2 weeks Ago By Defense World Staff
Geode Capital Management LLC lifted its stake in MediaAlpha, Inc. (NYSE:MAX – Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 698,703 shares of the company’s stock after purchasing an additional 8,129 shares during the period. Geode Capital Management LLC owned about 1.05% of MediaAlpha worth $7,890,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC boosted its stake in shares of MediaAlpha by 77.7% in the 4th quarter.
TimesSquare Capital Management LLC now owns 1,628,815 shares of the company’s stock valued at $18,389,000 after buying an additional 712,410 shares during the period. Norges Bank purchased a new position in MediaAlpha in the fourth quarter worth approximately $3,183,000. Vanguard Group Inc.
increased its position in shares of MediaAlpha by 4.9% in the 4th quarter. Vanguard Group Inc.
now owns 3,623,344 shares of the company’s stock valued at $40,908,000 after purchasing an additional 169,654 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of MediaAlpha in the 4th quarter valued at approximately $902,000. Finally, Sei Investments Co.
lifted its position in shares of MediaAlpha by 180.5% during the 4th quarter. Sei Investments Co.
now owns 115,181 shares of the company’s stock worth $1,300,000 after purchasing an additional 74,113 shares during the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.
MediaAlpha Trading Up 2.2 %Shares of NYSE MAX opened at $8.47 on Friday.
The stock has a market cap of $567.74 million, a P/E ratio of 49.82 and a beta of 1.
11. The stock has a 50 day moving average of $9.02 and a two-hundred day moving average of $11.
74. MediaAlpha, Inc. has a twelve month low of $7.
33 and a twelve month high of $25.78. MediaAlpha (NYSE:MAX – Get Free Report) last released its quarterly earnings results on Monday, February 24th.
The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.
16). MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.
98%. The business had revenue of $300.65 million during the quarter, compared to analysts’ expectations of $289.
38 million. As a group, research analysts predict that MediaAlpha, Inc. will post 0.
48 earnings per share for the current year. Analysts Set New Price TargetsA number of analysts have weighed in on the company. BMO Capital Markets cut their price target on MediaAlpha from $27.
00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co.
dropped their price objective on MediaAlpha from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday.
Canaccord Genuity Group lowered their price target on MediaAlpha from $30.00 to $26.00 and set a “buy” rating for the company in a report on Monday, February 24th.
Keefe, Bruyette & Woods cut their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday.
Finally, Royal Bank of Canada restated an “outperform” rating and issued a $20.00 target price on shares of MediaAlpha in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.21.
View Our Latest Report on MediaAlphaMediaAlpha Company Profile (Free Report)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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