE daily email newsletter.