Shares of MediaAlpha, Inc. (NYSE:MAX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $24.29.
Several equities analysts have weighed in on MAX shares. TD Cowen cut shares of MediaAlpha from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $19.00 to $13.00 in a research report on Wednesday, June 26th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $26.00 price target (up from $25.00) on shares of MediaAlpha in a report on Thursday, August 1st. Finally, The Goldman Sachs Group started coverage on shares of MediaAlpha in a report on Tuesday, August 20th. They set a "buy" rating and a $20.00 price target on the stock.
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Shares of NYSE:MAX opened at $17.23 on Tuesday. MediaAlpha has a 12 month low of $8.47 and a 12 month high of $25.78. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -25.34 and a beta of 1.22. The stock's 50 day moving average price is $17.04 and its 200 day moving average price is $17.30.
MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The company had revenue of $178.27 million during the quarter, compared to the consensus estimate of $151.40 million. MediaAlpha's quarterly revenue was up 110.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) EPS. On average, sell-side analysts expect that MediaAlpha will post 0.35 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of MediaAlpha by 15.0% during the first quarter. Vanguard Group Inc. now owns 2,119,189 shares of the company's stock valued at $43,168,000 after buying an additional 276,641 shares during the last quarter. Driehaus Capital Management LLC increased its stake in MediaAlpha by 208.4% in the second quarter. Driehaus Capital Management LLC now owns 1,436,615 shares of the company's stock valued at $18,920,000 after acquiring an additional 970,840 shares during the period. TimesSquare Capital Management LLC bought a new stake in MediaAlpha in the first quarter valued at about $22,181,000. Divisadero Street Capital Management LP bought a new stake in MediaAlpha in the second quarter valued at about $7,956,000. Finally, Emerald Advisers LLC increased its stake in MediaAlpha by 51,407.5% in the second quarter. Emerald Advisers LLC now owns 598,517 shares of the company's stock valued at $7,882,000 after acquiring an additional 597,355 shares during the period. Institutional investors and hedge funds own 64.39% of the company's stock.
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.
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