BNP Paribas Financial Markets Buys Shares of 28,630 MediaAlpha, Inc. (NYSE:MAX)

BNP Paribas Financial Markets bought a new position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 28,630 shares of the company's stock, valued at approximately $323,000.

Several other hedge funds have also made changes to their positions in the stock. Algert Global LLC raised its holdings in MediaAlpha by 9.0% in the 4th quarter. Algert Global LLC now owns 136,509 shares of the company's stock valued at $1,541,000 after acquiring an additional 11,238 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in MediaAlpha by 61.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 27,300 shares of the company's stock worth $308,000 after buying an additional 10,400 shares during the period. AQR Capital Management LLC raised its stake in shares of MediaAlpha by 570.7% in the 4th quarter. AQR Capital Management LLC now owns 472,215 shares of the company's stock valued at $5,331,000 after purchasing an additional 401,807 shares during the period. Northern Trust Corp grew its holdings in shares of MediaAlpha by 10.6% in the 4th quarter. Northern Trust Corp now owns 282,172 shares of the company's stock valued at $3,186,000 after acquiring an additional 26,955 shares in the last quarter. Finally, Quarry LP grew its holdings in MediaAlpha by 107.1% during the fourth quarter. Quarry LP now owns 5,841 shares of the company's stock worth $66,000 after purchasing an additional 3,021 shares during the period. Institutional investors own 64.39% of the company's stock.

MediaAlpha Stock Down 2.6%

Shares of MediaAlpha stock traded down $0.27 on Friday, reaching $10.24. The stock had a trading volume of 82,907 shares, compared to its average volume of 626,517. The company has a 50 day moving average price of $9.11 and a 200 day moving average price of $10.46. The stock has a market capitalization of $686.25 million, a P/E ratio of 60.24 and a beta of 1.12. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The company 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 company posted ($0.02) earnings per share. The business's revenue was up 108.7% compared to the same quarter last year. On average, analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAX has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Canaccord Genuity Group cut their price target on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada cut their price objective on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. BMO Capital Markets lowered their target price on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.21.

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.