MediaAlpha (NYSE:MAX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MediaAlpha (NYSE:MAX) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

MAX has been the topic of several other reports. JPMorgan Chase & Co. lowered their price target on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. The Goldman Sachs Group lowered their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Weiss Ratings raised shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Royal Bank Of Canada decreased their target price on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.70.

MediaAlpha Stock Up 2.7%

MediaAlpha stock opened at $9.30 on Friday. The stock has a market cap of $599.59 million, a P/E ratio of 23.84 and a beta of 1.39. MediaAlpha has a twelve month low of $7.09 and a twelve month high of $13.92. The company’s 50-day moving average price is $9.14 and its two-hundred day moving average price is $10.98.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.25. The firm had revenue of $291.16 million for the quarter, compared to analysts’ expectations of $296.42 million. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Equities analysts anticipate that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at MediaAlpha

In other MediaAlpha news, CTO Kuanling Amy Yeh sold 12,000 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7.31, for a total transaction of $87,720.00. Following the transaction, the chief technology officer owned 381,662 shares in the company, valued at $2,789,949.22. This represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eugene Nonko sold 59,202 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $10.01, for a total transaction of $592,612.02. Following the transaction, the director owned 1,395,320 shares in the company, valued at approximately $13,967,153.20. The trade was a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 464,989 shares of company stock worth $4,639,573. 14.65% of the stock is currently owned by company insiders.

Institutional Trading of MediaAlpha

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of MediaAlpha by 5,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after acquiring an additional 2,124 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of MediaAlpha by 9,917.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after acquiring an additional 2,777 shares during the period. Strs Ohio bought a new stake in shares of MediaAlpha during the 4th quarter worth approximately $49,000. Quarry LP lifted its holdings in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after acquiring an additional 1,234 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after acquiring an additional 1,213 shares during the period. Institutional investors own 64.39% of the company’s stock.

About MediaAlpha

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.