D. E. Shaw & Co. Inc. Sells 102,360 Shares of MediaAlpha, Inc. (NYSE:MAX)

D. E. Shaw & Co. Inc. lowered its stake in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 21.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 378,211 shares of the company's stock after selling 102,360 shares during the period. D. E. Shaw & Co. Inc. owned 0.57% of MediaAlpha worth $4,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. grew its stake in shares of MediaAlpha by 0.4% in the 4th 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 last quarter. Covestor Ltd grew its stake in shares of MediaAlpha by 44.1% in the 4th quarter. Covestor Ltd now owns 2,766 shares of the company's stock worth $31,000 after buying an additional 847 shares during the last quarter. Earnest Partners LLC grew its stake in shares of MediaAlpha by 0.4% in the 4th 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 last quarter. Rhumbline Advisers grew its stake in shares of MediaAlpha by 4.3% in the 4th 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 last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of MediaAlpha by 14.0% in the 4th 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 last quarter. Hedge funds and other institutional investors own 64.39% of the company's stock.

Analysts Set New Price Targets

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

MediaAlpha Trading Down 1.2%

MAX stock traded down $0.13 during midday trading on Friday, hitting $10.04. The company's stock had a trading volume of 311,499 shares, compared to its average volume of 634,833. The company has a market cap of $672.65 million, a PE ratio of 59.03 and a beta of 1.12. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $20.91. The firm's 50-day moving average is $9.06 and its 200-day moving average is $10.51.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $264.31 million during the quarter, compared to the consensus estimate of $236.07 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The business's revenue was up 108.7% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. Analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

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.