increased its holdings in MediaAlpha by 825.5% in the third quarter. Institutional investors and hedge funds have recently bought and sold shares of the business. 9.64% of the stock is owned by corporate insiders. Insiders have sold 82,100 shares of company stock valued at $1,320,394 in the last three months. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Following the transaction, the insider now owns 1,036,553 shares of the company’s stock, valued at $16,284,247.63. The stock was sold at an average price of $15.71, for a total value of $482,265.58. In other MediaAlpha news, insider Steven Yi sold 30,698 shares of the business’s stock in a transaction on Monday, February 27th. will post -0.75 earnings per share for the current year. On average, research analysts forecast that MediaAlpha, Inc. The business had revenue of $124.01 million during the quarter, compared to analyst estimates of $136.06 million. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.01. MediaAlpha ( NYSE:MAX – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Finally, Citigroup upped their price objective on shares of MediaAlpha from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, February 27th. Canaccord Genuity Group upped their price objective on shares of MediaAlpha from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 24th. raised shares of MediaAlpha from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $14.00 in a research report on Tuesday, December 20th. They set a “market perform” rating and a $10.00 price objective for the company. BMO Capital Markets began coverage on shares of MediaAlpha in a research report on Thursday, January 19th. Analyst Upgrades and DowngradesĪ number of brokerages have recently commented on MAX. The stock had previously closed at $14.00. 3,289 shares changed hands during trading, a decline of 98% from the average session volume of 196,207 shares. The company traded as high as $14.35 and last traded at $14.35. ( NYSE:MAX – Get Rating) shares shot up 2.5% during trading on Friday.
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