TimesSquare Capital Management LLC Sells 256,641 Shares of MediaAlpha, Inc. (NYSE:MAX)

TimesSquare Capital Management LLC decreased its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 15.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,372,174 shares of the company's stock after selling 256,641 shares during the period. TimesSquare Capital Management LLC owned 2.05% of MediaAlpha worth $12,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in MediaAlpha by 8,775.8% in the first quarter. GAMMA Investing LLC now owns 2,929 shares of the company's stock worth $27,000 after purchasing an additional 2,896 shares during the last quarter. Covestor Ltd increased its position in MediaAlpha by 44.1% in the fourth quarter. Covestor Ltd now owns 2,766 shares of the company's stock worth $31,000 after purchasing an additional 847 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in MediaAlpha in the fourth quarter worth $35,000. Quarry LP increased its position in MediaAlpha by 107.1% in 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 last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in MediaAlpha in the fourth quarter worth $67,000. Institutional investors own 64.39% of the company's stock.

MediaAlpha Trading Up 1.0%

NYSE MAX opened at $10.44 on Tuesday. The company's 50-day moving average price is $10.51 and its 200-day moving average price is $10.19. The stock has a market cap of $699.99 million, a PE ratio of 37.30 and a beta of 1.20. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The company had revenue of $264.31 million during the quarter, compared to the consensus estimate of $236.07 million. MediaAlpha had a negative return on equity of 46.92% and a net margin of 1.58%. The company's revenue for the quarter was up 108.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) earnings per share. As a group, sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MAX. Royal Bank Of Canada reduced their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets cut their price objective on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods cut their price objective 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $17.92.

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.

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