17,068 Shares in MediaAlpha, Inc. (NYSE:MAX) Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of MediaAlpha, Inc. (NYSE:MAX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,068 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in MediaAlpha during the 1st quarter worth about $136,000. Lazard Asset Management LLC bought a new position in shares of MediaAlpha in the first quarter worth approximately $165,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MediaAlpha by 354.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,624 shares of the company’s stock valued at $114,000 after purchasing an additional 6,728 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new stake in MediaAlpha during the first quarter valued at approximately $178,000. Finally, Janus Henderson Group PLC purchased a new position in MediaAlpha in the 1st quarter worth approximately $284,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

MediaAlpha Stock Performance

Shares of MAX stock opened at $17.24 on Wednesday. The company has a market capitalization of $1.14 billion, a P/E ratio of -25.35 and a beta of 1.20. MediaAlpha, Inc. has a fifty-two week low of $7.62 and a fifty-two week high of $25.78. The stock has a 50 day moving average price of $15.12 and a two-hundred day moving average price of $17.69.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $178.27 million for the quarter, compared to the consensus estimate of $151.40 million. The company’s quarterly revenue was up 110.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.32) earnings per share. As a group, equities analysts predict that MediaAlpha, Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAX. TD Cowen cut shares of MediaAlpha from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $13.00 in a research report on Wednesday, June 26th. The Goldman Sachs Group started coverage on MediaAlpha in a research note on Tuesday, August 20th. They set a “buy” rating and a $20.00 price target for the company. Royal Bank of Canada increased their price objective on MediaAlpha from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $26.00 target price (up previously from $25.00) on shares of MediaAlpha in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.29.

MediaAlpha Company Profile

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.