Universal Beteiligungs und Servicegesellschaft mbH Takes $155,000 Position in MediaAlpha, Inc. (NYSE:MAX)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of MediaAlpha, Inc. (NYSE:MAX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,749 shares of the company’s stock, valued at approximately $155,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MAX. Covestor Ltd boosted its stake in MediaAlpha by 44.1% in the fourth quarter. Covestor Ltd now owns 2,766 shares of the company’s stock valued at $31,000 after acquiring an additional 847 shares during the last quarter. GAMMA Investing LLC increased its holdings in MediaAlpha by 8,775.8% during the 1st quarter. GAMMA Investing LLC now owns 2,929 shares of the company’s stock worth $27,000 after acquiring an additional 2,896 shares during the period. Virtus Fund Advisers LLC bought a new position in shares of MediaAlpha in the 4th quarter worth $35,000. Quarry LP increased its holdings in shares of MediaAlpha by 107.1% in 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 last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of MediaAlpha in the 4th quarter valued at $67,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

MediaAlpha Price Performance

Shares of NYSE:MAX opened at $10.15 on Wednesday. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $20.91. The company has a market capitalization of $680.35 million, a P/E ratio of 36.25 and a beta of 1.19. The firm’s 50 day simple moving average is $10.56 and its two-hundred day simple moving average is $10.10.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MAX. JPMorgan Chase & Co. increased their price target on shares of MediaAlpha from $10.00 to $12.00 and gave the company an “overweight” rating in a research report 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 for the company in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods reduced their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of MediaAlpha from $14.00 to $12.50 and set a “buy” rating for the company in a research note on Monday, April 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $17.92.

MediaAlpha Company 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.