MediaAlpha, Inc. (NYSE:MAX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MediaAlpha, Inc. (NYSE:MAX) has received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.57.

MAX has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on MediaAlpha from $26.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price objective on MediaAlpha from $25.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada reduced their price objective on MediaAlpha from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group reduced their price objective on MediaAlpha from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

MediaAlpha Trading Down 2.7 %

Shares of NYSE:MAX opened at $12.79 on Monday. The stock’s 50-day moving average price is $11.44 and its two-hundred day moving average price is $14.53. MediaAlpha has a 12-month low of $10.21 and a 12-month high of $25.78. The firm has a market cap of $852.25 million, a price-to-earnings ratio of 75.21 and a beta of 1.12.

Institutional Investors Weigh In On MediaAlpha

Several hedge funds have recently modified their holdings of MAX. AQR Capital Management LLC purchased a new stake in shares of MediaAlpha during the 2nd quarter valued at about $206,000. The Manufacturers Life Insurance Company purchased a new stake in shares of MediaAlpha during the 2nd quarter valued at about $134,000. SG Americas Securities LLC purchased a new stake in shares of MediaAlpha during the 3rd quarter valued at about $396,000. nVerses Capital LLC purchased a new stake in shares of MediaAlpha during the 3rd quarter valued at about $116,000. Finally, OmniStar Financial Group Inc. purchased a new stake in shares of MediaAlpha during the 3rd quarter valued at about $523,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

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.