Dimensional Fund Advisors LP boosted its position in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 94.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,669 shares of the company's stock after purchasing an additional 300,871 shares during the quarter. Dimensional Fund Advisors LP owned about 0.96% of MediaAlpha worth $5,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company's stock worth $28,000 after purchasing an additional 2,124 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of MediaAlpha by 9,917.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company's stock valued at $36,000 after acquiring an additional 2,777 shares in the last quarter. Strs Ohio purchased a new stake in shares of MediaAlpha in the 4th quarter valued at about $49,000. Quarry LP boosted its position in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company's stock valued at $47,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock valued at $61,000 after acquiring an additional 1,213 shares during the last quarter. 64.39% of the stock is owned by institutional investors.
MediaAlpha Price Performance
Shares of MAX opened at $13.09 on Wednesday. The firm has a market cap of $801.59 million, a P/E ratio of 8.08 and a beta of 1.11. The stock has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $10.25. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million for the quarter, compared to analysts' expectations of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. On average, equities analysts anticipate that MediaAlpha, Inc. will post 0.97 earnings per share for the current year.
Insider Buying and Selling at MediaAlpha
In other MediaAlpha news, insider Steven Yi sold 72,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $12.64, for a total transaction of $910,080.00. Following the completion of the sale, the insider directly owned 2,387,690 shares in the company, valued at $30,180,401.60. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Eugene Nonko sold 2,667 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $12.50, for a total value of $33,337.50. Following the transaction, the director directly owned 854,913 shares in the company, valued at $10,686,412.50. This trade represents a 0.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 526,752 shares of company stock valued at $6,479,834 over the last three months. 14.65% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MAX. The Goldman Sachs Group upped their price objective on shares of MediaAlpha from $10.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of MediaAlpha from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 1st. Capital One Financial set a $11.00 price target on shares of MediaAlpha in a report on Tuesday, June 9th. Zacks Research cut shares of MediaAlpha from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 19th. Finally, Canaccord Genuity Group lifted their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.86.
Read Our Latest Research Report on MediaAlpha
MediaAlpha Profile
(
Free Report)
MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company's platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.
The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.
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