MediaAlpha, Inc. (NYSE:MAX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of MediaAlpha, Inc. (NYSE:MAX) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.5833.

A number of analysts have commented on the company. Zacks Research raised MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. JPMorgan Chase & Co. cut their target price on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. The Goldman Sachs Group decreased their price target on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods lowered their price target on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th.

MediaAlpha Price Performance

Shares of NYSE MAX opened at $9.66 on Tuesday. The stock has a market capitalization of $622.94 million, a P/E ratio of 24.76 and a beta of 1.30. The company has a 50-day moving average price of $9.82 and a 200-day moving average price of $11.38. MediaAlpha has a 1 year low of $7.09 and a 1 year high of $13.92.

MediaAlpha (NYSE:MAX) last posted its earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.25. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The company had revenue of $291.16 million for the quarter, compared to analyst estimates of $296.42 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at MediaAlpha

In other news, insider Steven Yi sold 4,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $9.75, for a total value of $39,000.00. Following the completion of the sale, the insider owned 2,623,974 shares in the company, valued at $25,583,746.50. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Kuanling Amy Yeh sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $10.34, for a total transaction of $31,020.00. Following the transaction, the chief technology officer directly owned 393,979 shares in the company, valued at $4,073,742.86. The trade was a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 570,357 shares of company stock worth $6,107,120 in the last quarter. 11.53% of the stock is currently owned by corporate insiders.

Institutional Trading of MediaAlpha

Institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC boosted its position in MediaAlpha by 6.4% in the second quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after purchasing an additional 1,105 shares during the last quarter. Hsbc Holdings PLC grew its stake in MediaAlpha by 2.3% in the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock valued at $561,000 after purchasing an additional 1,144 shares during the period. Tower Research Capital LLC TRC increased its position in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the last quarter. Quarry LP raised its stake in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of MediaAlpha by 13.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company’s stock worth $140,000 after purchasing an additional 1,510 shares during the period. 64.39% of the stock is owned by hedge funds and other institutional investors.

MediaAlpha Company Profile

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.