$0.02 Earnings Per Share Expected for MediaAlpha, Inc. (NYSE:MAX) This Quarter

Equities analysts expect MediaAlpha, Inc. (NYSE:MAX) to report $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for MediaAlpha’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.01. The business is scheduled to report its next quarterly earnings report on Thursday, August 12th.

According to Zacks, analysts expect that MediaAlpha will report full-year earnings of $0.10 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.11. For the next fiscal year, analysts forecast that the business will report earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.38. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover MediaAlpha.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Thursday, May 13th. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01.

A number of equities analysts recently issued reports on MAX shares. JPMorgan Chase & Co. raised MediaAlpha from a “neutral” rating to an “overweight” rating and set a $50.00 price target for the company in a report on Friday, April 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised MediaAlpha from a “neutral” rating to a “buy” rating and lowered their price target for the company from $62.00 to $45.00 in a report on Tuesday, May 18th. Citigroup raised MediaAlpha from a “neutral” rating to a “buy” rating in a report on Tuesday, May 18th. Royal Bank of Canada boosted their price objective on MediaAlpha from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, March 12th. Finally, Keefe, Bruyette & Woods initiated coverage on MediaAlpha in a research note on Tuesday. They issued an “outperform” rating and a $53.00 price objective for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. MediaAlpha presently has a consensus rating of “Buy” and an average target price of $51.86.

Shares of MAX opened at $42.17 on Tuesday. The company has a 50 day simple moving average of $39.28. The firm has a market capitalization of $2.52 billion and a P/E ratio of -301.21. MediaAlpha has a 52-week low of $21.62 and a 52-week high of $70.33.

In other news, insider Steven Yi sold 841,868 shares of the company’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $44.62, for a total transaction of $37,564,150.16. Following the completion of the sale, the insider now owns 75,330 shares in the company, valued at $3,361,224.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Insignia Capital Partners Gp, sold 1,860,713 shares of the company’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $46.00, for a total value of $85,592,798.00. The disclosure for this sale can be found here. Insiders have sold 2,825,084 shares of company stock valued at $128,316,522 in the last 90 days.

Institutional investors have recently added to or reduced their stakes in the company. Premier Fund Managers Ltd purchased a new position in MediaAlpha in the fourth quarter worth $39,000. Elkhorn Partners Limited Partnership purchased a new position in MediaAlpha in the first quarter worth $43,000. Royal Bank of Canada raised its position in MediaAlpha by 339.5% in the first quarter. Royal Bank of Canada now owns 1,569 shares of the company’s stock worth $56,000 after acquiring an additional 1,212 shares in the last quarter. Citigroup Inc. purchased a new position in MediaAlpha in the fourth quarter worth $79,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in MediaAlpha in the first quarter worth $212,000. Institutional investors and hedge funds own 61.41% of the company’s stock.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates insurance customer acquisition platform in the United States. Its real-time customer acquisition and predictive analytics platform allows insurance carriers, distributors, and other clients to acquire customers and optimize customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance.

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