MediaAlpha, Inc. (NYSE:MAX) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 21.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 155,458 shares of the company's stock after selling 41,207 shares during the period. Squarepoint Ops LLC owned 0.23% of MediaAlpha worth $1,755,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Two Sigma Advisers LP grew its stake in shares of MediaAlpha by 9.4% during the 4th quarter. Two Sigma Advisers LP now owns 118,400 shares of the company's stock valued at $1,337,000 after buying an additional 10,200 shares during the period. Shay Capital LLC grew its stake in shares of MediaAlpha by 127.2% during the 4th quarter. Shay Capital LLC now owns 447,500 shares of the company's stock valued at $5,052,000 after buying an additional 250,500 shares during the period. Sherbrooke Park Advisers LLC grew its stake in shares of MediaAlpha by 17.6% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 42,843 shares of the company's stock valued at $484,000 after buying an additional 6,398 shares during the period. Man Group plc grew its stake in shares of MediaAlpha by 30.0% during the 4th quarter. Man Group plc now owns 18,165 shares of the company's stock valued at $205,000 after buying an additional 4,187 shares during the period. Finally, Millennium Management LLC grew its stake in shares of MediaAlpha by 91.0% during the 4th quarter. Millennium Management LLC now owns 781,349 shares of the company's stock valued at $8,821,000 after buying an additional 372,305 shares during the period. 64.39% of the stock is owned by hedge funds and other institutional investors.

MediaAlpha Trading Up 1.7%

MAX stock traded up $0.18 during trading on Tuesday, reaching $10.53. The stock had a trading volume of 264,149 shares, compared to its average volume of 622,437. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $20.91. The company has a market capitalization of $705.76 million, a P/E ratio of 61.94 and a beta of 1.12. The firm has a fifty day moving average price of $9.13 and a 200 day moving average price of $10.41.

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 analysts' consensus estimates of $0.17 by ($0.02). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The firm 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 firm earned ($0.02) EPS. The business's quarterly revenue was up 108.7% compared to the same quarter last year. Sell-side analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

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