Analysts Set MediaAlpha, Inc. (NYSE:MAX) Target Price at $25.14

Shares of MediaAlpha, Inc. (NYSE:MAX) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $25.14.

A number of research analysts recently weighed in on MAX shares. The Goldman Sachs Group upped their price target on MediaAlpha from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $26.00 price target (up from $25.00) on shares of MediaAlpha in a report on Thursday, August 1st.

Insider Activity

In other MediaAlpha news, insider Eugene Nonko sold 72,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total transaction of $1,488,240.00. Following the sale, the insider now owns 1,550,990 shares of the company’s stock, valued at $32,058,963.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.53% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in MediaAlpha in the second quarter worth approximately $65,000. Sandia Investment Management LP bought a new position in shares of MediaAlpha during the 2nd quarter valued at $79,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MediaAlpha by 354.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,624 shares of the company’s stock worth $114,000 after purchasing an additional 6,728 shares during the period. nVerses Capital LLC bought a new stake in MediaAlpha in the third quarter worth $116,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in MediaAlpha during the second quarter valued at about $134,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

MediaAlpha Trading Down 1.8 %

Shares of MAX opened at $16.08 on Friday. The firm’s fifty day simple moving average is $18.01 and its two-hundred day simple moving average is $17.18. MediaAlpha has a 12 month low of $8.55 and a 12 month high of $25.78. The stock has a market capitalization of $1.07 billion, a P/E ratio of 94.59 and a beta of 1.23.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $259.13 million during the quarter, compared to the consensus estimate of $246.96 million. MediaAlpha had a negative return on equity of 11.03% and a net margin of 1.41%. As a group, research analysts predict that MediaAlpha will post 0.35 EPS for the current fiscal year.

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.