Investigation announced for Investors who lost money with shares of MediaAlpha, Inc. (NYSE: MAX)

An investigation was announced over potential securities laws violations by MediaAlpha, Inc. in connection with certain financial statements.

Investors who purchased shares of MediaAlpha, Inc. (NYSE: MAX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by MediaAlpha, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Los Angeles, CA based MediaAlpha, Inc., through its subsidiaries, operates an insurance customer acquisition platform in the United States. MediaAlpha, Inc. reported that its annual Total Revenue declined from $459.07 million in 2022 to $388.14 million in 2023, and that its Net Loss declined from $57.66 million in 2022 to $40.42 million in 2023.

On June 24, 2024, Wolfpack Research issued a report entitled "MAX: Our Investigation Reveals MAX Is Participating in Consumer Fraud." In pertinent part, Wolfpack announced that it was "short the insurance lead generator, MediaAlpha, Inc. (NYSE: MAX) following our research into the company's [Health Insurance] segment[.]"

Shares of MediaAlpha, Inc. (NYSE: MAX) declined from $22.81 per share on March 07, 2024, to as low as $12.11 per share on July 05, 2024.

Those who purchased shares of MediaAlpha, Inc. (NYSE: MAX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.