Why MediaAlpha Stock Is Soaring Today [Yahoo! Finance]
MediaAlpha, Inc. Class A (MAX)
Company Research
Source: Yahoo! Finance
The stock is reaching fresh multiyear highs today, notching prices not seen since October 2021. How MediaAlpha beat Wall Street forecasts MediaAlpha's fourth-quarter sales fell 6% year over year to $117 million, while the transaction value under management decreased by a milder 2% to $165 million. On the bottom line, the adjusted net loss shrank from $0.63 to $0.05 per share. Your average Wall Street analyst would have settled for sales near $112 million and a more damaging loss of roughly $0.18 per share. The results also outpaced MediaAlpha's own projections, chiefly powered by an extensive marketing campaign for an unnamed customer in the property and casualty (P&C) insurance sector. Management expects this segment to deliver robust results in the first quarter as well, inspiring guidance for a smaller revenue decline and approximately 45% stronger profits in the first quarter. A brighter future MediaAlpha's management finally sees the light at the end of a long, dark tun
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MAX
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