Blair William & Co. IL Boosts Stock Position in MediaAlpha, Inc. (NYSE:MAX)

Blair William & Co. IL lifted its position in MediaAlpha, Inc. (NYSE:MAX) by 20.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,137 shares of the company’s stock after buying an additional 11,071 shares during the quarter. Blair William & Co. IL owned approximately 0.10% of MediaAlpha worth $593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MAX. Vanguard Group Inc. raised its holdings in shares of MediaAlpha by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 3,623,344 shares of the company’s stock valued at $40,908,000 after buying an additional 169,654 shares during the period. JPMorgan Chase & Co. increased its holdings in MediaAlpha by 52.8% during the 4th quarter. JPMorgan Chase & Co. now owns 122,386 shares of the company’s stock worth $1,382,000 after purchasing an additional 42,315 shares during the period. Geode Capital Management LLC increased its holdings in MediaAlpha by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 698,703 shares of the company’s stock worth $7,890,000 after purchasing an additional 8,129 shares during the period. Wells Fargo & Company MN increased its holdings in MediaAlpha by 42.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,409 shares of the company’s stock worth $163,000 after purchasing an additional 4,264 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in MediaAlpha by 418.3% during the 4th quarter. Russell Investments Group Ltd. now owns 49,625 shares of the company’s stock worth $557,000 after purchasing an additional 40,051 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

MAX has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price target on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Royal Bank Of Canada cut their price target on MediaAlpha from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. The Goldman Sachs Group cut their price target on MediaAlpha from $14.00 to $12.50 and set a “buy” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. upped their price objective on MediaAlpha from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Wall Street Zen cut MediaAlpha from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.92.

MediaAlpha Stock Performance

NYSE:MAX opened at $10.95 on Monday. The stock has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $10.09. The stock has a market cap of $733.98 million, a P/E ratio of -91.24 and a beta of 1.19. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $20.91.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $251.62 million during the quarter, compared to analysts’ expectations of $248.80 million. MediaAlpha had a negative return on equity of 62.53% and a negative net margin of 0.61%. The business’s revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. On average, equities research analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current year.

About MediaAlpha

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.