MediaAlpha (MAX) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MediaAlpha in the last twelve months. There are currently 1 sell rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MAX shares.
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6 equities research analysts have issued 12 month price objectives for MediaAlpha's stock. Their MAX share price targets range from $8.00 to $28.00. On average, they expect the company's stock price to reach $18.20 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
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MediaAlpha's stock was trading at $11.15 at the start of the year. Since then, MAX stock has increased by 70.4% and is now trading at $19.00.
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MediaAlpha saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 547,400 shares, a drop of 20.9% from the February 29th total of 692,300 shares. Based on an average daily volume of 244,100 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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MediaAlpha will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

MediaAlpha, Inc. (NYSE:MAX) issued its quarterly earnings data on Tuesday, February, 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.16. The firm earned $117.17 million during the quarter, compared to analysts' expectations of $111.36 million.

MediaAlpha issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $105.0 million-$115.0 million, compared to the consensus revenue estimate of $113.1 million.

MediaAlpha (MAX) raised $177 million in an initial public offering (IPO) on Wednesday, October 28th 2020. The company issued 9,300,000 shares at a price of $18.00-$20.00 per share. J.P. Morgan, Citigroup, Credit Suisse, RBC Capital Markets, Canaccord Genuity and William Blair acted as the underwriters for the IPO and MUFG was co-manager.

MediaAlpha's stock is owned by many different institutional and retail investors. Top institutional shareholders include Norden Group LLC (0.40%), Azzad Asset Management Inc. ADV (0.09%), Los Angeles Capital Management LLC (0.04%) and Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Ambrose Wang, Brian Mikalis, Eugene Nonko, Insignia Capital Partners Gp,, Jeff Sweetser, Keith Cramer, Kuanling Amy Yeh, Mountains Insurance Grou White, Pamela Thomas-Graham, Patrick Ryan Thompson, Robert Perine, Serge Topjian, Spruce House Partnership Llc, Steven Yi and Tigran Sinanyan.
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Shares of MAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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