Graham Capital Management L.P. Has $725,000 Stock Holdings in MediaAlpha, Inc. (NYSE:MAX)

Graham Capital Management L.P. lifted its stake in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 102.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,251 shares of the company's stock after purchasing an additional 32,584 shares during the quarter. Graham Capital Management L.P. owned 0.10% of MediaAlpha worth $725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MAX. Covestor Ltd lifted its stake in MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company's stock valued at $31,000 after buying an additional 847 shares in the last quarter. Quarry LP lifted its position in shares of MediaAlpha by 107.1% in the 4th quarter. Quarry LP now owns 5,841 shares of the company's stock valued at $66,000 after acquiring an additional 3,021 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in MediaAlpha in the 4th quarter worth approximately $67,000. Walleye Capital LLC purchased a new position in MediaAlpha during the 4th quarter worth approximately $132,000. Finally, Wells Fargo & Company MN raised its stake in MediaAlpha by 42.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,409 shares of the company's stock valued at $163,000 after purchasing an additional 4,264 shares during the period. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Price Performance

MAX opened at $10.38 on Thursday. The company has a market capitalization of $695.77 million, a PE ratio of 61.06 and a beta of 1.12. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $20.91. The business has a 50-day moving average of $8.90 and a 200-day moving average of $10.85.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $264.31 million for the quarter, compared to the consensus estimate of $236.07 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. MediaAlpha's revenue was up 108.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) EPS. On average, equities research analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. BMO Capital Markets decreased their target price on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a research report on Thursday, April 3rd. Canaccord Genuity Group decreased their price objective on MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their target price on MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Royal Bank of Canada reduced 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. Finally, The Goldman Sachs Group lowered 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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