MediaAlpha (MAX) Projected to Post Quarterly Earnings on Tuesday

MediaAlpha (NYSE:MAX) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $289.38 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

MediaAlpha Stock Performance

Shares of MAX stock opened at $12.81 on Tuesday. MediaAlpha has a 52 week low of $10.21 and a 52 week high of $25.78. The company’s 50 day moving average price is $11.31 and its two-hundred day moving average price is $14.58. The company has a market capitalization of $853.58 million, a P/E ratio of 75.32 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of MediaAlpha from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Royal Bank of Canada cut their price target on MediaAlpha from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, December 4th. JPMorgan Chase & Co. decreased their price objective on MediaAlpha from $25.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group cut their target price on MediaAlpha from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.57.

About MediaAlpha

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.