MediaAlpha (MAX) Scheduled to Post Quarterly Earnings on Wednesday

MediaAlpha (NYSE:MAX) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect MediaAlpha to post earnings of ($0.11) per share for the quarter. MediaAlpha has set its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.16. The firm had revenue of $117.17 million for the quarter, compared to analysts’ expectations of $111.36 million. On average, analysts expect MediaAlpha to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MediaAlpha Stock Down 0.3 %

MediaAlpha stock opened at $18.80 on Tuesday. MediaAlpha has a 52-week low of $5.08 and a 52-week high of $22.81. The company has a market cap of $1.24 billion, a P/E ratio of -21.12 and a beta of 1.35. The business has a 50-day simple moving average of $19.69 and a two-hundred day simple moving average of $14.08.

Analyst Ratings Changes

MAX has been the topic of a number of recent analyst reports. BMO Capital Markets raised MediaAlpha from a “market perform” rating to an “outperform” rating and raised their price target for the company from $9.00 to $28.00 in a report on Monday, February 26th. Canaccord Genuity Group boosted their price target on MediaAlpha from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. TD Cowen assumed coverage on MediaAlpha in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on shares of MediaAlpha from $12.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.20.

Insider Activity

In other news, major shareholder Insignia Capital Partners Gp, sold 2,950,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.85, for a total value of $58,557,500.00. Following the completion of the sale, the insider now owns 50,000 shares of the company’s stock, valued at approximately $992,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.53% of the company’s stock.

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.