MediaAlpha (NYSE:MAX) Insider Sells 138,806 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 138,806 shares of MediaAlpha stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $14.78, for a total value of $2,051,552.68. Following the transaction, the insider directly owned 2,174,901 shares in the company, valued at $32,145,036.78. The trade was a 6.00% decrease in their ownership of the stock. The sale 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.

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

• On Wednesday, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The shares were sold at an average price of $15.50, for a total value of $2,342,499.50.
• On Tuesday, November 3rd, Steven Yi sold 130,065 shares of MediaAlpha stock. The shares were sold at an average price of $15.05, for a total value of $1,957,478.25.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The shares were sold at an average price of $11.01, for a total value of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total value of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.38, for a total value of $594,240.00.

MediaAlpha Trading Down 0.9%

Shares of MediaAlpha stock traded down $0.13 during midday trading on Wednesday, reaching $15.02. The company had a trading volume of 2,336,871 shares, compared to its average volume of 1,167,518. The stock has a fifty day moving average price of $11.36 and a 200 day moving average price of $10.69. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $920.00 million, a PE ratio of 8.25 and a beta of 1.12. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $15.99.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.28 by $0.18. The business had revenue of $375.95 million for the quarter, compared to analysts’ expectations of $347.93 million. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. On average, equities analysts anticipate that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAX has been the topic of a number of analyst reports. Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Royal Bank Of Canada lifted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of MediaAlpha from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Wall Street Zen lowered shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.71.

MediaAlpha News Roundup

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its stake 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 valued at $36,000 after purchasing an additional 2,777 shares in the last quarter. Covestor Ltd raised its holdings in shares of MediaAlpha by 21.2% during the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock valued at $56,000 after purchasing an additional 1,011 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of MediaAlpha during the first quarter valued at about $85,000. State of Wyoming bought a new position in shares of MediaAlpha during the 3rd quarter worth about $109,000. Finally, Glenmede Trust Co. NA bought a new position in shares of MediaAlpha during the 1st quarter worth about $122,000. 64.39% of the stock is owned by institutional investors.

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.