MediaAlpha, Inc. (NYSE:MAX) Receives $18.17 Average PT from Analysts

MediaAlpha, Inc. (NYSE:MAX) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.1667.

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 15th. Wall Street Zen lowered MediaAlpha from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods increased their price objective on MediaAlpha from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MediaAlpha in a report on Wednesday, October 8th.

Insider Transactions at MediaAlpha

In related news, Director Kathy P. Vrabeck bought 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $9.60 per share, with a total value of $297,600.00. Following the completion of the acquisition, the director directly owned 129,657 shares in the company, valued at approximately $1,244,707.20. The trade was a 31.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Keith Cramer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $9.73, for a total value of $194,600.00. Following the sale, the executive directly owned 167,200 shares in the company, valued at approximately $1,626,856. This trade represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,669 shares of company stock worth $297,873 over the last three months. Corporate insiders own 13.44% of the company’s stock.

Institutional Trading of MediaAlpha

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC grew its holdings in MediaAlpha by 6.4% in the second quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock valued at $203,000 after purchasing an additional 1,105 shares during the period. Hsbc Holdings PLC grew its holdings in MediaAlpha by 2.3% in the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock valued at $561,000 after purchasing an additional 1,144 shares during the period. Tower Research Capital LLC TRC grew its holdings in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the period. Corton Capital Inc. grew its holdings in MediaAlpha by 8.2% in the second quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after purchasing an additional 1,425 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in MediaAlpha by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company’s stock valued at $140,000 after purchasing an additional 1,510 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.

MediaAlpha Price Performance

Shares of NYSE:MAX opened at $11.16 on Friday. The business’s 50-day moving average is $11.40 and its 200 day moving average is $10.43. MediaAlpha has a 1 year low of $7.33 and a 1 year high of $20.91. The firm has a market capitalization of $758.21 million, a P/E ratio of -92.99 and a beta of 1.20.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. MediaAlpha had a negative return on equity of 62.53% and a negative net margin of 0.61%.The company had revenue of $251.62 million for the quarter, compared to analyst estimates of $248.80 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. On average, analysts expect that MediaAlpha will post 0.48 EPS for the current year.

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.