MediaAlpha Receives Strong Buy Consensus from Analysts Amid Positive Outlook

MediaAlpha, Inc. (NYSE:MAX) receives a unanimous "Buy" consensus recommendation from six financial analysts, according to Marketbeat. Each of these firms has assigned a buy rating to the company's stock, with the average one-year price target set at $17.92. Recent analyst reports have included updates from Goldman Sachs, which lowered its price target from $14.00 to $12.50 but maintained a buy rating; Keefe, Bruyette & Woods, reducing their target from $19.00 to $16.00 with an outperform rating; JPMorgan Chase, increasing their target from $10.00 to $12.00 and rating the stock overweight; and Royal Bank of Canada, decreasing their target from $20.00 to $18.00 while rating the company outperform. Institutional investors have also adjusted their holdings, with GAMMA Investing LLC significantly increasing its position by over 8,700%, and other firms like Covestor Ltd, Virtus Fund Advisers LLC, Quarry LP, and KLP Kapitalforvaltning AS adding to their stakes. Currently, the stock trades at $9.84, with a market capitalization of approximately $660 million, and exhibits a P/E ratio of 35.14. Operating primarily in the U.S., MediaAlpha specializes in digital customer acquisition for variou...