MediaAlpha, Inc. (NYSE:MAX) Receives $25.14 Consensus PT from Brokerages

MediaAlpha, Inc. (NYSE:MAX) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.14.

Separately, The Goldman Sachs Group raised their price objective on shares of MediaAlpha from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

MediaAlpha Stock Down 2.0 %

Shares of NYSE MAX opened at $12.63 on Wednesday. MediaAlpha has a 12 month low of $9.76 and a 12 month high of $25.78. The company has a market cap of $841.92 million, a price-to-earnings ratio of 74.29 and a beta of 1.23. The business has a fifty day simple moving average of $16.09 and a 200-day simple moving average of $16.20.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $259.13 million during the quarter, compared to analyst estimates of $246.96 million. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. As a group, sell-side analysts expect that MediaAlpha will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Eugene Nonko sold 72,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $32,058,963.30. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of MediaAlpha by 100.1% during the 3rd quarter. Franklin Resources Inc. now owns 128,604 shares of the company’s stock worth $2,432,000 after purchasing an additional 64,331 shares in the last quarter. Barclays PLC increased its holdings in MediaAlpha by 423.2% in the third quarter. Barclays PLC now owns 66,525 shares of the company’s stock worth $1,204,000 after buying an additional 53,809 shares during the last quarter. Geode Capital Management LLC raised its position in MediaAlpha by 28.9% during the third quarter. Geode Capital Management LLC now owns 690,574 shares of the company’s stock valued at $12,509,000 after acquiring an additional 154,637 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in MediaAlpha in the third quarter valued at approximately $707,000. Finally, XTX Topco Ltd acquired a new stake in MediaAlpha in the third quarter valued at approximately $409,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

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.