BNP Paribas Financial Markets Invests $323,000 in MediaAlpha, Inc. (NYSE:MAX)

BNP Paribas Financial Markets acquired a new position in MediaAlpha, Inc. (NYSE:MAX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,630 shares of the company's stock, valued at approximately $323,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its position in shares of MediaAlpha by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 208,900 shares of the company's stock worth $2,358,000 after buying an additional 800 shares during the period. Covestor Ltd boosted its position in shares of MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company's stock worth $31,000 after buying an additional 847 shares during the period. Earnest Partners LLC boosted its position in shares of MediaAlpha by 0.4% during the fourth quarter. Earnest Partners LLC now owns 241,559 shares of the company's stock worth $2,727,000 after buying an additional 1,021 shares during the period. Rhumbline Advisers boosted its position in shares of MediaAlpha by 4.3% during the fourth quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock worth $490,000 after buying an additional 1,782 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of MediaAlpha by 14.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,236 shares of the company's stock worth $229,000 after buying an additional 2,492 shares during the period. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

MediaAlpha Stock Down 2.9%

MediaAlpha stock traded down $0.30 during midday trading on Friday, reaching $10.21. The company's stock had a trading volume of 400,334 shares, compared to its average volume of 627,400. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $20.91. The company has a market cap of $684.38 million, a P/E ratio of 60.06 and a beta of 1.12. The business has a 50-day simple moving average of $9.11 and a 200-day simple moving average of $10.43.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The business had revenue of $264.31 million during the quarter, compared to analyst estimates of $236.07 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. The firm's quarterly revenue was up 108.7% on a year-over-year basis. As a group, equities analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

MAX has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Keefe, Bruyette & Woods decreased their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their target price on MediaAlpha from $14.00 to $12.50 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. lifted their target price on MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Canaccord Genuity Group decreased their target price on MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, MediaAlpha has an average rating of "Moderate Buy" and a consensus price target of $17.21.

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.