MediaAlpha, Inc. (NYSE:MAX) Stake Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 418.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,625 shares of the company's stock after purchasing an additional 40,051 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of MediaAlpha worth $557,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MAX. State Street Corp grew its position in MediaAlpha by 7.0% during the third quarter. State Street Corp now owns 547,906 shares of the company's stock valued at $9,923,000 after acquiring an additional 35,960 shares during the period. Barclays PLC boosted its stake in shares of 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 buying an additional 53,809 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MediaAlpha by 28.9% during the 3rd quarter. Geode Capital Management LLC now owns 690,574 shares of the company's stock valued at $12,509,000 after buying an additional 154,637 shares during the last quarter. Franklin Resources Inc. grew its position in shares of MediaAlpha by 100.1% during the third quarter. Franklin Resources Inc. now owns 128,604 shares of the company's stock worth $2,432,000 after buying an additional 64,331 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of MediaAlpha by 655.8% in the third quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company's stock worth $1,450,000 after buying an additional 69,477 shares during the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

MediaAlpha Stock Performance

Shares of MAX traded up $0.26 during mid-day trading on Tuesday, reaching $8.73. 362,827 shares of the company's stock traded hands, compared to its average volume of 661,902. The business's 50-day moving average price is $8.81 and its 200-day moving average price is $11.50. The stock has a market capitalization of $584.84 million, a P/E ratio of 51.32 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 quarterly earnings data on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.16). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The company had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. Equities research analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

MAX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of MediaAlpha from $13.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price target on shares of MediaAlpha in a research note on Tuesday, February 25th. BMO Capital Markets dropped their price target on shares of MediaAlpha from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.21.

MediaAlpha 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.