MediaAlpha (NYSE:MAX) Releases Earnings Results, Misses Expectations By $0.16 EPS

MediaAlpha (NYSE:MAX) posted its earnings results on Monday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16), Zacks reports. The firm had revenue of $300.65 million for the quarter, compared to analysts’ expectations of $289.38 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. MediaAlpha updated its Q1 2025 guidance to EPS.

MediaAlpha Trading Down 19.0 %

NYSE:MAX opened at $9.25 on Wednesday. MediaAlpha has a 12 month low of $8.69 and a 12 month high of $25.78. The company has a market cap of $616.38 million, a PE ratio of 54.39 and a beta of 1.12. The company has a 50 day simple moving average of $11.49 and a two-hundred day simple moving average of $14.31.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of MediaAlpha from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of MediaAlpha from $22.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday. The Goldman Sachs Group dropped their target price on shares of MediaAlpha from $23.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of MediaAlpha in a report on Tuesday. Finally, Canaccord Genuity Group lowered their price objective on shares of MediaAlpha from $30.00 to $26.00 and set a “buy” rating for the company in a report on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

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.