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

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $12.99, for a total value of $106,582.95. Following the completion of the sale, the director owned 951,344 shares in the company, valued at $12,357,958.56. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 26th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.55, for a total value of $97,613.90.
• On Wednesday, August 26th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.56, for a total value of $33,497.52.
• On Monday, August 24th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.99, for a total transaction of $42,633.18.
• On Wednesday, August 19th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.23, for a total transaction of $108,552.15.
• On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.20, for a total transaction of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.78, for a total transaction of $104,859.90.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total transaction of $42,075.24.
• On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total transaction of $104,859.90.
• 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.

MediaAlpha Trading Down 1.9%

NYSE:MAX opened at $12.61 on Thursday. The stock has a market capitalization of $772.49 million, a P/E ratio of 7.78 and a beta of 1.11. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70. The firm has a 50 day moving average of $12.91 and a 200-day moving average of $10.48.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $300.87 million. As a group, analysts forecast that MediaAlpha, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAX. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. TD Cowen lowered their price objective on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, June 23rd. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a research note on Tuesday, June 9th. Royal Bank Of Canada upped their target price on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Trending Headlines about MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: Zacks Research upgraded MediaAlpha from “strong sell” to “hold,” reducing a previously negative analyst stance. The change may offer some support, although “hold” still indicates limited near-term conviction. Zacks Research
• Neutral Sentiment: JPMorgan initiated coverage of MediaAlpha. The article provided does not specify the bank’s rating or price target, so the immediate investment signal is unclear. New coverage could improve institutional visibility if JPMorgan issues a favorable outlook. JPMorgan Initiates Coverage on MediaAlpha
• Negative Sentiment: Director Eugene Nonko sold a combined 21,932 MediaAlpha shares for approximately $280,328 in transactions on August 24 and August 26. The sales could weigh on sentiment, but they were conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards. The transactions reduced his holdings by less than 1% in each reported position, and he continues to own substantial MediaAlpha shares. SEC Insider Trading Filing

Institutional Trading of MediaAlpha

Several institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning acquired a new position in shares of MediaAlpha in the 2nd quarter valued at $168,000. JPMorgan Chase & Co. grew its stake in shares of MediaAlpha by 75.9% during the second quarter. JPMorgan Chase & Co. now owns 542,246 shares of the company’s stock worth $5,938,000 after purchasing an additional 233,948 shares during the period. Legal & General Group Plc grew its stake in shares of MediaAlpha by 29.3% during the second quarter. Legal & General Group Plc now owns 36,315 shares of the company’s stock worth $398,000 after purchasing an additional 8,229 shares during the period. Rhumbline Advisers grew its stake in shares of MediaAlpha by 34.4% during the second quarter. Rhumbline Advisers now owns 55,622 shares of the company’s stock worth $609,000 after purchasing an additional 14,234 shares during the period. Finally, XTX Topco Ltd bought a new stake in MediaAlpha in the second quarter valued at about $153,000. 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.