Analysts expect MediaAlpha, Inc. (NYSE: MAX – Get Rating) to report $ 115.52 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for MediaAlpha’s earnings. The lowest sales estimate is $ 114.79 million and the highest is $ 116.26 million. MediaAlpha posted sales of $ 157.35 million during the same quarter last year, which would suggest a negative year over year growth rate of 26.6%. The business is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that MediaAlpha will report full year sales of $ 582.55 million for the current year, with estimates ranging from $ 541.62 million to $ 623.49 million. For the next financial year, analysts anticipate that the firm will report sales of $ 715.30 million, with estimates ranging from $ 615.66 million to $ 814.94 million. Zacks’ sales calculations are an average based on a survey of research firms that cover MediaAlpha.
MediaAlpha (NYSE: MAX – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported ($ 0.10) EPS for the quarter, missing the consensus estimate of ($ 0.02) by ($ 0.08). The company had revenue of $ 161.58 million during the quarter, compared to analyst estimates of $ 155.88 million.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded MediaAlpha from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada dropped their target price on MediaAlpha from $ 18.00 to $ 13.00 in a research report on Friday. Canaccord Genuity Group dropped their target price on MediaAlpha from $ 30.00 to $ 20.00 in a research report on Friday, February 25th. Finally, Citigroup downgraded MediaAlpha from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $ 24.00 to $ 14.00 in a research report on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, MediaAlpha currently has a consensus rating of “Hold” and an average price target of $ 28.89.
MediaAlpha stock opened at $ 10.33 on Friday. The firm has a market cap of $ 629.61 million, a P / E ratio of -27.18 and a beta of 0.58. The business’s fifty day moving average is $ 14.75 and its two-hundred day moving average is $ 14.81. MediaAlpha has a 52 week low of $ 9.68 and a 52 week high of $ 47.00.
In other MediaAlpha news, insider Patrick Ryan Thompson purchased 5,000 shares of the stock in a transaction on Thursday, May 12th. The stock was bought at an average cost of $ 10.29 per share, for a total transaction of $ 51,450.00. Following the completion of the acquisition, the insider now directly owns 49,090 shares of the company’s stock, valued at $ 505,136.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.64% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Prospera Financial Services Inc acquired a new position in MediaAlpha during the first quarter valued at approximately $ 28,000. Citigroup Inc. lifted its position in shares of MediaAlpha by 139.8% in the third quarter. Citigroup Inc. now owns 3,038 shares of the company’s stock valued at $ 57,000 after buying an additional 1,771 shares during the last quarter. Royal Bank of Canada lifted its position in shares of MediaAlpha by 194.7% in the third quarter. Royal Bank of Canada now owns 4,476 shares of the company’s stock valued at $ 83,000 after buying an additional 2,957 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of MediaAlpha by 20.1% in the third quarter. Advisor Group Holdings Inc. now owns 4,910 shares of the company’s stock valued at $ 92,000 after buying an additional 822 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of MediaAlpha in the third quarter valued at approximately $ 97,000. 65.47% of the stock is owned by hedge funds and other institutional investors.
MediaAlpha Company Profile (Get Rating)
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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