Deutsche Bank AG Trims Stock Position in MediaAlpha, Inc. (NYSE:MAX)

Deutsche Bank AG trimmed its holdings in MediaAlpha, Inc. (NYSE:MAX) by 76.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 100,071 shares of the company’s stock after selling 318,525 shares during the period. Deutsche Bank AG owned approximately 0.15% of MediaAlpha worth $1,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company’s stock worth $31,000 after purchasing an additional 847 shares in the last quarter. Quarry LP increased its stake in MediaAlpha by 107.1% during the 4th quarter. Quarry LP now owns 5,841 shares of the company’s stock worth $66,000 after buying an additional 3,021 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in MediaAlpha during the 4th quarter worth approximately $67,000. Walleye Capital LLC purchased a new position in MediaAlpha in the 4th quarter valued at approximately $132,000. Finally, Tower Research Capital LLC TRC boosted its position in MediaAlpha by 173.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,462 shares of the company’s stock valued at $163,000 after buying an additional 9,169 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Stock Down 1.2%

Shares of NYSE MAX opened at $10.04 on Monday. The stock’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $10.49. MediaAlpha, Inc. has a 52-week low of $7.33 and a 52-week high of $20.91. The stock has a market capitalization of $672.65 million, a P/E ratio of 59.03 and a beta of 1.12.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on MAX shares. Keefe, Bruyette & Woods lowered their price objective on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Canaccord Genuity Group dropped their price target on shares of MediaAlpha from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets reduced their price objective on shares of MediaAlpha from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. upped their target price on shares of MediaAlpha from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada cut 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.

MediaAlpha Profile

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.