Added to YB: 2024-06-25
Pitch date: 2024-06-24
MAX [bearish]
MediaAlpha, Inc.
+15.36%
current return
Author Info
No bio for this author
Company Info
MediaAlpha, Inc., through its subsidiaries, operates an insurance customer acquisition platform in the United States.
Market Cap
$706.3M
Pitch Price
$15.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.93
P/E
-129.24
EV/Sales
0.70
Sector
Interactive Media and Services
Category
special_situation
$MAX in Hot Water: Allegations of Misleading Ads and Scammer Sales Threaten Revenue
$MAX: Short thesis - FTC investigating Health segment (47% rev) for deceptive ads & selling leads to scammers. Insiders dumping stock, changing comp to cash, shielding from liability. 400+ calls to aliases, 45% fake licenses, 20% claimed gov't. Misleading ads, fake gov programs. FCC 1:1 consent rule threat. WA lawsuit, $800k fine. FTC action likely devastating.
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