MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 8,000 Shares

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $11.20, for a total value of $89,600.00. Following the sale, the insider owned 2,759,330 shares of the company’s stock, valued at approximately $30,904,496. The trade was a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Yi also recently made the following trade(s):

• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total transaction of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.51, for a total transaction of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total transaction of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.98, for a total transaction of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.94, for a total value of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total value of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total value of $101,360.00.
• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.86, for a total value of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total transaction of $102,560.00.

MediaAlpha Trading Up 1.0%

Shares of MediaAlpha stock traded up $0.11 during trading on Thursday, reaching $11.17. The company’s stock had a trading volume of 296,607 shares, compared to its average volume of 460,386. The company has a 50-day moving average price of $12.40 and a two-hundred day moving average price of $11.66. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The firm has a market cap of $727.95 million, a PE ratio of -372.21 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $306.51 million during the quarter, compared to analysts’ expectations of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. MediaAlpha’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. On average, analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

Several institutional investors have recently made changes to their positions in MAX. Quarry LP grew its stake in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the period. Raymond James Financial Inc. purchased a new stake in MediaAlpha during the second quarter worth about $62,000. Semanteon Capital Management LP acquired a new position in MediaAlpha during the second quarter worth about $110,000. Finally, Invesco Ltd. purchased a new position in MediaAlpha in the second quarter valued at about $117,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAX has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. Keefe, Bruyette & Woods upped their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price target on shares of MediaAlpha in a report on Thursday, October 30th. Zacks Research cut shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Finally, Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.25.

About MediaAlpha

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.