Fox Run Management L.L.C. Sells 20,031 Shares of MediaAlpha, Inc. $MAX

Fox Run Management L.L.C. cut its position in shares of MediaAlpha, Inc. (NYSE:MAX) by 42.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,238 shares of the company’s stock after selling 20,031 shares during the quarter. Fox Run Management L.L.C.’s holdings in MediaAlpha were worth $298,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MAX. Broad Bay Capital Management LP grew its holdings in shares of MediaAlpha by 23.8% during the 1st quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company’s stock worth $25,389,000 after purchasing an additional 529,093 shares in the last quarter. Clearline Capital LP lifted its position in MediaAlpha by 123.4% in the first quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock worth $24,531,000 after purchasing an additional 1,466,760 shares during the period. AQR Capital Management LLC boosted its stake in MediaAlpha by 18.1% during the first quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock worth $5,154,000 after buying an additional 85,581 shares in the last quarter. Nuveen LLC bought a new stake in MediaAlpha in the 1st quarter valued at $4,675,000. Finally, Earnest Partners LLC raised its stake in shares of MediaAlpha by 12.8% in the 1st quarter. Earnest Partners LLC now owns 272,433 shares of the company’s stock valued at $2,517,000 after buying an additional 30,874 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Price Performance

MAX stock opened at $12.78 on Friday. The business has a fifty day moving average price of $12.03 and a 200 day moving average price of $10.96. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.85. The stock has a market capitalization of $832.68 million, a price-to-earnings ratio of -425.76 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MAX shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of MediaAlpha in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $13.50 price objective on MediaAlpha in a report on Friday, October 31st. Keefe, Bruyette & Woods upped their price objective on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

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.