MediaAlpha Shares Rise 18% After Narrower-Than-Expected 4Q Loss [MarketWatch]
MediaAlpha, Inc. Class A (MAX)
Company Research
Source: MarketWatch
The information-technology company on Tuesday after market close reported a quarterly loss of $2.4 million, or 5 cents a share, compared with a loss of $27 million, or 63 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $8.7 million, or 18 cents a share. Advertisement Revenue for the quarter was $117.2 million, compared with last year's $124 million and the $113.2 million analysts were expecting. The company said its results exceeded its expectations, led by improving conditions in its Property & Casualty Insurance business. Fourth-quarter transaction value was $165.3 million, down 2% year over year. MediaAlpha said it is expecting first-quarter revenue of $105 million to $115 million, while analysts are looking for revenue of $111.2 million. Transaction value is expected to be $175 million to $190 million, a 6% year-over-year-decline. Write to Chris Wack at chris.wack@wsj.com
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News
- Industry Analysts Just Upgraded Their MediaAlpha, Inc. (NYSE:MAX) Revenue Forecasts By 11% [Yahoo! Finance]Yahoo! Finance
- At US$22.08, Is MediaAlpha, Inc. (NYSE:MAX) Worth Looking At Closely? [Yahoo! Finance]Yahoo! Finance
- MediaAlpha, Inc. (NYSE: MAX) had its price target raised by analysts at Canaccord Genuity Group Inc. from $25.00 to $30.00. They now have a "buy" rating on the stock.MarketBeat
- MediaAlpha, Inc. (NYSE: MAX) had its price target raised by analysts at JPMorgan Chase & Co. from $18.00 to $30.00. They now have an "overweight" rating on the stock.MarketBeat
- MediaAlpha Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
MAX
Earnings
- 5/1/24 - Beat
MAX
Sec Filings
- 5/3/24 - Form SC
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- MAX's page on the SEC website