Eugene Nonko Sells 8,205 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $12.78, for a total value of $104,859.90. Following the sale, the director directly owned 984,164 shares of the company’s stock, valued at approximately $12,577,615.92. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.89, for a total transaction of $42,304.98.
• On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.57, for a total transaction of $111,341.85.
• On Monday, August 10th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.30, for a total transaction of $43,650.60.
• On Tuesday, August 4th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.45, for a total transaction of $96,836.10.
• On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.50, for a total transaction of $33,337.50.
• On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total transaction of $102,398.40.
• On Monday, August 3rd, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.54, for a total transaction of $41,156.28.
• On Wednesday, July 29th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.05, for a total transaction of $133,812.20.
• On Wednesday, July 29th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The stock was sold at an average price of $14.05, for a total transaction of $69,575.60.
• On Tuesday, July 28th, Eugene Nonko sold 10,843 shares of MediaAlpha stock. The stock was sold at an average price of $13.78, for a total value of $149,416.54.

MediaAlpha Price Performance

Shares of NYSE:MAX opened at $13.30 on Friday. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70. The company has a market cap of $814.57 million, a PE ratio of 8.21 and a beta of 1.11. The stock’s 50-day moving average is $12.29 and its 200 day moving average is $10.28.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The business had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. Analysts expect that MediaAlpha, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its position in MediaAlpha by 5,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after acquiring an additional 2,124 shares during the period. Rockefeller Capital Management L.P. grew its holdings in MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after purchasing an additional 2,777 shares during the period. Quarry LP grew its holdings in MediaAlpha by 43.3% in the third 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. Strs Ohio bought a new position in shares of MediaAlpha during the fourth quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC increased its stake 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 valued at $61,000 after purchasing an additional 1,213 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Texas Capital raised MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods lifted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group boosted their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price target on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.86.

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.