MediaAlpha, Inc. (NYSE:MAX – Get Ranking) was the goal of a big lower briefly curiosity in December. As of December fifteenth, there was brief curiosity totalling 881,700 shares, a lower of 11.3% from the November thirtieth whole of 993,800 shares. At present, 3.7% of the corporate’s inventory are bought brief. Primarily based on a median every day quantity of 274,900 shares, the days-to-cover ratio is at the moment 3.2 days.
Institutional Traders Weigh In On MediaAlpha
Hedge funds and different institutional buyers have lately added to or lowered their stakes within the inventory. Nisa Funding Advisors LLC acquired a brand new stake in MediaAlpha within the 2nd quarter value $28,000. First Horizon Advisors Inc. lifted its holdings in shares of MediaAlpha by 825.5% throughout the third quarter. First Horizon Advisors Inc. now owns 4,174 shares of the corporate’s inventory value $36,000 after buying an extra 3,723 shares throughout the interval. BNP Paribas Arbitrage SNC purchased a brand new place in shares of MediaAlpha throughout the third quarter value about $37,000. Amalgamated Financial institution purchased a brand new place in shares of MediaAlpha throughout the 1st quarter value about $56,000. Lastly, Authorized & Basic Group Plc lifted its holdings in shares of MediaAlpha by 28.2% throughout the 2nd quarter. Authorized & Basic Group Plc now owns 7,491 shares of the corporate’s inventory value $74,000 after buying an extra 1,646 shares throughout the interval. Hedge funds and different institutional buyers personal 70.10% of the corporate’s inventory.
Analysts Set New Value Targets
Quite a few equities analysis analysts have lately issued stories on MAX shares. JPMorgan Chase & Co. upgraded shares of MediaAlpha from a “impartial” ranking to an “chubby” ranking and upped their goal worth for the corporate from $12.00 to $14.00 in a analysis be aware on Tuesday, December twentieth. William Blair reiterated an “outperform” ranking on shares of MediaAlpha in a analysis be aware on Wednesday, October twenty sixth.
MediaAlpha Buying and selling Up 5.2 %
NYSE MAX opened at $9.95 on Monday. MediaAlpha has a 52 week low of $7.59 and a 52 week excessive of $17.26. The inventory has a market cap of $619.69 million, a price-to-earnings ratio of -11.99 and a beta of 1.06. The corporate has a 50-day shifting common worth of $11.43 and a two-hundred day shifting common worth of $10.33.
MediaAlpha (NYSE:MAX – Get Ranking) final issued its earnings outcomes on Thursday, November third. The corporate reported ($0.34) earnings per share for the quarter, lacking analysts’ consensus estimates of ($0.32) by ($0.02). The corporate had income of $89.02 million for the quarter, in comparison with analysts’ expectations of $81.11 million. As a gaggle, equities analysis analysts count on that MediaAlpha will publish -0.94 earnings per share for the present fiscal yr.
About MediaAlpha
MediaAlpha, Inc, by way of its subsidiaries, operates an insurance coverage buyer acquisition platform in the US. It optimizes buyer acquisition in varied verticals of property and casualty insurance coverage, medical insurance, and life insurance coverage. The corporate was based in 2014 and is headquartered in Los Angeles, California.
Featured Tales
This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you take into account MediaAlpha, you may wish to hear this.
MarketBeat retains observe of Wall Road’s top-rated and greatest performing analysis analysts and the shares they advocate to their purchasers each day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and MediaAlpha wasn’t on the checklist.
Whereas MediaAlpha at the moment has a “Reasonable Purchase” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.
No comments:
Post a Comment