Brokerages Set MediaAlpha, Inc. (NYSE:MAX) PT at $12.90

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

MAX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of MediaAlpha from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. 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. The Goldman Sachs Group lowered their target price on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Weiss Ratings upgraded shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd.

MediaAlpha Trading Up 0.5%

Shares of NYSE:MAX opened at $9.16 on Wednesday. MediaAlpha has a 52 week low of $7.09 and a 52 week high of $13.92. The company’s 50 day moving average is $9.64 and its two-hundred day moving average is $10.82. The company has a market cap of $570.81 million, a PE ratio of 14.30 and a beta of 1.16.

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

Insider Buying and Selling at MediaAlpha

In other news, insider Steven Yi sold 39,252 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $9.99, for a total value of $392,127.48. Following the completion of the transaction, the insider owned 2,649,624 shares in the company, valued at approximately $26,469,743.76. This represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eugene Nonko sold 59,202 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $10.01, for a total transaction of $592,612.02. Following the completion of the transaction, the director owned 1,395,320 shares of the company’s stock, valued at approximately $13,967,153.20. The trade was a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 691,897 shares of company stock valued at $6,777,085. Company insiders own 14.65% of the company’s stock.

Institutional Trading of MediaAlpha

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in MediaAlpha by 5,900.0% during the 4th 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. boosted its stake in MediaAlpha by 9,917.9% during the 4th 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 acquired a new stake in MediaAlpha during the 4th quarter worth $49,000. Quarry LP boosted its stake in MediaAlpha by 43.3% during the 3rd 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 boosted its stake in MediaAlpha by 28.0% during the 2nd 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. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.