MediaAlpha (MAX) Projected to Post Earnings on Tuesday

MediaAlpha (NYSE:MAX) is anticipated to announce its earnings results 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

MediaAlpha Stock Up 2.5 %

MAX stock opened at $12.81 on Tuesday. The business has a fifty day moving average of $11.31 and a 200-day moving average of $14.58. The company has a market cap of $853.58 million, a P/E ratio of 75.32 and a beta of 1.12. MediaAlpha has a twelve month low of $10.21 and a twelve month high of $25.78.

Analysts Set New Price Targets

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

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.