MediaAlpha (NYSE:MAX) Insider Sells $39,000.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $9.75, for a total value of $39,000.00. Following the completion of the sale, the insider directly owned 2,623,974 shares in the company, valued at approximately $25,583,746.50. The trade was a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The stock was sold at an average price of $9.86, for a total value of $55,709.00.
• On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.03, for a total value of $80,240.00.
• On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total value of $392,127.48.
• On Wednesday, February 25th, Steven Yi sold 12,748 shares of MediaAlpha stock. The shares were sold at an average price of $9.69, for a total value 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 stock was sold at an average price of $7.29, for a total value 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 shares were 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 transaction of $35,760.00.

MediaAlpha Price Performance

Shares of NYSE MAX opened at $9.90 on Friday. The company has a market cap of $638.68 million, a PE ratio of 25.39 and a beta of 1.30. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $13.92. The company has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $11.37.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.25. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The business had revenue of $291.16 million during the quarter, compared to analyst estimates of $296.42 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. On average, analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Hedge Funds Weigh In On MediaAlpha

A number of large investors have recently bought and sold shares of MAX. Divisadero Street Capital Management LP purchased a new stake in shares of MediaAlpha during the 2nd quarter valued at $952,000. JPMorgan Chase & Co. raised its position in shares of MediaAlpha by 95.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after buying an additional 516,195 shares during the period. Acadian Asset Management LLC raised its position 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 worth $5,823,000 after buying an additional 211,135 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in MediaAlpha by 21.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 26,254 shares of the company’s stock valued at $287,000 after acquiring an additional 4,583 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in MediaAlpha by 106.7% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,617 shares of the company’s stock valued at $379,000 after acquiring an additional 17,868 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

MAX has been the topic of a number of recent analyst reports. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Weiss Ratings raised MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group dropped their target price on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Zacks Research upgraded MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. decreased their price target on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MediaAlpha has a consensus rating of “Moderate Buy” and an average target price of $14.58.

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.