MediaAlpha, Inc. (NYSE:MAX) Stock Has Consensus Price Target of $14.29 According to Brokerages

MediaAlpha, Inc. (NYSE:MAX) has received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.29.

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a report on Tuesday, June 9th. TD Cowen decreased their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, June 23rd. JPMorgan Chase & Co. initiated coverage on shares of MediaAlpha in a research report on Monday, August 24th. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, Weiss Ratings lowered MediaAlpha from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th.

MediaAlpha Price Performance

Shares of MAX stock opened at $9.68 on Friday. MediaAlpha has a 1-year low of $7.09 and a 1-year high of $14.70. The stock’s fifty day moving average price is $11.86 and its 200 day moving average price is $10.87. The company has a market cap of $592.81 million, a price-to-earnings ratio of 5.97 and a beta of 1.14.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.42. The firm had revenue of $316.88 million for the quarter, compared to the consensus estimate of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. As a group, equities research analysts anticipate that MediaAlpha will post 1.4 earnings per share for the current year.

Insiders Place Their Bets

In other MediaAlpha news, Director Eugene Nonko sold 10,843 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $13.78, for a total value of $149,416.54. Following the sale, the director directly owned 1,042,064 shares of the company’s stock, valued at approximately $14,359,641.92. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Kuanling Yeh sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $13.55, for a total value of $162,600.00. Following the completion of the sale, the chief technology officer owned 541,985 shares of the company’s stock, valued at $7,343,896.75. This trade represents a 2.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 389,911 shares of company stock worth $4,942,229. Company insiders own 14.65% of the company’s stock.

Institutional Investors Weigh In On MediaAlpha

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its position in MediaAlpha by 9,917.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after buying an additional 2,777 shares during the last quarter. SG Americas Securities LLC increased its position in shares of MediaAlpha by 23.2% during the first quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock worth $181,000 after acquiring an additional 3,668 shares during the last quarter. State of Wyoming increased its position in shares of MediaAlpha by 10.7% during the first quarter. State of Wyoming now owns 43,001 shares of the company’s stock worth $400,000 after acquiring an additional 4,169 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of MediaAlpha by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 47,885 shares of the company’s stock worth $435,000 after acquiring an additional 4,935 shares in the last quarter. Finally, Corient Private Wealth LP lifted its stake in shares of MediaAlpha by 50.7% in the second quarter. Corient Private Wealth LP now owns 23,451 shares of the company’s stock worth $295,000 after acquiring an additional 7,892 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Company Profile

MediaAlpha, Inc (NYSE: MAX) operates a technology platform designed to help insurance companies and distributors acquire customers through digital channels. Its platform connects consumers who are shopping for insurance with providers and other distribution partners, using data, analytics and automated transactions to facilitate customer acquisition.

The company’s services primarily support insurance shopping and marketing across categories such as auto, home, health and life insurance.