MediaAlpha (NYSE:MAX) Insider Sells $80,240.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00. Following the sale, the insider directly owned 2,641,624 shares in the company, valued at approximately $26,495,488.72. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The shares were sold at an average price of $9.99, for a total transaction of $392,127.48.
• On Wednesday, February 25th, Steven Yi sold 12,748 shares of MediaAlpha stock. The stock was sold at an average price of $9.69, for a total transaction of $123,528.12.
• On Monday, February 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.75, for a total value of $31,000.00.
• On Thursday, February 19th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.29, for a total transaction of $29,160.00.
• On Tuesday, February 17th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.16, for a total value of $28,640.00.
• On Wednesday, February 11th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.99, for a total transaction of $31,960.00.
• On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.74, for a total transaction of $34,960.00.
• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.94, for a total value of $35,760.00.
• On Monday, February 2nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.32, for a total value of $82,560.00.
• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.57, for a total transaction of $84,560.00.

MediaAlpha Stock Up 0.2%

Shares of MediaAlpha stock traded up $0.02 on Wednesday, reaching $10.26. The stock had a trading volume of 749,297 shares, compared to its average volume of 1,355,655. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92. The company has a 50 day moving average price of $10.31 and a 200 day moving average price of $11.41. The stock has a market capitalization of $661.77 million, a P/E ratio of 9.48 and a beta of 1.30.

MediaAlpha (NYSE:MAX) last released its earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.25. The company had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. MediaAlpha’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAX has been the topic of a number of research reports. Weiss Ratings raised shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, February 25th. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods cut their price target on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price objective on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group reduced their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.58.

Hedge Funds Weigh In On MediaAlpha

Large investors have recently bought and sold shares of the stock. Divisadero Street Capital Management LP acquired a new position in MediaAlpha in the 2nd quarter worth $952,000. Acadian Asset Management LLC increased its holdings in shares of MediaAlpha by 65.7% in the 2nd quarter. Acadian Asset Management LLC now owns 532,437 shares of the company’s stock valued at $5,823,000 after acquiring an additional 211,135 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of MediaAlpha by 651.7% during the second quarter. Teacher Retirement System of Texas now owns 149,933 shares of the company’s stock worth $1,642,000 after purchasing an additional 129,986 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in shares of MediaAlpha by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 26,254 shares of the company’s stock worth $287,000 after buying an additional 4,583 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of MediaAlpha by 106.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,617 shares of the company’s stock valued at $379,000 after buying an additional 17,868 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s stock.

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.