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

Shares of MediaAlpha, Inc. (NYSE:MAX) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.8571.

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group increased their price objective on MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Capital One Financial set a $11.00 price objective on MediaAlpha in a report on Tuesday, June 9th. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada boosted their target price on MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th.

MediaAlpha Stock Up 3.7%

Shares of NYSE MAX opened at $13.15 on Friday. MediaAlpha has a twelve month low of $7.09 and a twelve month high of $14.70. The firm has a market cap of $805.81 million, a P/E ratio of 8.12 and a beta of 1.11. The company has a 50 day moving average of $12.52 and a 200 day moving average of $10.33.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The business had revenue of $316.88 million for the quarter, compared to analysts’ expectations of $300.87 million. As a group, equities analysts expect that MediaAlpha will post 0.97 earnings per share for the current fiscal year.

Insider Transactions at MediaAlpha

In other news, Director Eugene Nonko sold 3,282 shares of MediaAlpha stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $12.89, for a total value of $42,304.98. Following the completion of the sale, the director directly owned 842,400 shares in the company, valued at $10,858,536. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Keith Cramer sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $12.76, for a total transaction of $165,880.00. Following the transaction, the executive directly owned 264,303 shares of the company’s stock, valued at $3,372,506.28. The trade was a 4.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 544,726 shares of company stock worth $6,868,722 over the last three months. 14.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MediaAlpha

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in MediaAlpha by 680.9% in the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after purchasing an additional 1,246,493 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of MediaAlpha by 1,261.9% during the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock valued at $8,089,000 after purchasing an additional 658,625 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of MediaAlpha during the 2nd quarter valued at about $4,268,000. Lighthouse Investment Partners LLC increased its position in shares of MediaAlpha by 831.7% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company’s stock valued at $4,028,000 after purchasing an additional 315,943 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of MediaAlpha by 29.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock worth $17,714,000 after purchasing an additional 309,455 shares during the period. 64.39% of the stock is currently 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.