FY2025 EPS Estimates for MediaAlpha Raised by William Blair

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) - Research analysts at William Blair upped their FY2025 EPS estimates for shares of MediaAlpha in a note issued to investors on Wednesday, August 6th. William Blair analyst A. Klauber now anticipates that the company will post earnings of $0.62 per share for the year, up from their prior forecast 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.

Several other equities analysts have also recently commented on the stock. 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. Wall Street Zen cut shares of MediaAlpha from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $17.92.

MediaAlpha Stock Down 3.0%

Shares of NYSE:MAX traded down $0.31 during midday trading on Monday, hitting $10.14. The stock had a trading volume of 143,379 shares, compared to its average volume of 500,453. The company's 50-day moving average price is $10.56 and its 200-day moving average price is $10.08. The company has a market capitalization of $679.68 million, a P/E ratio of -84.58 and a beta of 1.19. MediaAlpha has a fifty-two week low of $7.33 and a fifty-two week high of $20.91.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $251.62 million during the quarter, compared to the consensus estimate of $248.80 million. MediaAlpha had a negative net margin of 0.61% and a negative return on equity of 62.53%. The business's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS.

Hedge Funds Weigh In On MediaAlpha

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearline Capital LP increased its position in shares of MediaAlpha by 123.4% during the first quarter. Clearline Capital LP now owns 2,654,921 shares of the company's stock worth $24,531,000 after buying an additional 1,466,760 shares during the period. Broad Bay Capital Management LP increased its position in shares of MediaAlpha by 23.8% during the first quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company's stock worth $25,389,000 after buying an additional 529,093 shares during the period. Nuveen LLC acquired a new stake in shares of MediaAlpha during the first quarter worth $4,675,000. Jacobs Levy Equity Management Inc. increased its position in shares of MediaAlpha by 2,683.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 476,342 shares of the company's stock worth $5,378,000 after buying an additional 459,227 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of MediaAlpha by 570.7% during the fourth quarter. AQR Capital Management LLC now owns 472,215 shares of the company's stock worth $5,331,000 after buying an additional 401,807 shares during the period. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MediaAlpha

In other MediaAlpha news, Director Kathy P. Vrabeck purchased 31,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $9.60 per share, for a total transaction of $297,600.00. Following the transaction, the director owned 129,657 shares in the company, valued at $1,244,707.20. The trade was a 31.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Keith Cramer sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $9.73, for a total transaction of $194,600.00. Following the completion of the transaction, the executive owned 167,200 shares of the company's stock, valued at approximately $1,626,856. This trade represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,669 shares of company stock valued at $297,873. 13.44% of the stock is owned by insiders.

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.