MediaAlpha (MAX) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MediaAlpha in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MAX shares.
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5 brokerages have issued 1-year price targets for MediaAlpha's shares. Their MAX share price forecasts range from $10.00 to $24.00. On average, they expect the company's stock price to reach $16.75 in the next twelve months. This suggests a possible upside of 80.5% from the stock's current price.
View analysts price targets for MAX or view top-rated stocks among Wall Street analysts.

MediaAlpha's stock was trading at $9.95 at the beginning of 2023. Since then, MAX shares have decreased by 6.7% and is now trading at $9.28.
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MediaAlpha saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,030,000 shares, an increase of 101.3% from the April 15th total of 511,800 shares. Based on an average trading volume of 280,800 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our MAX earnings forecast.

MediaAlpha, Inc. (NYSE:MAX) released its quarterly earnings results on Thursday, May, 4th. The company reported ($0.23) EPS for the quarter, hitting analysts' consensus estimates of ($0.23). The business had revenue of $111.63 million for the quarter, compared to the consensus estimate of $110.82 million.

ETFs with the largest weight of MediaAlpha (NYSE:MAX) stock in their portfolio include Royce Quant Small-Cap Quality Value ETF (SQLV), Vanguard Communication Services ETF (VOX).Fidelity MSCI Communication Services Index ETF (FCOM),

MediaAlpha updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $74.00 million-$84.00 million, compared to the consensus revenue estimate of $111.43 million.

(MAX) raised $177 million in an initial public offering on Wednesday, October 28th 2020. The company issued 9,300,000 shares at a price of $18.00-$20.00 per share. J.P. Morgan, Citigroup, Credit Suisse, RBC Capital Markets, Canaccord Genuity and William Blair served as the underwriters for the IPO and MUFG was co-manager.

MediaAlpha trades on the New York Stock Exchange (NYSE) under the ticker symbol "MAX."

MediaAlpha's stock is owned by many different institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (9.39%), BlackRock Inc. (2.44%), Geode Capital Management LLC (0.71%), State Street Corp (0.71%), Picton Mahoney Asset Management (0.63%) and Silvercrest Asset Management Group LLC (0.61%). Insiders that own company stock include Ambrose Wang, Brian Mikalis, Eugene Nonko, Insignia Capital Partners Gp,, Jeff Sweetser, Keith Cramer, Kuanling Amy Yeh, Lance Martinez, Pamela Thomas-Graham, Patrick Ryan Thompson, Robert Perine, Serge Topjian, Spruce House Partnership Llc, Steven Yi and Tigran Sinanyan.
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Shares of MAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MAX stock can currently be purchased for approximately $9.28.

MediaAlpha (NYSE:MAX) has a market capitalization of $589.56 million and generates $459.07 million in revenue each year. The company earns $-57,670,000.00 in net income (profit) each year or ($1.42) on an earnings per share basis.

The company employs 149 workers across the globe.

The official website for the company is www.mediaalpha.com. The company can be reached via phone at 213-316-6256 or via email at investors@mediaalpha.com.