TimesSquare Capital Management LLC Lowers Stake in MediaAlpha, Inc. (NYSE:MAX)

TimesSquare Capital Management LLC cut its holdings in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 15.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,372,174 shares of the company's stock after selling 256,641 shares during the quarter. TimesSquare Capital Management LLC owned 2.05% of MediaAlpha worth $12,679,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of MediaAlpha by 8,775.8% in the 1st quarter. GAMMA Investing LLC now owns 2,929 shares of the company's stock worth $27,000 after buying an additional 2,896 shares in the last quarter. Covestor Ltd boosted its position 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 in the last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of MediaAlpha in the 4th quarter worth about $35,000. Quarry LP raised its holdings in shares of MediaAlpha by 107.1% in the fourth quarter. Quarry LP now owns 5,841 shares of the company's stock worth $66,000 after acquiring an additional 3,021 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of MediaAlpha in the fourth quarter worth $67,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

MediaAlpha Stock Performance

MediaAlpha stock traded down $0.11 during trading on Friday, hitting $10.35. The company's stock had a trading volume of 140,154 shares, compared to its average volume of 558,691. The stock has a market capitalization of $693.76 million, a price-to-earnings ratio of 36.98 and a beta of 1.20. The stock's fifty day moving average is $10.54 and its 200 day moving average is $10.19. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last released its 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). The business had revenue of $264.31 million during the quarter, compared to analyst estimates of $236.07 million. MediaAlpha had a net margin of 1.58% and a negative return on equity of 46.92%. The business's revenue for the quarter was up 108.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, research analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MAX. JPMorgan Chase & Co. boosted their price target on MediaAlpha from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Royal Bank Of Canada cut their price target on MediaAlpha from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Keefe, Bruyette & Woods cut their price target on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets cut their price target on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group cut their price target on MediaAlpha from $14.00 to $12.50 and set a "buy" rating for the company in a report on Monday, April 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $17.92.

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.