MediaAlpha (MAX) to Release Quarterly Earnings on Wednesday

MediaAlpha (NYSE:MAX) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect MediaAlpha to post earnings of ($0.11) per share for the quarter. MediaAlpha has set its Q1 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.16. The firm had revenue of $117.17 million for the quarter, compared to analyst estimates of $111.36 million. On average, analysts expect MediaAlpha to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MediaAlpha Stock Down 0.6 %

NYSE MAX opened at $19.00 on Wednesday. The firm’s 50 day moving average is $19.45 and its 200-day moving average is $13.80. The company has a market capitalization of $1.25 billion, a PE ratio of -21.35 and a beta of 1.35. MediaAlpha has a 12-month low of $5.08 and a 12-month high of $22.81.

Insider Transactions at MediaAlpha

In other MediaAlpha news, major shareholder Insignia Capital Partners Gp, sold 2,950,000 shares of MediaAlpha stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $19.85, for a total transaction of $58,557,500.00. Following the completion of the transaction, the insider now directly owns 50,000 shares of the company’s stock, valued at $992,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on MAX shares. Royal Bank of Canada increased their price objective on shares of MediaAlpha from $12.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. BMO Capital Markets raised MediaAlpha from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $9.00 to $28.00 in a research report on Monday, February 26th. TD Cowen started coverage on MediaAlpha in a report on Wednesday, January 10th. They issued an “outperform” rating and a $15.00 price objective for the company. Finally, Canaccord Genuity Group boosted their target price on shares of MediaAlpha from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.20.

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.