MediaAlpha (NYSE:MAX – Get Rating) posted its earnings results on Thursday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.07), MarketWatch Earnings reports. The company had revenue of $142.60 million for the quarter, compared to analysts’ expectations of $141.20 million. During the same period in the prior year, the company posted $0.04 EPS. MediaAlpha’s revenue for the quarter was down 17.9% on a year-over-year basis.
Shares of MAX stock traded down $0.76 during trading hours on Friday, reaching $12.76. 228,954 shares of the stock were exchanged, compared to its average volume of 129,300. The business’s fifty day moving average is $15.02 and its two-hundred day moving average is $15.10. MediaAlpha has a 12-month low of $10.22 and a 12-month high of $47.00.
Several research firms recently issued reports on MAX. Canaccord Genuity Group decreased their target price on shares of MediaAlpha from $30.00 to $20.00 in a research note on Friday, February 25th. Citigroup lowered shares of MediaAlpha from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $14.00 in a report on Wednesday, February 23rd. Zacks Investment Research raised shares of MediaAlpha from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada dropped their price objective on shares of MediaAlpha from $24.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, March 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $29.44.
MediaAlpha Company Profile (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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