MediaAlpha, Inc. (NYSE:MAX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of MediaAlpha, Inc. (NYSE:MAX) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $25.14.

MAX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $26.00 price objective (up from $25.00) on shares of MediaAlpha in a research note on Thursday, August 1st. The Goldman Sachs Group raised their target price on shares of MediaAlpha from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

MediaAlpha Trading Up 3.7 %

Shares of NYSE MAX opened at $12.14 on Friday. The stock has a market capitalization of $804.88 million, a price-to-earnings ratio of 71.41 and a beta of 1.23. MediaAlpha has a 12-month low of $8.90 and a 12-month high of $25.78. The firm’s 50-day moving average price is $17.67 and its 200-day moving average price is $17.05.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $259.13 million for the quarter, compared to the consensus estimate of $246.96 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. On average, equities analysts predict that MediaAlpha will post 0.42 EPS for the current fiscal year.

Insider Transactions at MediaAlpha

In other news, insider Eugene Nonko sold 72,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total value of $1,488,240.00. Following the transaction, the insider now directly owns 1,550,990 shares in the company, valued at approximately $32,058,963.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.53% of the company’s stock.

Hedge Funds Weigh In On MediaAlpha

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in shares of MediaAlpha during the first quarter valued at approximately $1,118,000. Vanguard Group Inc. raised its position in MediaAlpha by 15.0% during the 1st quarter. Vanguard Group Inc. now owns 2,119,189 shares of the company’s stock valued at $43,168,000 after purchasing an additional 276,641 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in MediaAlpha during the 1st quarter valued at $22,181,000. Hillsdale Investment Management Inc. purchased a new stake in shares of MediaAlpha in the 1st quarter worth $4,062,000. Finally, Divisadero Street Capital Management LP bought a new position in shares of MediaAlpha during the 2nd quarter worth $7,956,000. 64.39% of the stock is currently owned by institutional investors.

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.