MediaAlpha, Inc. (NYSE:MAX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of MediaAlpha, Inc. (NYSE:MAX) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.25.

MAX has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of MediaAlpha in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a report on Thursday, October 30th. Keefe, Bruyette & Woods lifted their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a research note on Friday, October 31st.

MediaAlpha Trading Up 2.4%

NYSE:MAX opened at $13.26 on Wednesday. The company has a 50-day moving average of $11.97 and a 200-day moving average of $10.93. The firm has a market cap of $864.41 million, a price-to-earnings ratio of -441.99 and a beta of 1.21. MediaAlpha has a twelve month low of $7.33 and a twelve month high of $13.85.

MediaAlpha (NYSE:MAX) last released its earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $306.51 million during the quarter, compared to analyst estimates of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 earnings per share. MediaAlpha has set its Q4 2025 guidance at EPS. On average, research analysts forecast that MediaAlpha will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On MediaAlpha

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in MediaAlpha by 18.1% during the 1st quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock worth $5,154,000 after acquiring an additional 85,581 shares during the period. Hsbc Holdings PLC lifted its position in shares of MediaAlpha by 21.7% in the first quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock worth $472,000 after purchasing an additional 8,981 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of MediaAlpha during the second quarter worth approximately $895,000. Nuveen LLC acquired a new stake in shares of MediaAlpha during the first quarter worth approximately $4,675,000. Finally, CWM LLC grew its position in MediaAlpha by 151.8% during the first quarter. CWM LLC now owns 16,523 shares of the company’s stock valued at $153,000 after purchasing an additional 9,962 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

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.