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

Shares of MediaAlpha, Inc. (NYSE:MAX) have been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $13.8571.

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group upped their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods upped their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada increased their price target on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th.

Insider Transactions at MediaAlpha

In other MediaAlpha news, Director Eugene Nonko sold 3,282 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $13.20, for a total transaction of $43,322.40. Following the completion of the sale, the director owned 832,554 shares of the company’s stock, valued at approximately $10,989,712.80. The trade was a 0.39% 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. 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, CRO Keith Cramer sold 13,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $12.76, for a total value of $165,880.00. Following the completion of the sale, the executive owned 264,303 shares of the company’s stock, valued at approximately $3,372,506.28. The trade was a 4.69% 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 567,700 shares of company stock worth $7,167,531 in the last three months. Corporate insiders own 14.65% of the company’s stock.

Institutional Investors Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in MediaAlpha by 5,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after purchasing an additional 2,124 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of 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 in the last quarter. Strs Ohio purchased a new stake in shares of MediaAlpha in the fourth quarter worth $49,000. Quarry LP raised its position in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the period. 64.39% of the stock is owned by hedge funds and other institutional investors.

MediaAlpha Price Performance

Shares of MAX opened at $13.18 on Friday. MediaAlpha has a one year low of $7.09 and a one year high of $14.70. The firm has a market capitalization of $807.41 million, a P/E ratio of 8.14 and a beta of 1.11. The business has a fifty day moving average of $12.67 and a 200 day moving average of $10.38.

MediaAlpha (NYSE:MAX) last posted its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The company had revenue of $316.88 million for the quarter, compared to the consensus estimate of $300.87 million. Analysts expect that MediaAlpha will post 0.97 EPS for the current fiscal 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.