Shares of MediaAlpha, Inc. (NYSE:MAX – Get 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
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:MAX – Get 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
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.
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