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

Shares of MediaAlpha, Inc. (NYSE:MAX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.21.

A number of brokerages have recently commented on MAX. Keefe, Bruyette & Woods cut their target price on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets cut their target price 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. Canaccord Genuity Group cut their target price on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, The Goldman Sachs Group cut their target price on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a report on Monday, April 14th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in MediaAlpha by 4.3% in the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company's stock valued at $490,000 after purchasing an additional 1,782 shares during the last quarter. Vanguard Group Inc. raised its stake in MediaAlpha by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock valued at $40,908,000 after purchasing an additional 169,654 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of MediaAlpha during the 4th quarter valued at about $172,000. Millennium Management LLC increased its stake in shares of MediaAlpha by 91.0% during the 4th quarter. Millennium Management LLC now owns 781,349 shares of the company's stock valued at $8,821,000 after acquiring an additional 372,305 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in shares of MediaAlpha during the 4th quarter valued at about $599,000. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Stock Down 3.1%

MediaAlpha stock traded down $0.33 during trading on Friday, reaching $10.49. The stock had a trading volume of 287,097 shares, compared to its average volume of 615,045. MediaAlpha has a 52-week low of $7.33 and a 52-week high of $20.91. The business has a 50 day moving average price of $9.66 and a 200 day moving average price of $10.28. The stock has a market cap of $702.94 million, a PE ratio of 37.45 and a beta of 1.19.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). MediaAlpha had a negative return on equity of 46.92% and a net margin of 1.58%. The firm had revenue of $264.31 million during the quarter, compared to analysts' expectations of $236.07 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The firm's revenue was up 108.7% compared to the same quarter last year. On average, equities analysts predict that MediaAlpha will post 0.48 EPS 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.