William Blair Predicts Increased Earnings for MediaAlpha

Key Points

• William Blair has raised its FY2025 earnings estimate for MediaAlpha to $0.62 per share from a previous $0.49, indicating increased confidence in the company's financial performance.
• MediaAlpha reported earnings of $0.17 per share for the last quarter, exceeding consensus expectations, with quarterly revenue reaching $251.62 million, up 41.1% year-over-year.
• Despite positive earnings news, MediaAlpha's stock has seen fluctuating ratings from analysts, with the consensus target price now at $17.92, reflecting mixed outlooks on its market performance.

MediaAlpha, Inc. (NYSE:MAX - Free Report) - Stock analysts at William Blair lifted their FY2025 earnings estimates for MediaAlpha in a research report issued to clients and investors on Wednesday, August 6th. William Blair analyst A. Klauber now anticipates that the company will earn $0.62 per share for the year, up from their prior estimate of $0.49. The consensus estimate for MediaAlpha's current full-year earnings is $0.48 per share. William Blair also issued estimates for MediaAlpha's FY2026 earnings at $0.65 EPS.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its earnings results 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 business had revenue of $251.62 million for the quarter, compared to analysts' expectations of $248.80 million. MediaAlpha had a negative net margin of 0.61% and a negative return on equity of 62.53%. The firm's revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of MediaAlpha from a "buy" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. upped their target price on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada dropped their target price on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods dropped their target price on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, 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 research report on Monday, April 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.92.

MediaAlpha Stock Down 3.9%

NYSE MAX opened at $10.95 on Monday. The stock has a market cap of $733.98 million, a P/E ratio of -91.24 and a beta of 1.19. The company's 50-day simple moving average is $10.59 and its 200 day simple moving average is $10.09. MediaAlpha has a twelve month low of $7.33 and a twelve month high of $20.91.

Institutional Trading of MediaAlpha

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake 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 purchasing an additional 14,871 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of MediaAlpha by 8,775.8% during the first quarter. GAMMA Investing LLC now owns 2,929 shares of the company's stock valued at $27,000 after purchasing an additional 2,896 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of MediaAlpha by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company's stock valued at $40,908,000 after purchasing an additional 169,654 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of MediaAlpha during the fourth quarter valued at approximately $172,000. Finally, Millennium Management LLC grew its stake in shares of MediaAlpha by 91.0% during 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 last quarter. Institutional investors and hedge funds 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.

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