MediaAlpha, Inc. (NYSE:MAX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of MediaAlpha, Inc. (NYSE:MAX) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.21.

Several equities research analysts have issued reports on MAX shares. Keefe, Bruyette & Woods lowered their price target on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price target on shares of MediaAlpha from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Royal Bank of Canada lowered their price target on shares of MediaAlpha from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. BMO Capital Markets lowered their price target on shares of MediaAlpha from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of MediaAlpha from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Monday, April 14th.

MediaAlpha Stock Performance

MAX opened at $10.17 on Wednesday. The firm’s fifty day moving average is $9.03 and its two-hundred day moving average is $10.56. The firm has a market cap of $681.70 million, a PE ratio of 59.82 and a beta of 1.12. MediaAlpha has a twelve month low of $7.33 and a twelve month high of $20.91.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The company had revenue of $264.31 million for the quarter, compared to analyst estimates of $236.07 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The company’s revenue was up 108.7% on a year-over-year basis. Equities analysts forecast that MediaAlpha will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of MediaAlpha by 655.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company’s stock valued at $1,450,000 after acquiring an additional 69,477 shares during the period. Rhumbline Advisers boosted its holdings in shares of MediaAlpha by 4.3% during the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock worth $490,000 after buying an additional 1,782 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MediaAlpha by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company’s stock worth $40,908,000 after buying an additional 169,654 shares during the period. Virtus Investment Advisers Inc. bought a new stake in shares of MediaAlpha during the 4th quarter worth about $172,000. Finally, Blair William & Co. IL bought a new stake in shares of MediaAlpha during the 4th quarter worth about $599,000. Institutional investors own 64.39% of the company’s stock.

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.