Insider Selling: MediaAlpha (NYSE:MAX) CTO Sells $87,720.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $7.31, for a total transaction of $87,720.00. Following the completion of the transaction, the chief technology officer directly owned 381,662 shares of the company’s stock, valued at $2,789,949.22. This trade represents a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total value of $34,440.00.
• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.95, for a total value of $38,850.00.
• On Friday, December 12th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.16, for a total value of $39,480.00.
• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.49, for a total value of $161,880.00.

MediaAlpha Stock Performance

Shares of MediaAlpha stock opened at $7.66 on Friday. The company has a market capitalization of $499.20 million, a PE ratio of -255.25 and a beta of 1.29. The company has a 50-day simple moving average of $10.88 and a two-hundred day simple moving average of $11.45. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $13.92.

Hedge Funds Weigh In On MediaAlpha

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its position in MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after acquiring an additional 1,105 shares during the period. Hsbc Holdings PLC raised its stake in shares of MediaAlpha by 2.3% in the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after purchasing an additional 1,144 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares during the period. Quarry LP boosted its position in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after buying an additional 1,234 shares during the last quarter. Finally, Corton Capital Inc. boosted its position in MediaAlpha by 8.2% in the second quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after buying an additional 1,425 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a report on Friday, October 31st. JPMorgan Chase & Co. raised their price objective on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Keefe, Bruyette & Woods upped their target price on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.25.

MediaAlpha Company Profile

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.