Industry Analysts Just Upgraded Their MediaAlpha, Inc. (NYSE:MAX) Revenue Forecasts By 11% [Yahoo! Finance]
MediaAlpha, Inc. Class A (MAX)
Company Research
Source: Yahoo! Finance
The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline. MediaAlpha has also found favour with investors, with the stock up a worthy 20% to US$22.08 over the past week. We'll be curious to see if these new estimates convince the market to lift the stock price higher still. Following the upgrade, the most recent consensus for MediaAlpha from its seven analysts is for revenues of US$550m in 2024 which, if met, would be a sizeable 37% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 48% to US$0.32. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$498m and losses of US$0.32 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, withthe analysts noticeably increasing their revenue forecasts while also expecting losses per share to hold steady. Check out our latest
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MAX
News
- MediaAlpha, Inc. (NYSE: MAX) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $25.00 price target on the stock, up previously from $19.00.MarketBeat
- MediaAlpha Closes Secondary Offering [Yahoo! Finance]Yahoo! Finance
- MediaAlpha Announces Closing of Secondary Offering by White Mountains Insurance Group and Insignia Capital GroupGlobeNewswire
- Shareholders May Be Wary Of Increasing MediaAlpha, Inc.'s (NYSE:MAX) CEO Compensation Package [Yahoo! Finance]Yahoo! Finance
- MediaAlpha To Present at Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
MAX
Earnings
- 5/1/24 - Beat
MAX
Sec Filings
- 5/13/24 - Form 4
- 5/10/24 - Form 8-K
- 5/9/24 - Form SC
- MAX's page on the SEC website