Deutsche Bank AG Decreases Stake in MediaAlpha, Inc. (NYSE:MAX)

Deutsche Bank AG lowered its stake in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,071 shares of the company's stock after selling 318,525 shares during the period. Deutsche Bank AG owned 0.15% of MediaAlpha worth $1,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. TimesSquare Capital Management LLC grew its stake in shares of MediaAlpha by 77.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock worth $18,389,000 after buying an additional 712,410 shares during the last quarter. AQR Capital Management LLC boosted 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 worth $5,331,000 after buying an additional 401,807 shares during the last quarter. CenterBook Partners LP boosted its position in MediaAlpha by 485.7% in the fourth quarter. CenterBook Partners LP now owns 471,864 shares of the company's stock worth $5,327,000 after purchasing an additional 391,298 shares during the last quarter. Norges Bank bought a new stake in MediaAlpha during the fourth quarter valued at approximately $3,183,000. Finally, Renaissance Technologies LLC increased its stake in shares of MediaAlpha by 87.7% in the 4th quarter. Renaissance Technologies LLC now owns 539,300 shares of the company's stock worth $6,089,000 after purchasing an additional 252,000 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company's stock.

MediaAlpha Trading Down 0.0%

Shares of MAX traded down $0.01 during midday trading on Friday, reaching $10.51. 12,800 shares of the stock were exchanged, compared to its average volume of 626,218. The company has a market capitalization of $704.15 million, a P/E ratio of 61.79 and a beta of 1.12. The company's 50 day moving average is $9.11 and its two-hundred day moving average is $10.46. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $236.07 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company's revenue was up 108.7% on a year-over-year basis. On average, sell-side analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group reduced their price objective on MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. increased their price target on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their price target on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their price objective on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $17.21.

MediaAlpha 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.