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

Shares of MediaAlpha, Inc. (NYSE:MAX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.21.

A number of research analysts have recently commented on MAX shares. BMO Capital Markets lowered their price objective on 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 dropped their price target on shares of 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. boosted their price objective on shares of MediaAlpha from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Canaccord Genuity Group lowered their target price on shares of MediaAlpha from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, The Goldman Sachs Group dropped 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.

MediaAlpha Stock Performance

Shares of MAX stock opened at $10.95 on Friday. The firm has a market capitalization of $733.98 million, a PE ratio of 64.41 and a beta of 1.19. The stock has a fifty day moving average of $9.49 and a two-hundred day moving average of $10.31. MediaAlpha has a 1 year low of $7.33 and a 1 year high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates 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%. The firm's revenue for the quarter was up 108.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) EPS. Equities research analysts predict that MediaAlpha will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently bought and sold shares of MAX. GAMMA Investing LLC grew 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 worth $27,000 after purchasing an additional 2,896 shares during the last quarter. Covestor Ltd lifted 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 buying an additional 847 shares during the period. Virtus Fund Advisers LLC acquired a new stake in MediaAlpha during the fourth quarter worth about $35,000. Quarry LP increased its stake in MediaAlpha by 107.1% during the fourth quarter. Quarry LP now owns 5,841 shares of the company's stock valued at $66,000 after acquiring an additional 3,021 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in MediaAlpha during the fourth quarter valued at about $67,000. Institutional investors own 64.39% of the company's stock.

MediaAlpha Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.