MediaAlpha, Inc. (NYSE:MAX) Given Average Rating of “Moderate Buy” by Analysts

Shares of MediaAlpha, Inc. (NYSE:MAX) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.6429.

A number of research analysts have recently commented on MAX shares. TD Cowen cut their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Keefe, Bruyette & Woods raised their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Wall Street Zen raised shares of MediaAlpha from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st.

Insider Activity

In related news, Director Eugene Nonko sold 27,972 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $10.04, for a total transaction of $280,838.88. Following the transaction, the director directly owned 987,384 shares in the company, valued at $9,913,335.36. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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, insider Steven Yi sold 96,000 shares of the firm’s 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 completion of the sale, the insider owned 2,759,690 shares of the company’s stock, valued at $35,600,001. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders have sold 622,508 shares of company stock worth $6,973,404. Insiders own 14.65% of the company’s stock.

Institutional Trading of MediaAlpha

Several institutional investors have recently modified their holdings of MAX. Caitong International Asset Management Co. Ltd increased its position in shares of MediaAlpha by 5,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after purchasing an additional 2,124 shares during the period. Rockefeller Capital Management L.P. lifted its position in MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after purchasing an additional 2,777 shares during the period. Strs Ohio acquired a new stake in MediaAlpha during the fourth quarter worth $49,000. Quarry LP boosted its stake in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after buying an additional 1,234 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after buying an additional 1,213 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Stock Performance

NYSE MAX opened at $14.10 on Monday. MediaAlpha has a twelve month low of $7.09 and a twelve month high of $14.70. The stock has a market capitalization of $879.01 million, a PE ratio of 22.03 and a beta of 1.08. The stock has a 50-day simple moving average of $10.52 and a 200 day simple moving average of $10.09.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, April 29th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $298.91 million. MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. MediaAlpha’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) EPS. As a group, equities research analysts forecast that MediaAlpha will post 0.97 EPS for the current fiscal year.

MediaAlpha Company Profile

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.