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

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has received an average rating of "Buy" from the six analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.92.

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

MediaAlpha Price Performance

NYSE:MAX traded up $0.02 on Thursday, reaching $10.72. The stock had a trading volume of 283,358 shares, compared to its average volume of 566,813. The company has a market cap of $718.56 million, a price-to-earnings ratio of 38.29 and a beta of 1.20. The firm's fifty day moving average is $10.47 and its two-hundred day moving average is $10.22. MediaAlpha has a 12-month low of $7.33 and a 12-month high of $20.91.

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

Institutional Investors Weigh In On MediaAlpha

Several institutional investors have recently bought and sold shares of MAX. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 2,896 shares during the period. Covestor Ltd lifted its position in shares of MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company's stock worth $31,000 after purchasing an additional 847 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of MediaAlpha in the fourth quarter valued at $35,000. Quarry LP grew its holdings in MediaAlpha by 107.1% during the 4th quarter. Quarry LP now owns 5,841 shares of the company's stock valued at $66,000 after purchasing an additional 3,021 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in MediaAlpha during the 4th quarter valued at $67,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

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.