William Blair Analysts Boost Earnings Estimates for MediaAlpha, Inc. (NYSE:MAX)

MediaAlpha, Inc. (NYSE:MAX) – Stock analysts at William Blair upped their Q4 2024 earnings per share (EPS) estimates for MediaAlpha in a report issued on Thursday, August 1st. William Blair analyst A. Klauber now expects that the company will earn $0.08 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for MediaAlpha’s current full-year earnings is $0.13 per share. William Blair also issued estimates for MediaAlpha’s FY2025 earnings at $0.51 EPS.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. boosted their price target on MediaAlpha from $18.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. TD Cowen cut MediaAlpha from a “buy” rating to a “hold” rating and cut their price target for the stock from $19.00 to $13.00 in a research note on Wednesday, June 26th. Royal Bank of Canada boosted their price target on MediaAlpha from $18.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $26.00 price objective (up previously from $25.00) on shares of MediaAlpha in a research note on Thursday. Finally, Canaccord Genuity Group upped their price objective on MediaAlpha from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.57.

MediaAlpha Stock Performance

NYSE:MAX opened at $16.43 on Friday. MediaAlpha has a one year low of $7.62 and a one year high of $25.78. The business’s 50-day simple moving average is $15.32 and its 200 day simple moving average is $17.08. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -24.16 and a beta of 1.20.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $178.27 million during the quarter, compared to analyst estimates of $151.40 million. During the same quarter last year, the firm posted ($0.32) EPS. The company’s revenue was up 110.3% compared to the same quarter last year.

Insider Activity

In other news, major shareholder Insignia Capital Partners Gp, sold 2,589,800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $19.00, for a total transaction of $49,206,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Insignia Capital Partners Gp, sold 2,589,800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $19.00, for a total transaction of $49,206,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total value of $95,003,800.00. Following the completion of the transaction, the insider now directly owns 17,856,614 shares of the company’s stock, valued at $339,275,666. The disclosure for this sale can be found here. Corporate insiders own 11.53% of the company’s stock.

Hedge Funds Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in MediaAlpha by 5.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,890 shares of the company’s stock worth $315,000 after buying an additional 1,150 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in MediaAlpha by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,321 shares of the company’s stock valued at $292,000 after purchasing an additional 1,235 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in MediaAlpha by 0.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 375,509 shares of the company’s stock valued at $7,649,000 after purchasing an additional 1,667 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in MediaAlpha by 111.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,442 shares of the company’s stock valued at $50,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in MediaAlpha by 7.3% during the 2nd quarter. Rhumbline Advisers now owns 36,751 shares of the company’s stock valued at $484,000 after purchasing an additional 2,511 shares in the last quarter. 64.39% of the stock is owned by institutional investors.

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.