J. Goldman & Co LP Has $3.51 Million Holdings in MediaAlpha, Inc. (NYSE:MAX)

J. Goldman & Co LP lessened its holdings in shares of MediaAlpha, Inc. (NYSE:MAX) by 33.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,125 shares of the company’s stock after selling 155,302 shares during the period. J. Goldman & Co LP owned about 0.47% of MediaAlpha worth $3,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its stake in MediaAlpha by 423.2% in the 3rd quarter. Barclays PLC now owns 66,525 shares of the company’s stock valued at $1,204,000 after purchasing an additional 53,809 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in MediaAlpha by 655.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,071 shares of the company’s stock valued at $1,450,000 after purchasing an additional 69,477 shares during the last quarter. Rhumbline Advisers lifted its stake in MediaAlpha by 4.3% in the 4th quarter. Rhumbline Advisers now owns 43,431 shares of the company’s stock valued at $490,000 after purchasing an additional 1,782 shares during the last quarter. Franklin Resources Inc. lifted its stake in MediaAlpha by 100.1% in the 3rd quarter. Franklin Resources Inc. now owns 128,604 shares of the company’s stock valued at $2,432,000 after purchasing an additional 64,331 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in MediaAlpha by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company’s stock valued at $40,908,000 after purchasing an additional 169,654 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of MediaAlpha from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Royal Bank of Canada dropped their price target on shares of MediaAlpha from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. BMO Capital Markets dropped their price target on shares of MediaAlpha from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods dropped their price target on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Canaccord Genuity Group dropped their price target on shares of MediaAlpha from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, MediaAlpha has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.

MediaAlpha Stock Up 0.6%

MAX opened at $10.03 on Monday. The company has a market capitalization of $672.31 million, a price-to-earnings ratio of 59.00 and a beta of 1.12. The firm has a 50-day moving average price of $8.81 and a 200-day moving average price of $10.92. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $20.91.

MediaAlpha (NYSE:MAX) last posted its earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The business had revenue of $264.31 million during the quarter, compared to analysts’ expectations of $236.07 million. During the same quarter in the previous year, the business earned ($0.02) EPS. MediaAlpha’s revenue for the quarter was up 108.7% on a year-over-year basis. On average, sell-side analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

MediaAlpha Profile

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.