MediaAlpha, Inc. (NYSE:MAX) Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in MediaAlpha, Inc. (NYSE:MAX) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,428 shares of the company’s stock after acquiring an additional 5,708 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.11% of MediaAlpha worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAX. Point72 DIFC Ltd bought a new stake in shares of MediaAlpha in the 2nd quarter worth approximately $65,000. Sandia Investment Management LP acquired a new position in MediaAlpha in the second quarter worth approximately $79,000. nVerses Capital LLC bought a new position in shares of MediaAlpha in the third quarter valued at $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MediaAlpha by 354.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,624 shares of the company’s stock valued at $114,000 after acquiring an additional 6,728 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of MediaAlpha during the 2nd quarter worth $134,000. 64.39% of the stock is owned by institutional investors and hedge funds.

MediaAlpha Trading Up 1.7 %

Shares of NYSE MAX opened at $11.55 on Wednesday. MediaAlpha, Inc. has a one year low of $10.21 and a one year high of $25.78. The business has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $15.57. The firm has a market capitalization of $769.97 million, a PE ratio of 67.94 and a beta of 1.10.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $259.13 million for the quarter, compared to the consensus estimate of $246.96 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. Research analysts anticipate that MediaAlpha, Inc. will post 0.42 EPS for the current year.

Insider Activity at MediaAlpha

In other MediaAlpha news, insider Eugene Nonko sold 72,000 shares of MediaAlpha stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total value of $1,488,240.00. Following the completion of the sale, the insider now directly owns 1,550,990 shares in the company, valued at $32,058,963.30. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.53% of the company’s stock.

Analysts Set New Price Targets

MAX has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on MediaAlpha from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods cut their price objective on MediaAlpha from $26.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group upped their price objective on shares of MediaAlpha from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.14.

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.