Jump Financial LLC Grows Stock Holdings in MediaAlpha, Inc. (NYSE:MAX)

Jump Financial LLC lifted its position in MediaAlpha, Inc. (NYSE:MAX) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,500 shares of the company’s stock after buying an additional 18,479 shares during the period. Jump Financial LLC’s holdings in MediaAlpha were worth $819,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Covestor Ltd increased its position in shares of MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company’s stock worth $31,000 after purchasing an additional 847 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in MediaAlpha in the fourth quarter valued at about $67,000. Walleye Capital LLC acquired a new stake in MediaAlpha in the fourth quarter worth about $132,000. Wells Fargo & Company MN boosted its holdings in MediaAlpha by 42.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,409 shares of the company’s stock worth $163,000 after acquiring an additional 4,264 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of MediaAlpha during the fourth quarter worth about $169,000. Institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

MAX has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of MediaAlpha from $14.00 to $12.50 and set a “buy” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of MediaAlpha in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods dropped their price objective on shares of MediaAlpha from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. BMO Capital Markets reduced their target price on MediaAlpha from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, April 3rd. Finally, Canaccord Genuity Group dropped their price target on MediaAlpha from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.07.

MediaAlpha Stock Performance

NYSE:MAX opened at $7.49 on Tuesday. The firm’s fifty day moving average is $9.30 and its two-hundred day moving average is $11.85. The firm has a market cap of $502.05 million, a price-to-earnings ratio of 44.06 and a beta of 1.11. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $25.78.

MediaAlpha (NYSE:MAX) last posted its earnings results on Monday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. The company had revenue of $300.65 million for the quarter, compared to analyst estimates of $289.38 million. As a group, equities research analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

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.