MediaAlpha, Inc. (NYSE:MAX) Receives $17.21 Consensus Target Price from Analysts

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.21.

Several analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their price target on MediaAlpha from $13.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets decreased 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. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 target price on shares of MediaAlpha in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group decreased their price target 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.

MediaAlpha Stock Up 20.7 %

MediaAlpha stock traded up $1.74 during trading hours on Friday, hitting $10.14. The stock had a trading volume of 350,365 shares, compared to its average volume of 536,866. MediaAlpha has a 12-month low of $7.33 and a 12-month high of $25.78. The stock's 50-day moving average price is $8.75 and its 200-day moving average price is $11.48. The stock has a market capitalization of $679.68 million, a P/E ratio of 59.65 and a beta of 1.11.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.16). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The firm had revenue of $300.65 million during the quarter, compared to analysts' expectations of $289.38 million. On average, research analysts expect that MediaAlpha will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

Several hedge funds and other institutional investors have recently made changes to their positions in MAX. State Street Corp grew its stake in MediaAlpha by 7.0% in the 3rd quarter. State Street Corp now owns 547,906 shares of the company's stock worth $9,923,000 after acquiring an additional 35,960 shares in the last quarter. Barclays PLC raised its position in MediaAlpha by 423.2% during the 3rd quarter. Barclays PLC now owns 66,525 shares of the company's stock valued at $1,204,000 after purchasing an additional 53,809 shares in the last quarter. Geode Capital Management LLC raised its stake in MediaAlpha by 28.9% in the third quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock worth $12,509,000 after buying an additional 154,637 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of MediaAlpha by 100.1% in the 3rd quarter. Franklin Resources Inc. now owns 128,604 shares of the company's stock valued at $2,432,000 after buying an additional 64,331 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in MediaAlpha by 655.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company's stock worth $1,450,000 after purchasing an additional 69,477 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company's stock.

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.