MediaAlpha, Inc. (NYSE:MAX) Given Consensus Rating of "Buy" by Brokerages

Key Points

• MediaAlpha, Inc. (NYSE:MAX) has received a consensus rating of "Buy" from six research firms, with an average one-year price target of $18.25.
• The company's recent earnings report showed earnings per share of $0.17, exceeding analysts' expectations, with a 41.1% year-over-year increase in revenue.
• Insider trading activity includes Director Kathy P. Vrabeck purchasing 31,000 shares, increasing her position by 31.42%, while CRO Keith Cramer sold 20,000 shares, reducing his position by 10.68%.

Shares of MediaAlpha, Inc. (NYSE:MAX - Get Free Report) have been assigned a consensus rating of "Buy" from the six research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.25.

MAX has been the topic of a number of research analyst reports. Wall Street Zen downgraded MediaAlpha from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods raised their price objective on MediaAlpha from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, September 5th.

MediaAlpha Stock Performance

Shares of MAX stock opened at $12.67 on Tuesday. The stock's fifty day moving average price is $11.02 and its two-hundred day moving average price is $10.14. The company has a market cap of $860.80 million, a PE ratio of -105.57 and a beta of 1.19. MediaAlpha has a fifty-two week low of $7.33 and a fifty-two week high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $251.62 million for the quarter, compared to the consensus estimate of $248.80 million. MediaAlpha had a negative return on equity of 62.53% and a negative net margin of 0.61%.The company's revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. On average, equities analysts predict that MediaAlpha will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at MediaAlpha

In other news, Director Kathy P. Vrabeck acquired 31,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $9.60 per share, with a total value of $297,600.00. Following the acquisition, the director directly owned 129,657 shares in the company, valued at $1,244,707.20. The trade was a 31.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Keith Cramer sold 20,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $9.73, for a total value of $194,600.00. Following the sale, the executive directly owned 167,200 shares in the company, valued at approximately $1,626,856. This trade represents a 10.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,669 shares of company stock worth $297,873. 11.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in MediaAlpha by 8,775.8% during the 1st 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. Tower Research Capital LLC TRC raised its position in MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock worth $61,000 after purchasing an additional 1,213 shares during the last quarter. Raymond James Financial Inc. bought a new position in MediaAlpha during the 2nd quarter worth $62,000. Arizona State Retirement System bought a new position in MediaAlpha during the 1st quarter worth $95,000. Finally, Semanteon Capital Management LP bought a new position in MediaAlpha during the 2nd quarter worth $110,000. 64.39% of the stock is owned by institutional investors.

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.

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