MediaAlpha, Inc. (NYSE:MAX) Receives $17.21 Consensus Target Price from Brokerages

MediaAlpha, Inc. (NYSE:MAX) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $17.21.

MAX has been the topic of several recent research reports. BMO Capital Markets reduced their price objective on MediaAlpha from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on MediaAlpha from $13.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Canaccord Genuity Group lowered their price target on MediaAlpha from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of MediaAlpha in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd.

MediaAlpha Trading Up 1.0 %

Shares of MediaAlpha stock opened at $8.49 on Friday. The business has a fifty day simple moving average of $8.88 and a two-hundred day simple moving average of $11.52. The firm has a market capitalization of $569.08 million, a P/E ratio of 49.94 and a beta of 1.11. MediaAlpha has a 12 month low of $7.33 and a 12 month high of $25.78.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The business had revenue of $300.65 million for the quarter, compared to the consensus estimate of $289.38 million. Analysts predict that MediaAlpha will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently added to or reduced their stakes in MAX. Hillsdale Investment Management Inc. grew its holdings 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 worth $2,358,000 after acquiring an additional 800 shares during the period. Covestor Ltd increased its holdings in MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company’s stock valued at $31,000 after buying an additional 847 shares during the last quarter. Earnest Partners LLC increased its holdings in MediaAlpha by 0.4% during the fourth quarter. Earnest Partners LLC now owns 241,559 shares of the company’s stock valued at $2,727,000 after buying an additional 1,021 shares during the last quarter. Rhumbline Advisers lifted its position in shares of MediaAlpha by 4.3% during the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock valued at $490,000 after buying an additional 1,782 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of MediaAlpha by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,236 shares of the company’s stock valued at $229,000 after acquiring an additional 2,492 shares during the period. 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.