MediaAlpha, Inc. (NYSE:MAX) Receives $12.90 Consensus PT from Brokerages

MediaAlpha, Inc. (NYSE:MAX) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.90.

Several equities analysts have recently weighed in on MAX shares. The Goldman Sachs Group cut their target price on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods dropped their price objective on shares of MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings upgraded shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their target price on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th.

Insider Activity

In other news, Director Eugene Nonko sold 25,606 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $10.01, for a total value of $256,316.06. Following the completion of the sale, the director owned 959,775 shares in the company, valued at approximately $9,607,347.75. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Steven Yi sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $9.14, for a total transaction of $36,560.00. Following the completion of the sale, the insider owned 2,879,690 shares of the company’s stock, valued at $26,320,366.60. This trade represents a 0.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 687,897 shares of company stock valued at $6,745,125 in the last 90 days. Company insiders own 14.65% of the company’s stock.

Institutional Trading of MediaAlpha

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its stake in MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after purchasing an additional 2,124 shares during the period. Rockefeller Capital Management L.P. increased its stake in MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after purchasing an additional 2,777 shares during the period. Strs Ohio purchased a new stake in MediaAlpha in the fourth quarter worth $49,000. Quarry LP increased its stake in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s stock.

MediaAlpha Price Performance

Shares of MAX opened at $8.74 on Wednesday. The stock has a market capitalization of $545.13 million, a price-to-earnings ratio of 13.66 and a beta of 1.16. MediaAlpha has a 1 year low of $7.09 and a 1 year high of $13.92. The business’s 50 day simple moving average is $9.59 and its 200-day simple moving average is $10.77.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). The firm had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $298.91 million. MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.The firm’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. On average, sell-side analysts expect that MediaAlpha will post 1.02 earnings per share for the current year.

MediaAlpha Company Profile

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.