MediaAlpha (MAX) to Release Quarterly Earnings on Monday

MediaAlpha (NYSE:MAX) is projected to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $289.38 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

MediaAlpha Trading Down 3.1 %

Shares of MAX opened at $11.40 on Friday. MediaAlpha has a twelve month low of $10.21 and a twelve month high of $25.78. The stock’s 50 day moving average is $11.53 and its two-hundred day moving average is $14.41. The firm has a market capitalization of $759.97 million, a PE ratio of 67.06 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MAX shares. Royal Bank of Canada lowered their price objective on MediaAlpha from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. The Goldman Sachs Group lowered their price objective on MediaAlpha from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price objective on MediaAlpha from $26.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price objective on MediaAlpha from $25.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, MediaAlpha has an average rating of “Moderate Buy” and a consensus target price of $21.57.

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.