Latest news with #MediaAlpha
Globe and Mail
02-05-2025
- Business
- Globe and Mail
Analysts Offer Insights on Communication Services Companies: Meta Platforms (META), MediaAlpha (MAX) and Frontier Communications Parent (FYBR)
Analysts have been eager to weigh in on the Communication Services sector with new ratings on Meta Platforms (META – Research Report), MediaAlpha (MAX – Research Report) and Frontier Communications Parent (FYBR – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Meta Platforms (META) In a report released today, Ronald Josey from Citi reiterated a Buy rating on Meta Platforms, with a price target of $690.00. The company's shares closed last Wednesday at $549.00. According to Josey is a top 100 analyst with an average return of 21.3% and a 54.1% success rate. Josey covers the NA sector, focusing on stocks such as Getty Images Holdings, Zillow Group Class A, and Fiverr International. ;'> Currently, the analyst consensus on Meta Platforms is a Strong Buy with an average price target of $685.35, a 27.3% upside from current levels. In a report issued on April 16, Cantor Fitzgerald also maintained a Buy rating on the stock with a $624.00 price target. MediaAlpha (MAX) In a report released today, Thomas McJoynt Griffith from KBW reiterated a Buy rating on MediaAlpha, with a price target of $17.00. The company's shares closed last Wednesday at $8.40, close to its 52-week low of $8.21. According to Griffith is a 5-star analyst with an average return of 22.6% and a 52.8% success rate. Griffith covers the Financial sector, focusing on stocks such as Hamilton Insurance Group, Ltd. Class B, GooseHead Insurance, and TWFG, Inc. Class A. ;'> Currently, the analyst consensus on MediaAlpha is a Strong Buy with an average price target of $16.00, implying an 87.4% upside from current levels. In a report issued on April 22, J.P. Morgan also maintained a Buy rating on the stock with a $10.00 price target. Frontier Communications Parent (FYBR) Wells Fargo analyst Caleb Stein reiterated a Hold rating on Frontier Communications Parent yesterday and set a price target of $38.50. The company's shares closed last Wednesday at $36.25, close to its 52-week high of $39.21. Stein has an average return of 54.9% when recommending Frontier Communications Parent. ;'> According to Stein is ranked #2241 out of 9437 analysts. Frontier Communications Parent has an analyst consensus of Moderate Sell, with a price target consensus of $38.50.
Associated Press
05-03-2025
- Business
- Associated Press
Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating MediaAlpha Inc. for potential violations of securities laws
NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP ('Wolf Haldenstein'), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MediaAlpha Inc. (NYSE: MAX).('MediaAlpha' or the 'Company'). The investigation concerns whether MediaAlpha and certain of its officers and/or directors have engaged in securities fraud. MediaAlpha aims to help insurance carriers and distributors target and acquire consumers more efficiently and at greater scale through technology and data science. The Company's technology platform brings together leading insurance carriers and high-intent consumers through a real-time, programmatic, transparent, and results-driven ecosystem. MediaAlpha claims to be the largest online customer acquisition platform in the core verticals of property & casualty insurance, health insurance and life insurance. On November 4, 2024, MediaAlpha disclosed receipt of a letter from the FTC, which stated that the FTC was 'prepared to recommend the filing of a complaint against the Company' claiming that MediaAlpha falsely 'represented itself as affiliated with government entities, made misleading claims (in particular regarding health insurance products and use of consumers' personal information) and utilized deceptive advertising.' On this news, MediaAlpha's stock declined $4.46 per share or 27.7% to close at $11.62 per share. Wolf Haldenstein has experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas, and offices in New York, Chicago, Nashville and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly lauded by the courts, which have appointed it to major positions in complex securities, multi-district and consolidated litigation. Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at [email protected]. Contact: Wolf Haldenstein Adler Freeman & Herz LLP This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
