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

MediaAlpha, Inc. (NYSE:MAX) has earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.50.

MAX has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 target price on shares of MediaAlpha in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of MediaAlpha from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Canaccord Genuity Group decreased their price objective on shares of MediaAlpha from $30.00 to $26.00 and set a “buy” rating for the company in a report on Monday, February 24th. Keefe, Bruyette & Woods cut their target price on shares of MediaAlpha from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group reduced their price target on shares of MediaAlpha from $23.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th.

MediaAlpha Price Performance

MediaAlpha stock opened at $9.25 on Tuesday. The firm’s fifty day moving average price is $10.59 and its 200 day moving average price is $12.99. The company has a market capitalization of $620.03 million, a price-to-earnings ratio of 54.41 and a beta of 1.15. MediaAlpha has a 12-month low of $8.21 and a 12-month high of $25.78.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). The business had revenue of $300.65 million during the quarter, compared to analyst estimates of $289.38 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. Analysts forecast that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MAX. Covestor Ltd raised its holdings in shares of MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company’s stock valued at $31,000 after buying an additional 847 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in MediaAlpha in the 4th quarter valued at approximately $35,000. Quarry LP raised its stake in MediaAlpha by 157.8% during the 3rd quarter. Quarry LP now owns 2,820 shares of the company’s stock valued at $51,000 after acquiring an additional 1,726 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in MediaAlpha during the 4th quarter worth $67,000. Finally, Walleye Capital LLC bought a new position in shares of MediaAlpha in the fourth quarter worth $132,000. 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.