MediaAlpha, Inc. (NYSE:MAX) Receives $17.92 Average Target Price from Analysts

Key Points

• MediaAlpha, Inc. (NYSE:MAX) has a consensus recommendation of "Buy" from six analysts, with an average 12-month price target of $17.91.
• The company's recent quarterly earnings showed an EPS of $0.17, exceeding analyst expectations, with a 41.1% increase in revenue compared to the prior year.
• Insider activity included Director Kathy P. Vrabeck purchasing 31,000 shares at $9.60 each, representing a 31.42% increase in her ownership, while CRO Keith Cramer sold 20,000 shares.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has earned a consensus recommendation of "Buy" from the six research firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $17.9167.

Several research analysts have recently weighed in on MAX shares. Royal Bank Of Canada lowered their price target on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen cut shares of MediaAlpha from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th.

Insider Activity at MediaAlpha

In other news, CRO Keith Cramer sold 20,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $9.73, for a total value of $194,600.00. Following the transaction, the executive owned 167,200 shares of the company's stock, valued at $1,626,856. This represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 acquired at an average cost of $9.60 per share, with a total value of $297,600.00. Following the completion of the transaction, the director directly owned 129,657 shares in the company, valued at approximately $1,244,707.20. The trade was a 31.42% increase in their position. The disclosure for this purchase can be found here. Insiders sold 29,669 shares of company stock valued at $297,873 over the last quarter. 13.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MAX. Allspring Global Investments Holdings LLC increased its position in shares of MediaAlpha by 54.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 42,298 shares of the company's stock valued at $381,000 after acquiring an additional 14,871 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of 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 period. Virtus Investment Advisers Inc. acquired a new stake in MediaAlpha in the 4th quarter valued at approximately $172,000. Millennium Management LLC raised its position in MediaAlpha by 91.0% in the fourth quarter. Millennium Management LLC now owns 781,349 shares of the company's stock valued at $8,821,000 after purchasing an additional 372,305 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MediaAlpha by 21.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,478 shares of the company's stock worth $1,010,000 after purchasing an additional 16,050 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Trading Up 2.8%

MAX stock traded up $0.29 during midday trading on Friday, reaching $10.57. The stock had a trading volume of 292,127 shares, compared to its average volume of 553,412. The company's fifty day simple moving average is $10.44 and its 200 day simple moving average is $9.93. The company has a market cap of $717.92 million, a price-to-earnings ratio of -88.05 and a beta of 1.19. MediaAlpha has a 52-week low of $7.33 and a 52-week high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $251.62 million for the quarter, compared to analyst estimates of $248.80 million. MediaAlpha had a negative return on equity of 62.53% and a negative net margin of 0.61%.The firm's revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Sell-side analysts predict that MediaAlpha will post 0.48 EPS for the current year.

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.