MediaAlpha, Inc. (NYSE:MAX – Get Rating) – Stock analysts at William Blair cut their Q2 2022 EPS estimates for MediaAlpha in a report released on Tuesday, August 2nd. William Blair analyst A. Klauber now anticipates that the company will earn ($0.26) per share for the quarter, down from their previous estimate of ($0.25). The consensus estimate for MediaAlpha’s current full-year earnings is ($0.60) per share. William Blair also issued estimates for MediaAlpha’s Q3 2022 earnings at ($0.14) EPS, Q4 2022 earnings at ($0.03) EPS and FY2023 earnings at ($0.41) EPS.
MediaAlpha (NYSE:MAX – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.07). The firm had revenue of $142.60 million for the quarter, compared to the consensus estimate of $141.20 million. MediaAlpha’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share.
MediaAlpha Price Performance
NYSE:MAX opened at $10.01 on Friday. MediaAlpha has a one year low of $8.48 and a one year high of $30.73. The firm has a 50-day moving average of $10.68 and a 200-day moving average of $12.67. The company has a market cap of $611.83 million, a PE ratio of -26.32 and a beta of 0.87.
Insiders Place Their Bets
In other news, insider Patrick Ryan Thompson bought 10,000 shares of the stock in a transaction on Tuesday, June 14th. The shares were acquired at an average cost of $8.59 per share, for a total transaction of $85,900.00. Following the purchase, the insider now directly owns 83,552 shares of the company’s stock, valued at approximately $717,711.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 25,000 shares of company stock worth $247,650 in the last three months. 9.64% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On MediaAlpha
Institutional investors have recently made changes to their positions in the stock. Prospera Financial Services Inc bought a new position in shares of MediaAlpha in the 1st quarter worth $28,000. Nisa Investment Advisors LLC purchased a new position in MediaAlpha during the 2nd quarter valued at about $28,000. Amalgamated Bank purchased a new position in MediaAlpha during the 1st quarter valued at about $56,000. Allspring Global Investments Holdings LLC purchased a new position in MediaAlpha during the 4th quarter valued at about $155,000. Finally, MetLife Investment Management LLC raised its holdings in MediaAlpha by 56.1% in the first quarter. MetLife Investment Management LLC now owns 12,251 shares of the company’s stock worth $203,000 after buying an additional 4,405 shares during the last quarter. Institutional investors own 65.47% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on MediaAlpha (MAX)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for MediaAlpha Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MediaAlpha and related companies with MarketBeat.com's FREE daily email newsletter.