MediaAlpha, Inc. (NYSE:MAX - Free Report) - Equities research analysts at William Blair upped their FY2024 EPS estimates for MediaAlpha in a research report issued on Thursday, October 31st. William Blair analyst A. Klauber now expects that the company will post earnings per share of $0.42 for the year, up from their previous forecast of $0.23. The consensus estimate for MediaAlpha's current full-year earnings is $0.35 per share. William Blair also issued estimates for MediaAlpha's Q4 2024 earnings at $0.18 EPS.
Several other research firms also recently weighed in on MAX. Keefe, Bruyette & Woods restated an "outperform" rating and set a $26.00 target price (up from $25.00) on shares of MediaAlpha in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of MediaAlpha from $20.00 to $26.00 and gave the stock a "buy" rating in a report on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.14.
View Our Latest Research Report on MAX
NYSE:MAX opened at $16.38 on Monday. The firm has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $17.19. MediaAlpha has a twelve month low of $8.55 and a twelve month high of $25.78. The company has a market capitalization of $1.09 billion, a P/E ratio of 96.35 and a beta of 1.23.
MediaAlpha (NYSE:MAX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.03%. The firm had revenue of $259.13 million during the quarter, compared to the consensus estimate of $246.96 million.
In related news, insider Eugene Nonko sold 72,000 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total transaction of $1,488,240.00. Following the completion of the transaction, the insider now owns 1,550,990 shares of the company's stock, valued at approximately $32,058,963.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.53% of the company's stock.
Institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in MediaAlpha during the second quarter valued at about $65,000. Sandia Investment Management LP acquired a new position in shares of MediaAlpha during the second quarter worth about $79,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MediaAlpha by 354.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,624 shares of the company's stock worth $114,000 after purchasing an additional 6,728 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of MediaAlpha during the third quarter worth about $116,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of MediaAlpha during the second quarter worth about $134,000. Hedge funds and other institutional investors own 64.39% of the company's stock.
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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