MediaAlpha (NYSE:MAX) Price Target Raised to $15.00

MediaAlpha (NYSE:MAX) had its target price upped by JPMorgan Chase & Co. from $14.00 to $15.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

MAX has been the topic of several other research reports. Canaccord Genuity Group restated a “buy” rating and set a $15.00 price target on shares of MediaAlpha in a report on Thursday. Keefe, Bruyette & Woods upped their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday. Wall Street Zen downgraded MediaAlpha from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. The Goldman Sachs Group downgraded MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of MediaAlpha in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.25.

MediaAlpha Price Performance

Shares of NYSE MAX opened at $12.76 on Thursday. The stock’s 50-day moving average is $11.60 and its two-hundred day moving average is $10.66. MediaAlpha has a 1-year low of $7.33 and a 1-year high of $20.72. The company has a market cap of $866.57 million, a price-to-earnings ratio of -425.02 and a beta of 1.20.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The company had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. During the same quarter in the prior year, the business earned $0.17 EPS. MediaAlpha’s revenue was up 18.3% on a year-over-year basis. MediaAlpha has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction of $194,600.00. Following the sale, the executive owned 167,200 shares of the company’s stock, valued at approximately $1,626,856. This trade represents a 10.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathy P. Vrabeck bought 31,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $9.60 per share, for a total transaction of $297,600.00. Following the transaction, the director directly owned 129,657 shares in the company, valued at approximately $1,244,707.20. This represents a 31.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 29,669 shares of company stock worth $297,873 in the last three months. Corporate insiders own 13.44% of the company’s stock.

Institutional Investors Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in MediaAlpha by 54.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 42,298 shares of the company’s stock worth $381,000 after buying an additional 14,871 shares during the period. AQR Capital Management LLC boosted its position in shares of MediaAlpha by 18.1% in the first quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock worth $5,154,000 after buying an additional 85,581 shares during the period. Hsbc Holdings PLC boosted its position in shares of MediaAlpha by 21.7% in the first quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock worth $472,000 after buying an additional 8,981 shares during the period. Nuveen LLC purchased a new stake in shares of MediaAlpha in the first quarter worth about $4,675,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of MediaAlpha in the second quarter worth about $895,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.