MediaAlpha, Inc. (NYSE:MAX) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in MediaAlpha, Inc. (NYSE:MAX - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 539,300 shares of the company's stock after buying an additional 252,000 shares during the period. Renaissance Technologies LLC owned approximately 0.81% of MediaAlpha worth $6,089,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of MediaAlpha by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock valued at $40,908,000 after acquiring an additional 169,654 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in MediaAlpha by 77.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company's stock valued at $18,389,000 after purchasing an additional 712,410 shares in the last quarter. Geode Capital Management LLC increased its position in MediaAlpha by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 698,703 shares of the company's stock worth $7,890,000 after purchasing an additional 8,129 shares during the period. State Street Corp raised its stake in shares of MediaAlpha by 7.0% during the 3rd quarter. State Street Corp now owns 547,906 shares of the company's stock worth $9,923,000 after buying an additional 35,960 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MediaAlpha by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 324,497 shares of the company's stock valued at $3,664,000 after buying an additional 50,553 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAX has been the subject of several research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price objective on shares of MediaAlpha in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of MediaAlpha from $13.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday. Keefe, Bruyette & Woods decreased their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a report on Tuesday. The Goldman Sachs Group dropped their target price on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, BMO Capital Markets decreased their price target on MediaAlpha from $27.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, MediaAlpha has a consensus rating of "Moderate Buy" and an average target price of $17.21.

MediaAlpha Price Performance

Shares of NYSE MAX traded up $0.18 on Thursday, hitting $8.47. The company's stock had a trading volume of 25,024 shares, compared to its average volume of 653,681. The stock has a 50 day moving average of $9.11 and a 200-day moving average of $11.80. The company has a market capitalization of $567.74 million, a price-to-earnings ratio of 49.59 and a beta of 1.11. MediaAlpha, Inc. has a 12-month low of $7.33 and a 12-month high of $25.78.

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