In last trading session, MediaAlpha Inc (NYSE:MAX) saw 0.75 million shares changing hands with its beta currently measuring 1.18. Company’s recent per share price level of $14.75 trading at $0.31 or 2.15% at ring of the bell on the day assigns it a market valuation of $760.80M. That closing price of MAX’s stock is at a discount of -74.78% from its 52-week high price of $25.78 and is indicating a premium of 48.34% from its 52-week low price of $7.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.66 million shares which gives us an average trading volume of 861.76K if we extend that period to 3-months.
For MediaAlpha Inc (MAX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.29. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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MediaAlpha Inc (NYSE:MAX) trade information
Upright in the green during last session for gaining 2.15%, in the last five days MAX remained trading in the green while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $14.75 price level, adding 5.21% to its value on the day. MediaAlpha Inc’s shares saw a change of 32.29% in year-to-date performance and have moved 4.02% in past 5-day. MediaAlpha Inc (NYSE:MAX) showed a performance of 12.77% in past 30-days. Number of shares sold short was 2.48 million shares which calculate 2.24 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a fall of -5.36% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 23. It follows that stock’s current price would jump 18.64% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.64% for stock’s current value.
MediaAlpha Inc (MAX) estimates and forecasts
Statistics highlight that MediaAlpha Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 15.78% of value to its shares in past 6 months, showing an annual growth rate of 114.61% while that of industry is 14.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
MediaAlpha Inc (NYSE:MAX)’s Major holders
Insiders are in possession of 43.25% of company’s total shares while institution are holding 43.63 percent of that, with stock having share float percentage of 76.87%. Investors also watch the number of corporate investors in a company very closely, which is 43.63% institutions for MediaAlpha Inc that are currently holding shares of the company. WHITE MOUNTAINS INSURANCE GROUP LTD is the top institutional holder at MAX for having 22.86 million shares of worth $465.59 million. And as of 2024-03-31, it was holding 48.64 of the company’s outstanding shares.
The second largest institutional holder is KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, which was holding about 5.09 million shares on 2024-03-31. The number of shares represents firm’s hold over 10.8333 of outstanding shares, having a total worth of $103.7 million.
