MediaAlpha’s (MAX) Neutral Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their neutral rating on shares of MediaAlpha (NYSE:MAX) in a report released on Thursday morning, Marketbeat reports.

A number of other research firms also recently commented on MAX. Keefe, Bruyette & Woods raised their price objective on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research note on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of MediaAlpha in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wall Street Zen cut MediaAlpha from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

MediaAlpha Price Performance

MediaAlpha stock opened at $12.76 on Thursday. The stock’s 50-day moving average is $11.60 and its 200-day moving average is $10.66. The company has a market cap of $866.57 million, a price-to-earnings ratio of -425.02 and a beta of 1.20. MediaAlpha has a 12 month low of $7.33 and a 12 month high of $20.72.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. MediaAlpha has set its Q4 2025 guidance at EPS. Research analysts anticipate that MediaAlpha will post 0.48 EPS for the current year.

Insiders Place Their Bets

In related news, CRO Keith Cramer sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $9.73, for a total transaction of $194,600.00. Following the transaction, the executive directly owned 167,200 shares of the company’s stock, valued at approximately $1,626,856. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathy P. Vrabeck purchased 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $9.60 per share, for a total transaction of $297,600.00. Following the completion of the transaction, the director directly owned 129,657 shares of the company’s stock, valued at $1,244,707.20. This trade represents a 31.42% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 29,669 shares of company stock valued at $297,873 in the last quarter. 13.44% of the stock is currently owned by corporate insiders.

Institutional Trading of MediaAlpha

Large investors have recently made changes to their positions in the stock. Broad Bay Capital Management LP grew its holdings in MediaAlpha by 23.8% in the 1st quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company’s stock valued at $25,389,000 after buying an additional 529,093 shares during the last quarter. Clearline Capital LP grew its holdings in MediaAlpha by 123.4% in the 1st quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock valued at $24,531,000 after buying an additional 1,466,760 shares during the last quarter. Geode Capital Management LLC grew its holdings in MediaAlpha by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 764,702 shares of the company’s stock valued at $8,375,000 after buying an additional 36,949 shares during the last quarter. Shay Capital LLC grew its holdings in MediaAlpha by 17.2% in the 2nd quarter. Shay Capital LLC now owns 670,000 shares of the company’s stock valued at $7,336,000 after buying an additional 98,159 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in MediaAlpha by 7.9% in the 2nd quarter. AQR Capital Management LLC now owns 601,593 shares of the company’s stock valued at $6,587,000 after buying an additional 43,797 shares during the last quarter. 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.