Analysts Set MediaAlpha, Inc. (NYSE:MAX) Price Target at $17.25

MediaAlpha, Inc. (NYSE:MAX) has received a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.25.

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods raised their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a report on Friday, October 31st. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th.

MediaAlpha Trading Down 0.1%

MediaAlpha stock opened at $10.23 on Monday. The firm has a 50-day moving average of $12.21 and a 200-day moving average of $11.68. The firm has a market cap of $666.56 million, a P/E ratio of -340.82 and a beta of 1.29. MediaAlpha has a 1-year low of $7.33 and a 1-year high of $13.92.

Insider Activity

In other MediaAlpha news, Director Eugene Nonko sold 5,400 shares of MediaAlpha stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $10.58, for a total transaction of $57,132.00. Following the sale, the director directly owned 949,648 shares of the company’s stock, valued at approximately $10,047,275.84. The trade was a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven Yi sold 8,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $10.57, for a total value of $84,560.00. Following the completion of the transaction, the insider directly owned 2,735,330 shares of the company’s stock, valued at $28,912,438.10. This represents a 0.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 488,200 shares of company stock valued at $5,978,189 over the last 90 days. 11.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MediaAlpha

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of MediaAlpha during the 2nd quarter valued at $155,000. Janney Montgomery Scott LLC purchased a new position in MediaAlpha during the 2nd quarter valued at about $895,000. CWM LLC boosted its stake in MediaAlpha by 37.3% during the second quarter. CWM LLC now owns 22,681 shares of the company’s stock worth $248,000 after acquiring an additional 6,158 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in MediaAlpha during the second quarter worth about $219,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of MediaAlpha by 519.1% during the second quarter. Y Intercept Hong Kong Ltd now owns 162,747 shares of the company’s stock valued at $1,782,000 after purchasing an additional 136,459 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

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.