Brokerages Set MediaAlpha, Inc. (NYSE:MAX) PT at $14.58

Shares of MediaAlpha, Inc. (NYSE:MAX) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.5833.

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings raised shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada dropped their price target on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Keefe, Bruyette & Woods cut their price objective on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th.

Insider Buying and Selling

In other news, CRO Keith Cramer sold 10,000 shares of MediaAlpha stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $9.89, for a total value of $98,900.00. Following the completion of the transaction, the executive owned 306,754 shares in the company, valued at approximately $3,033,797.06. This trade represents a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Kuanling Amy Yeh sold 3,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $10.34, for a total value of $31,020.00. Following the transaction, the chief technology officer directly owned 393,979 shares of the company’s stock, valued at approximately $4,073,742.86. This represents a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 578,689 shares of company stock worth $6,130,733 over the last 90 days. 13.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of MediaAlpha by 5,900.0% in the 4th 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. lifted its position in shares of 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 last quarter. Quarry LP grew its stake in shares of MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares in the last quarter. Strs Ohio acquired a new position in shares of MediaAlpha during the fourth quarter worth $49,000. Finally, Tower Research Capital LLC TRC increased its holdings in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after buying an additional 1,213 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Stock Performance

Shares of MediaAlpha stock opened at $9.70 on Tuesday. The stock has a 50 day moving average of $9.70 and a 200 day moving average of $11.35. The firm has a market capitalization of $625.39 million, a price-to-earnings ratio of 24.86 and a beta of 1.30. MediaAlpha has a fifty-two week low of $7.09 and a fifty-two week high of $13.92.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings results on Monday, February 23rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.25 by $0.25. The business had revenue of $291.16 million for the quarter, compared to analyst estimates of $296.42 million. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. Analysts forecast that MediaAlpha will post 0.48 EPS for the current year.

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.