MediaAlpha, Inc. (NYSE:MAX) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its position in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 118.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,701 shares of the company's stock after purchasing an additional 209,875 shares during the quarter. Marshall Wace LLP owned about 0.58% of MediaAlpha worth $4,377,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. grew its position in MediaAlpha by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 208,900 shares of the company's stock worth $2,358,000 after acquiring an additional 800 shares in the last quarter. Covestor Ltd grew 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 acquiring an additional 847 shares in the last quarter. Rhumbline Advisers boosted its position in shares of MediaAlpha by 4.3% during the fourth quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock valued at $490,000 after buying an additional 1,782 shares during the period. Mariner LLC boosted its position in shares of MediaAlpha by 7.1% during the fourth quarter. Mariner LLC now owns 60,433 shares of the company's stock valued at $682,000 after buying an additional 3,989 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of MediaAlpha by 42.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,409 shares of the company's stock valued at $163,000 after buying an additional 4,264 shares during the period. 64.39% of the stock is owned by institutional investors.

MediaAlpha Stock Performance

NYSE:MAX traded down $0.35 during trading hours on Wednesday, reaching $8.40. The company's stock had a trading volume of 549,467 shares, compared to its average volume of 660,793. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $25.78. The stock has a 50 day moving average price of $8.75 and a two-hundred day moving average price of $11.48. The company has a market capitalization of $563.05 million, a P/E ratio of 49.41 and a beta of 1.11.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.16). The business had revenue of $300.65 million during the quarter, compared to analysts' expectations of $289.38 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. As a group, analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on MAX. BMO Capital Markets dropped 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 target on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price target on shares of MediaAlpha in a research note on Tuesday, February 25th. The Goldman Sachs Group decreased their price target on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of MediaAlpha from $13.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One investment 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.com, MediaAlpha has an average rating of "Moderate Buy" and an average 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.