Fox Run Management L.L.C. Sells 20,031 Shares of MediaAlpha, Inc. $MAX

Fox Run Management L.L.C. trimmed its position in MediaAlpha, Inc. (NYSE:MAX) by 42.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,238 shares of the company’s stock after selling 20,031 shares during the period. Fox Run Management L.L.C.’s holdings in MediaAlpha were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Broad Bay Capital Management LP lifted its stake in shares of MediaAlpha by 23.8% during the first quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company’s stock valued at $25,389,000 after acquiring an additional 529,093 shares during the period. Clearline Capital LP increased its position in MediaAlpha by 123.4% in the first quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock worth $24,531,000 after purchasing an additional 1,466,760 shares during the period. AQR Capital Management LLC raised its holdings in MediaAlpha by 18.1% during the 1st quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock worth $5,154,000 after purchasing an additional 85,581 shares during the last quarter. Nuveen LLC acquired a new position in MediaAlpha during the 1st quarter valued at about $4,675,000. Finally, Earnest Partners LLC boosted its stake in shares of MediaAlpha by 12.8% in the 1st quarter. Earnest Partners LLC now owns 272,433 shares of the company’s stock valued at $2,517,000 after purchasing an additional 30,874 shares during the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

MediaAlpha Stock Down 3.5%

MediaAlpha stock opened at $12.78 on Friday. The company has a 50 day moving average of $12.03 and a 200-day moving average of $10.96. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $13.85. The stock has a market capitalization of $832.68 million, a PE ratio of -425.76 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $306.51 million during the quarter, compared to the consensus estimate of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.MediaAlpha’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. MediaAlpha has set its Q4 2025 guidance at EPS. Equities analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MAX has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MediaAlpha in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Wall Street Zen upgraded MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.25.

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.