MediaAlpha (MAX)

• Market cap: $614M
• 1 day: -1.24%
• 5 days: 5.89%
• 1 month: -3.55%
• 3 months: -42.31%
• 6 months: -20.54%
• Year to date: -2.19%
• 1 year: 1.74%
• 5 years: -65.03%
• 10 years: -65.03%
• Sector: Industrials
• Industry: Business Services

About: MediaAlpha Inc provides a platform that facilitates insurance carriers and distributors target and acquire customers. The company's technology platform brings insurance carriers and consumers together through a real-time, transparent, and results-driven ecosystem. It acts as a customer acquisition channel in the areas of property & casualty insurance, health insurance, and life insurance. It operates in the United States and generates revenue by earning a fee for each consumer referral sold on its platform.

Employees: 137

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

225% more call options, than puts

Call options by funds: $2.38M | Put options by funds: $731K

55% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 40

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

32% more capital invested

Capital invested by funds: $672M [Q2] → $886M (+$214M) [Q3]

10% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 29

1% more funds holding

Funds holding: 148 [Q2] → 149 (+1) [Q3]

9.57% less ownership

Funds ownership: 98.96% [Q2] → 89.39% (-9.57%) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 35% upside
• Avg. target: $20 80% upside
• High target: $23 106% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Goldman Sachs Eric Sheridan 66% 1-year accuracy 35 / 53 met price target	106% upside $23	Buy Maintained	14 Jan 2025
JP Morgan Cory Carpenter 55% 1-year accuracy 11 / 20 met price target	35% upside $15	Overweight Maintained	10 Jan 2025
Keefe, Bruyette & Woods Tommy McJoynt 80% 1-year accuracy 4 / 5 met price target	97% upside $22	Outperform Maintained	11 Dec 2024
RBC Capital Ben Hendrix 29% 1-year accuracy 20 / 70 met price target	80% upside $20	Outperform Maintained	4 Dec 2024