BMO Capital Markets began coverage on shares of MediaAlpha (NYSE:MAX – Get Rating) in a research report released on Thursday morning, The Fly reports. The firm issued a market perform rating and a $10.00 price objective on the stock.
Other equities research analysts also recently issued reports about the company. William Blair reaffirmed an outperform rating on shares of MediaAlpha in a report on Wednesday, October 26th. JPMorgan Chase & Co. raised MediaAlpha from a neutral rating to an overweight rating and upped their target price for the company from $12.00 to $14.00 in a report on Tuesday, December 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $13.80.
Get MediaAlpha alerts:MediaAlpha Stock Down 3.0 %
Shares of MediaAlpha stock opened at $11.47 on Thursday. The firm has a market cap of $714.35 million, a price-to-earnings ratio of -13.82 and a beta of 1.12. The business has a fifty day simple moving average of $11.03 and a 200-day simple moving average of $10.43. MediaAlpha has a fifty-two week low of $7.59 and a fifty-two week high of $17.26.
MediaAlpha (NYSE:MAX – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.02). The firm had revenue of $89.02 million during the quarter, compared to analyst estimates of $81.11 million. Analysts anticipate that MediaAlpha will post -0.94 earnings per share for the current fiscal year.Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC acquired a new position in MediaAlpha during the second quarter valued at $28,000. First Horizon Advisors Inc. raised its position in MediaAlpha by 825.5% during the third quarter. First Horizon Advisors Inc. now owns 4,174 shares of the company's stock valued at $36,000 after buying an additional 3,723 shares during the period. BNP Paribas Arbitrage SNC acquired a new position in MediaAlpha in the 3rd quarter worth about $37,000. Amalgamated Bank acquired a new position in MediaAlpha in the 1st quarter worth about $56,000. Finally, Yarbrough Capital LLC acquired a new position in MediaAlpha in the 4th quarter worth about $67,000. 70.10% of the stock is owned by institutional investors and hedge funds.
MediaAlpha Company Profile
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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.
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