MediaAlpha Inc (NYSE: MAX) is 15.61% higher on its value in year-to-date trading and has touched a low of $9.69 and a high of $25.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MAX stock was last observed hovering at around $12.73 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $12.89, the stock is -0.52% and -20.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 1.26% at the moment leaves the stock -25.54% off its SMA200. MAX registered 28.90% gain for a year compared to 6-month gain of -29.68%. The firm has a 50-day simple moving average (SMA 50) of $16.384 and a 200-day simple moving average (SMA200) of $17.3205.
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The stock witnessed a -34.20% loss in the last 1 month and extending the period to 3 months gives it a -25.53%, and is 5.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.51% over the week and 6.69% over the month.
MediaAlpha Inc (MAX) has around 137 employees, a market worth around $859.31M and $681.23M in sales. Current P/E ratio is 77.09 and Fwd P/E is 16.58. Profit margin for the company is 1.41%. Distance from 52-week low is 33.02% and -50.00% from its 52-week high. The company has generated returns on investments over the last 12 months (6.53%).
MediaAlpha Inc quarterly earnings per share for the current quarter are estimated at 0.39 with sales reaching $276.64M over the same period.The EPS is expected to grow by 149.75% this year, but quarterly earnings will post 115.86% year-over-year. Quarterly sales are estimated to grow 136.09% in year-over-year returns.
218.0 institutions hold shares in MediaAlpha Inc (MAX), with institutional investors hold 95.69% of the company’s shares. The shares outstanding are 47.40M, and float is at 31.64M with Short Float at 5.42%. Institutions hold 57.47% of the Float.
The top institutional shareholder in the company is WHITE MOUNTAINS INSURANCE GROUP LTD with over 17.86 million shares valued at $235.17 million. The investor’s holdings represent 36.7613 of the MAX Shares outstanding. As of 2024-06-30, the second largest holder is KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with 4.68 million shares valued at $61.63 million to account for 9.634 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.08 million shares representing 6.3434 and valued at over $40.58 million, while BLACKROCK INC. holds 5.1099 of the shares totaling 2.48 million with a market value of $32.69 million.
MediaAlpha Inc (MAX) Insider Activity
The most recent transaction is an insider sale by Nonko Eugene,. SEC filings show that Nonko Eugene sold 72,000 shares of the company’s common stock on Oct 30 ’24 at a price of $20.67 per share for a total of $1.49 million. Following the sale, the insider now owns 1.55 million shares.
MediaAlpha Inc disclosed in a document filed with the SEC on Oct 30 ’24 that Yi Steven sold a total of 72,000 shares of the company’s common stock. The trade occurred on Oct 30 ’24 and was made at $20.66 per share for $1.49 million. Following the transaction, the insider now directly holds 2.31 million shares of the MAX stock.
Still, SEC filings show that on Oct 30 ’24, Yi Steven (Officer) Proposed Sale 72,000 shares at an average price of $20.66 for $1.49 million. The insider now directly holds shares of MediaAlpha Inc (MAX).
