Streetbeat News

MAX

MediaAlpha, Inc.

https://www.mediaalpha.com

Industry

Internet Content & Information

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. MediaAlpha, Inc. is a subsidiary of White Mountains Insurance Group, Ltd.

Open

11.68

Mkt cap

781M

Volume

706K

High

12.21

P/E Ratio

-36.37

52-wk high

25.78

Low

11.62

Div yield

N/A

52-wk low

8.90

Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on MediaAlpha (NYSE:MAX) and increased the price target from $20 to $26.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:13 pm

MediaAlpha's shares are experiencing a decline following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:24 pm

MediaAlpha (NYSE:MAX) projects Q4 sales between $275 million and $295 million, surpassing the estimated $255.97 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:01 pm

MediaAlpha (NYSE:MAX) reported Q3 2024 earnings of $0.17 per share, significantly beating the $0.04 estimate, and sales of $259.133M, surpassing the $247.113M estimate. This marks a substantial improvement from the previous year's losses and sales figures.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:37 pm

MediaAlpha, Inc. (NYSE:MAX) and Insurify, Inc. have extended their partnership with a new multi-year agreement. This collaboration connects auto and home insurance carriers with Insurify's high-intent shoppers through MediaAlpha's platform.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:25 pm

Wolfpack Research highlights a new CMS rule requiring 1-to-1 consent for Third-Party Marketing Organizations, impacting MAX's Health segment. This rule, effective October 1st, is stricter than the FCC's similar rule.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 4:15 pm

Goldman Sachs initiated coverage on MediaAlpha, Inc. (NYSE:MAX) with a Buy rating and a $20 price target, citing growth in the insurance digital advertising market. Analyst Eric Sheridan highlights the company's potential in the P&C market recovery and digital channel expansion. MediaAlpha's recent financial performance exceeded expectations.

Portfolio Pulse from Lekha Gupta

August 20, 2024 | 5:43 pm

Goldman Sachs has initiated coverage on MediaAlpha (NYSE:MAX) with a Buy rating and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:23 am

Wolfpack Research has criticized MAX's CEO Steven Yi for his comments during the earnings call, accusing the company of using fraudulent ads and deceptive websites. They highlighted an ongoing FTC investigation and questioned the company's internal investigation. Wolfpack also noted potential negative impacts from upcoming FCC regulations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:15 pm

Keefe, Bruyette & Woods analyst Tommy McJoynt has reiterated an Outperform rating on MediaAlpha (NYSE:MAX) and raised the price target from $25 to $26.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:11 pm

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