MediaAlpha, Inc. (NYSE:MAX) Expected to Announce Earnings of -$0.01 Per Share

Equities research analysts forecast that MediaAlpha, Inc. (NYSE:MAX) will announce ($0.01) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for MediaAlpha’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.00. The company is expected to report its next quarterly earnings report on Thursday, November 11th.

According to Zacks, analysts expect that MediaAlpha will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.06. For the next year, analysts expect that the firm will report earnings of $0.30 per share, with EPS estimates ranging from $0.24 to $0.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for MediaAlpha.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Thursday, August 12th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). The business had revenue of $157.35 million for the quarter, compared to the consensus estimate of $158.38 million.

A number of analysts have recently issued reports on MAX shares. Royal Bank of Canada cut their price target on shares of MediaAlpha from $65.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, August 18th. Canaccord Genuity cut their price target on shares of MediaAlpha from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 13th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of MediaAlpha from a “hold” rating to a “sell” rating in a report on Tuesday, August 17th. Wolfe Research started coverage on shares of MediaAlpha in a report on Monday, August 16th. They set a “peer perform” rating and a $30.00 price target for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of MediaAlpha in a research report on Tuesday, June 8th. They set an “outperform” rating and a $53.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $44.78.

In related news, insider Steven Yi sold 22,951 shares of MediaAlpha stock in a transaction on Friday, July 9th. The shares were sold at an average price of $36.07, for a total transaction of $827,842.57. Following the sale, the insider now directly owns 17,378 shares in the company, valued at approximately $626,824.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Mikalis sold 12,924 shares of MediaAlpha stock in a transaction on Monday, June 21st. The stock was sold at an average price of $40.96, for a total transaction of $529,367.04. Following the sale, the insider now owns 23,133 shares in the company, valued at $947,527.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 193,570 shares of company stock valued at $6,786,347. Corporate insiders own 10.21% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elkhorn Partners Limited Partnership acquired a new position in MediaAlpha in the first quarter valued at $43,000. O Shaughnessy Asset Management LLC acquired a new position in shares of MediaAlpha during the second quarter worth about $54,000. Royal Bank of Canada increased its stake in shares of MediaAlpha by 339.5% during the first quarter. Royal Bank of Canada now owns 1,569 shares of the company’s stock worth $56,000 after acquiring an additional 1,212 shares during the period. SG Americas Securities LLC acquired a new position in shares of MediaAlpha during the second quarter worth about $116,000. Finally, ProShare Advisors LLC acquired a new position in shares of MediaAlpha during the second quarter worth about $226,000. Institutional investors own 62.74% of the company’s stock.

MAX stock opened at $20.97 on Wednesday. The company has a market cap of $1.26 billion and a price-to-earnings ratio of -149.79. MediaAlpha has a 12 month low of $19.93 and a 12 month high of $70.33. The firm has a 50-day moving average of $27.08 and a two-hundred day moving average of $36.84.

MediaAlpha Company Profile

MediaAlpha, Inc, through its subsidiaries, operates insurance customer acquisition platform in the United States. Its real-time customer acquisition and predictive analytics platform allows insurance carriers, distributors, and other clients to acquire customers and optimize customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance.

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