MediaAlpha, Inc. (NYSE:MAX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.21.

Several equities analysts have recently commented on the stock. BMO Capital Markets decreased their price objective on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods cut their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on MediaAlpha from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price objective on MediaAlpha from $14.00 to $12.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada cut their price objective on MediaAlpha from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th.

Hedge Funds Weigh In On MediaAlpha

Institutional investors have recently modified their holdings of the business. Covestor Ltd raised its stake in shares of MediaAlpha by 44.1% in the fourth quarter. Covestor Ltd now owns 2,766 shares of the company's stock valued at $31,000 after acquiring an additional 847 shares in the last quarter. GAMMA Investing LLC raised its position in MediaAlpha by 8,775.8% in the 1st quarter. GAMMA Investing LLC now owns 2,929 shares of the company's stock valued at $27,000 after purchasing an additional 2,896 shares in the last quarter. Virtus Fund Advisers LLC acquired a new stake in MediaAlpha in the 4th quarter valued at about $35,000. Quarry LP boosted its stake 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 buying an additional 3,021 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of MediaAlpha during the fourth quarter worth about $67,000. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Stock Performance

Shares of MediaAlpha stock traded down $0.13 during trading hours on Wednesday, hitting $10.04. The company's stock had a trading volume of 311,499 shares, compared to its average volume of 634,338. The stock has a market cap of $672.65 million, a price-to-earnings ratio of 59.03 and a beta of 1.12. MediaAlpha has a twelve month low of $7.33 and a twelve month high of $20.91. The firm has a fifty day moving average of $9.07 and a 200-day moving average of $10.47.

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

About MediaAlpha

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.