MediaAlpha stock drives up after upgrade to Outperform at BMO [Seeking Alpha]
MediaAlpha, Inc. Class A (MAX)
Company Research
Source: Seeking Alpha
upgraded the insurance customer acquisition platform to Outperform from Market Perform. Analyst Michael Zaremski is calling for an upward inflection in transaction value starting this year on the expectation that auto insurers will start to beef up "advertising-for-growth spend beyond sell-side expectations," he wrote in a note. His 2025 estimate for P&C-related transaction value is $807M, more than 20% above MediaAlpha's ( MAX ) 2021 peak level. That said, Zaremski boosted his MAX target price to $28 from $9, based on a ~25.6x 2025 estimated EV/adjusted EBITDA multiple. The increased price target "reflects expectations for Transaction Value + Adjusted EBITDA beat-and-raises to continue in the coming quarters and double-digit long-term secular growth prospects within the [direct-to-consumer] sandbox where MAX operates, partly offset MAX's less stable/predictable growth and EBITDA profile." The Outperform rate diverges from the SA Quant system rating of Hold and agrees with the
Show less
Read more
Impact Snapshot
Event Time:
MAX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MAX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MAX alerts
High impacting MediaAlpha, Inc. Class A news events
Weekly update
A roundup of the hottest topics
MAX
News
- MediaAlpha, Inc. (MAX) Advances But Underperforms Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- MediaAlpha (MAX) Surges 6.9%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- MediaAlpha To Report First Quarter 2024 Financial Results on May 1, 2024 [Yahoo! Finance]Yahoo! Finance
- MediaAlpha To Report First Quarter 2024 Financial Results on May 1, 2024GlobeNewswire
- MediaAlpha Announces Launch of Secondary Offering [Yahoo! Finance]Yahoo! Finance
MAX
Earnings
- 2/20/24 - Beat
MAX
Sec Filings
- 4/10/24 - Form DEFA14A
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- MAX's page on the SEC website