Brokerages Set MediaAlpha, Inc. (NYSE:MAX) PT at $17.25

Shares of MediaAlpha, Inc. (NYSE:MAX) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.25.

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. JPMorgan Chase & Co. boosted their price target on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price objective on shares of MediaAlpha in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a research report on Friday, October 31st.

MediaAlpha Trading Down 0.1%

Shares of NYSE MAX opened at $10.23 on Monday. The firm has a market capitalization of $666.58 million, a PE ratio of -340.82 and a beta of 1.21. MediaAlpha has a one year low of $7.33 and a one year high of $13.92. The business has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $11.66.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $306.51 million for the quarter, compared to analysts’ expectations of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. MediaAlpha’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. Research analysts anticipate that MediaAlpha will post 0.48 EPS for the current year.

Insiders Place Their Bets

In related news, CRO Keith Cramer sold 10,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $12.83, for a total transaction of $128,300.00. Following the transaction, the executive owned 187,169 shares of the company’s stock, valued at approximately $2,401,378.27. The trade was a 5.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven Yi sold 8,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $11.88, for a total transaction of $95,040.00. Following the completion of the sale, the insider owned 2,967,330 shares in the company, valued at $35,251,880.40. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 488,200 shares of company stock valued at $5,978,189 in the last three months. Company insiders own 13.44% of the company’s stock.

Institutional Investors Weigh In On MediaAlpha

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its position in MediaAlpha by 680.9% in the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after buying an additional 1,246,493 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock worth $8,089,000 after acquiring an additional 658,625 shares in the last quarter. JPMorgan Chase & Co. grew its position in MediaAlpha by 95.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after acquiring an additional 516,195 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in MediaAlpha during the 2nd quarter valued at $4,268,000. Finally, Lighthouse Investment Partners LLC raised its position in MediaAlpha by 831.7% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company’s stock valued at $4,028,000 after purchasing an additional 315,943 shares during the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

About MediaAlpha

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.