Mediaalpha, Inc. (MAX)
NYSE:MAX
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MAX Stock Chart & Stats
$10.06
-$0.32(-2.72%)
At close: 4:00 PM EST
$10.06
-$0.32(-2.72%)
Day’s Range― - ―
52-Week Range$7.09 - $13.92
Previous CloseN/A
Volume95.75K
Average Volume (3M)546.32K
Market Cap
$631.61M
Enterprise Value$679.16M
Total Cash (Recent Filing)$26.05M
Total Debt (Recent Filing)$163.50M
Price to Earnings (P/E)14.5
Beta1.02
Next Earnings
Aug 05, 2026EPS Estimate
0.23Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.70
Shares Outstanding54,062,157
10 Day Avg. Volume649,742
30 Day Avg. Volume546,320
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)175.09
Price to Sales (P/S)0.65
P/FCF Ratio11.16
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue0.59
Enterprise Value/Gross Profit3.93
Enterprise Value/Ebitda-16.75
Forecast
1Y Price Target
$12.80Price Target Upside27.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.03
Revenue Forecast (FY)$1.27B
Bulls Say, Bears Say
Bulls Say
Insurance-focused Marketplace With Network EffectsMediaAlpha’s verticalized, performance marketplace captures high-intent insurance demand and retains the spread between advertisers and publishers. This take-rate model and multi-channel supply create durable revenue drivers and network effects as carriers and publishers rely on its matching, supporting repeatable transaction volumes over years.
Strong Free Cash Flow OutlookManagement’s $90M–$100M FCF target, combined with positive TTM operating and free cash flow (~$40M), indicates cash conversion and capacity to fund buybacks, debt amortization and product investment. Sustainable FCF underpins financial flexibility and reduces reliance on external financing over the 2–6 month horizon and beyond.
Product Innovation And Scale Leveraging AI/LLMsIntroducing AI-driven shopping experiences and citing LLM-driven ad monetization position MediaAlpha to capture structural shifts in digital referral traffic. Combined with its scale in insurance distribution, product innovation strengthens differentiation, improves lead quality potential, and supports medium-term growth as carriers adapt to new consumer touchpoints.
Bears Say
Elevated Leverage And Thin Equity BaseDebt-to-equity of ~3.7x and a very thin equity cushion leave the company sensitive to earnings volatility and raise refinancing or covenant risk despite extended maturities. Limited equity means losses or cash drains can quickly impair balance-sheet flexibility and constrain strategic options during adverse cycles.
Uneven Operating Profitability And Low Gross MarginsLow gross margin (~15%) and volatile operating metrics—with the latest period showing negative EBITDA—limit operating leverage and resilience. Inconsistent profitability undermines the company’s ability to absorb advertising seasonality or underwriting shocks and complicates predictable reinvestment or deleveraging plans.
Reduced Transparency And Narrowing Product MixCeasing disclosure of transaction value removes a key scale metric that investors and partners use to assess marketplace depth, hampering benchmarking. Concurrently shrinking under‑65 Health exposure reduces vertical diversification, concentrating revenue on fewer insurance segments and increasing sensitivity to P&C cycles.
MediaAlpha News
MAX FAQ
What was Mediaalpha, Inc.’s price range in the past 12 months?
Mediaalpha, Inc. lowest stock price was $7.09 and its highest was $13.92 in the past 12 months.
What is Mediaalpha, Inc.’s market cap?
Mediaalpha, Inc.’s market cap is $631.61M.
When is Mediaalpha, Inc.’s upcoming earnings report date?
Mediaalpha, Inc.’s upcoming earnings report date is Aug 05, 2026 which is in 44 days.
How were Mediaalpha, Inc.’s earnings last quarter?
Mediaalpha, Inc. released its earnings results on Apr 29, 2026. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.256 by -$0.046.
Is Mediaalpha, Inc. overvalued?
According to Wall Street analysts Mediaalpha, Inc.’s price is currently Undervalued.
Does Mediaalpha, Inc. pay dividends?
Mediaalpha, Inc. does not currently pay dividends.
What is Mediaalpha, Inc.’s EPS estimate?
Mediaalpha, Inc.’s EPS estimate is 0.23.
How many shares outstanding does Mediaalpha, Inc. have?
Mediaalpha, Inc. has 54,062,157 shares outstanding.
What happened to Mediaalpha, Inc.’s price movement after its last earnings report?
Mediaalpha, Inc. reported an EPS of $0.21 in its last earnings report, missing expectations of $0.256. Following the earnings report the stock price went down -14.9%.
Which hedge fund is a major shareholder of Mediaalpha, Inc.?
Currently, no hedge funds are holding shares in MAX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
MediaAlpha Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$12.80 (27.24% Upside)
$12.80 (27.24% Upside)
Blogger Sentiment
Bullish
MAX Sentiment 70%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Increased
By 14.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 9.0%
Last 30 Days ▼ 9.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.15%
12-Months-Change
Fundamentals
Return on Equity
-568.82%
Trailing 12-Months
Asset Growth
53.23%
Trailing 12-Months
Company Description
Mediaalpha, Inc.
MediaAlpha, Inc. (MAX) runs a dedicated platform in the United States designed to enhance customer acquisition within the insurance sector. It specializes in streamlining the process of attracting new clients across various insurance segments, including property and casualty, health, and life coverage. The company was established in 2014, is based in Los Angeles, California, and functions as a subsidiary of White Mountains Insurance Group, Ltd.
MAX Company Deck
MAX Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: revenue and adjusted EBITDA beat guidance, core business growth (ex‑under‑65 Health) was strong (+28% YoY), contribution‑focused guidance implies healthy mid‑teens to high‑teens YoY growth for Q2, and management set a robust free cash flow target ($90M–$100M) while executing on share repurchases and refinancing to extend maturities. Notable negatives included a low cash balance in Q1 driven by one‑time payments (FTC, bonuses, tax receivable), a strategic de‑emphasis of under‑65 Health (reducing near‑term contribution), the decision to stop reporting transaction value (which may reduce metric transparency for some investors), and an expectation that growth will moderate in the back half of 2026 amid macro and underwriting uncertainty. On balance, the positives (beats, strong core growth, product/LLM tailwinds, shareholder returns and FCF outlook) outweigh the negatives.View all MAX earnings summariesMAX Stock 12 Month Forecast
Average Price Target
$12.80
▲(27.24% Upside)
Technical Analysis
Ownership Overview
14.66% Insiders
10.38% Mutual Funds
51.92% Other Institutional Investors
14.52% Public Companies and
Individual Investors