MediaAlpha, Inc. (NYSE:MAX) Stock Has Average Price Target of $13.79 According to Brokerages

Shares of MediaAlpha, Inc. (NYSE:MAX) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.71.

Several equities research analysts have recently issued reports on MAX shares. Canaccord Genuity Group increased their price objective on shares of MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. boosted their price objective on shares of MediaAlpha from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. Royal Bank Of Canada upped their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Keefe, Bruyette & Woods upped their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th.

Insider Activity

In other news, CTO Kuanling Yeh sold 25,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $14.91, for a total transaction of $372,750.00. Following the completion of the transaction, the chief technology officer directly owned 493,091 shares of the company’s stock, valued at $7,351,986.81. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Keith Cramer sold 12,000 shares of the stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $11.39, for a total value of $136,680.00. Following the transaction, the executive owned 239,303 shares of the company’s stock, valued at approximately $2,725,661.17. The trade was a 4.78% 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. Insiders have sold a total of 381,618 shares of company stock worth $4,699,483 over the last three months. Corporate insiders own 14.65% of the company’s stock.

Institutional Investors Weigh In On MediaAlpha

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of MediaAlpha by 380.9% in the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after purchasing an additional 221,540 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MediaAlpha by 94.1% in the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock worth $5,773,000 after purchasing an additional 300,871 shares in the last quarter. Jacobs Asset Management LLC lifted its position in shares of MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock worth $8,597,000 after purchasing an additional 219,144 shares in the last quarter. Globeflex Capital L P acquired a new stake in MediaAlpha in the 2nd quarter valued at $702,000. Finally, Principal Financial Group Inc. increased its stake in MediaAlpha by 288.7% in the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock valued at $1,280,000 after buying an additional 102,210 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Price Performance

Shares of MAX opened at $15.15 on Wednesday. The stock has a 50 day simple moving average of $11.36 and a 200 day simple moving average of $10.69. MediaAlpha has a 52-week low of $7.09 and a 52-week high of $15.22. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $927.91 million, a PE ratio of 8.32 and a beta of 1.12.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The firm had revenue of $375.95 million for the quarter, compared to the consensus estimate of $347.93 million. Sell-side analysts predict that MediaAlpha will post 1.47 EPS for the current fiscal year.

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.