Earnest Partners LLC Has $2.52 Million Stock Holdings in MediaAlpha, Inc. $MAX

Earnest Partners LLC increased its position in MediaAlpha, Inc. (NYSE:MAX) by 12.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,433 shares of the company’s stock after buying an additional 30,874 shares during the period. Earnest Partners LLC owned 0.41% of MediaAlpha worth $2,517,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Millennium Management LLC grew its stake in shares of MediaAlpha by 91.0% in the 4th quarter. Millennium Management LLC now owns 781,349 shares of the company’s stock valued at $8,821,000 after buying an additional 372,305 shares during the period. Nuveen LLC acquired a new stake in shares of MediaAlpha in the 1st quarter valued at about $4,675,000. Jacobs Levy Equity Management Inc. grew its stake in shares of MediaAlpha by 2,683.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 476,342 shares of the company’s stock valued at $5,378,000 after buying an additional 459,227 shares during the period. AQR Capital Management LLC grew its stake in shares of MediaAlpha by 570.7% in the 4th quarter. AQR Capital Management LLC now owns 472,215 shares of the company’s stock valued at $5,331,000 after buying an additional 401,807 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of MediaAlpha by 3.8% in the 4th quarter. Lazard Asset Management LLC now owns 456,550 shares of the company’s stock valued at $5,154,000 after buying an additional 16,875 shares during the period. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MAX shares. Royal Bank Of Canada cut their price target on MediaAlpha from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Wall Street Zen downgraded MediaAlpha from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on MediaAlpha from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.92.

MediaAlpha Stock Down 0.5%

Shares of NYSE MAX opened at $10.32 on Friday. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $20.91. The stock’s 50 day moving average price is $10.44 and its 200-day moving average price is $9.97. The company has a market capitalization of $701.18 million, a PE ratio of -85.99 and a beta of 1.19.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $251.62 million for the quarter, compared to the consensus estimate of $248.80 million. MediaAlpha had a negative return on equity of 62.53% and a negative net margin of 0.61%.The company’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. As a group, research analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Kathy P. Vrabeck purchased 31,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $9.60 per share, with a total value of $297,600.00. Following the acquisition, the director owned 129,657 shares of the company’s stock, valued at $1,244,707.20. This trade represents a 31.42% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Keith Cramer sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $9.73, for a total value of $194,600.00. Following the sale, the executive owned 167,200 shares in the company, valued at approximately $1,626,856. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,669 shares of company stock worth $297,873 in the last ninety days. 13.44% of the stock is currently owned by insiders.

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.