MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 4,000 Shares

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $9.15, for a total value of $36,600.00. Following the completion of the sale, the insider directly owned 3,031,247 shares of the company’s stock, valued at approximately $27,735,910.05. The trade was a 0.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, March 30th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.23, for a total value of $36,920.00.
• On Wednesday, March 25th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.42, for a total transaction of $37,680.00.
• On Monday, March 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.67, for a total transaction of $38,680.00.
• On Wednesday, March 18th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.59, for a total transaction of $38,360.00.
• On Tuesday, March 17th, Steven Yi sold 5,227 shares of MediaAlpha stock. The stock was sold at an average price of $9.94, for a total transaction of $51,956.38.
• On Monday, March 16th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00.
• On Tuesday, March 10th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.75, for a total transaction of $39,000.00.
• 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 transaction of $55,709.00.
• On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00.
• 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.

MediaAlpha Stock Up 0.1%

MediaAlpha stock traded up $0.01 during trading hours on Thursday, reaching $9.09. 96,262 shares of the company’s stock were exchanged, compared to its average volume of 831,353. The firm’s 50 day simple moving average is $9.34 and its 200 day simple moving average is $11.18. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $13.92. The firm has a market capitalization of $586.27 million, a PE ratio of 23.29 and a beta of 1.30.

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

Analyst Ratings Changes

Several analysts have recently commented on MAX shares. Keefe, Bruyette & Woods reduced their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. 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 cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Finally, The Goldman Sachs Group decreased their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.58.

Institutional Investors Weigh In On MediaAlpha

Several hedge funds and other institutional investors have recently modified their holdings of the company. Divisadero Street Capital Management LP acquired a new stake in MediaAlpha in the 2nd quarter valued at $952,000. JPMorgan Chase & Co. raised its holdings in MediaAlpha by 95.2% during the third 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 last quarter. Triad Investment Management acquired a new position in MediaAlpha during the fourth quarter worth $3,567,000. Strs Ohio bought a new position in shares of MediaAlpha in the fourth quarter valued at $49,000. Finally, CWM LLC grew its holdings in shares of MediaAlpha by 10.1% during the fourth quarter. CWM LLC now owns 42,278 shares of the company’s stock valued at $548,000 after buying an additional 3,895 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

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.