MediaAlpha (MAX) to Release Quarterly Earnings on Thursday

MediaAlpha (NYSE:MAX – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. MediaAlpha has set its Q1 2022 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

MediaAlpha (NYSE:MAX – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The business had revenue of $161.58 million for the quarter, compared to analysts’ expectations of $155.88 million. On average, analysts expect MediaAlpha to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of MAX stock opened at $14.70 on Thursday. MediaAlpha has a 1 year low of $10.22 and a 1 year high of $47.00. The firm’s fifty day moving average price is $14.77 and its two-hundred day moving average price is $15.27. The firm has a market capitalization of $895.98 million, a P/E ratio of -70.00 and a beta of 0.49.

MAX has been the topic of several recent research reports. Citigroup lowered shares of MediaAlpha from a “buy” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $14.00 in a research note on Wednesday, February 23rd. Canaccord Genuity Group lowered their price objective on shares of MediaAlpha from $30.00 to $20.00 in a research note on Friday, February 25th. Royal Bank of Canada lowered their price objective on shares of MediaAlpha from $24.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, March 10th. Finally, Zacks Investment Research lowered shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.44.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of MediaAlpha by 0.9% during the 4th quarter. BlackRock Inc. now owns 1,388,842 shares of the company’s stock worth $21,443,000 after buying an additional 12,882 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of MediaAlpha by 101.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 69,329 shares of the company’s stock worth $1,070,000 after buying an additional 34,868 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of MediaAlpha by 9.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,845 shares of the company’s stock worth $183,000 after buying an additional 1,062 shares during the period. California State Teachers Retirement System boosted its holdings in shares of MediaAlpha by 4.8% during the 4th quarter. California State Teachers Retirement System now owns 24,871 shares of the company’s stock worth $384,000 after buying an additional 1,139 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of MediaAlpha by 10.8% during the 4th quarter. Parametric Portfolio Associates LLC now owns 38,836 shares of the company’s stock worth $600,000 after buying an additional 3,773 shares during the period. 62.73% of the stock is owned by institutional investors and hedge funds.

About MediaAlpha (Get Rating)

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.

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