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)623.29K
Market Cap
$553.67M
Enterprise Value$462.27M
Total Cash (Recent Filing)$26.05M
Total Debt (Recent Filing)$7.17M
Price to Earnings (P/E)12.7
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. Volume519,857
30 Day Avg. Volume623,295
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)175.09
Price to Sales (P/S)0.65
P/FCF Ratio11.16
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit2.68
Enterprise Value/Ebitda-11.40
Forecast
1Y Price Target
$13.20Price Target Upside31.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.03
Revenue Forecast (FY)$1.27B
Bulls Say, Bears Say
Bulls Say
Marketplace Scale And Network EffectsMediaAlpha's large, insurance-focused marketplace and broad publisher/demand relationships create durable network effects. $2.2B in ad spend and 141M referrals indicate entrenched scale across P&C, health and life verticals, supporting steady lead flow, pricing leverage, and competitive advantage over time.
Consistent Cash GenerationPositive and closely tracking free cash flow provides durable financial flexibility. Reliable FCF conversion of earnings supports debt servicing, share repurchases, and reinvestment in AI/product capabilities, making multi-year capital allocation and stated $90M–$100M FCF targets more credible.
Extended Debt Maturities And LiquidityRefinancing into a five-year term loan and revolver materially extends maturities, lowering near-term refinancing risk. The secured facilities and undrawn revolver increase liquidity headroom to fund operations, buybacks, and product investment, strengthening medium-term financial stability.
Bears Say
High Leverage And Thin Equity BaseA high debt-to-equity ratio and a very small equity base leave limited balance-sheet cushion against shocks. This amplifies solvency and covenant risk if revenue or margins deteriorate, constrains strategic optionality, and makes the company sensitive to earnings volatility over the medium term.
Uneven Operating ProfitabilityVolatile margins and a recent negative EBITDA reduce predictability of core operating earnings and cash flow. Low gross margin (~15%) limits operating leverage and makes the business more dependent on bottom-line gains, increasing the risk that short-term disruptions erode sustainable profitability.
Reduced Disclosure Of Marketplace ScaleCeasing transaction value disclosure removes a key structural metric for assessing marketplace volume and customer acquisition economics. This diminishes transparency into long-term growth drivers and unit economics, making it harder for investors and partners to monitor sustained market-share and scale trends.
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 $553.67M.
When is Mediaalpha, Inc.’s upcoming earnings report date?
Mediaalpha, Inc.’s upcoming earnings report date is Aug 05, 2026 which is in 62 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
Underperform
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10
Analyst Consensus
Strong Buy
Average Price Target:
$13.20 (31.21% Upside)
$13.20 (31.21% 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.
Insider Transactions
Sold Shares
Worth $8.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 9.9%
Last 30 Days ▼ 9.9%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.20%
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., through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California. MediaAlpha, Inc. is 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
$13.20
▲(31.21% Upside)
Technical Analysis
Ownership Overview
14.82% Insiders
10.38% Mutual Funds
51.92% Other Institutional Investors
14.75% Public Companies and
Individual Investors