Eugene Nonko Sells 6,700 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $12.33, for a total value of $82,611.00. Following the completion of the sale, the director owned 1,696,820 shares in the company, valued at $20,921,790.60. The trade was a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 19th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.63, for a total value of $77,921.00.
• On Wednesday, November 19th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.63, for a total transaction of $62,802.00.
• On Monday, November 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.33, for a total transaction of $66,582.00.

MediaAlpha Stock Down 2.8%

Shares of MAX stock traded down $0.34 during trading on Wednesday, reaching $11.55. The company’s stock had a trading volume of 483,776 shares, compared to its average volume of 532,244. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $13.85. The business has a fifty day moving average price of $11.99 and a 200-day moving average price of $11.05. The company has a market cap of $752.39 million, a price-to-earnings ratio of -384.71 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last released its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business had revenue of $306.51 million during the quarter, compared to the consensus estimate of $283.30 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. MediaAlpha has set its Q4 2025 guidance at EPS. Research 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 made changes to their positions in MAX. Clearline Capital LP grew its stake in shares of MediaAlpha by 123.4% in the first quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock valued at $24,531,000 after acquiring an additional 1,466,760 shares in the last quarter. Millennium Management LLC boosted its holdings in MediaAlpha by 680.9% in the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after purchasing an additional 1,246,493 shares during the period. Victory Capital Management Inc. boosted its holdings in MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock valued at $8,089,000 after purchasing an additional 658,625 shares during the period. Broad Bay Capital Management LP grew its position in shares of MediaAlpha by 23.8% during the 1st quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company’s stock worth $25,389,000 after purchasing an additional 529,093 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 516,195 shares during the period. Institutional investors own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MAX shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a research note on Friday, October 31st. Keefe, Bruyette & Woods boosted their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research note on Thursday, November 13th. Finally, Wall Street Zen raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MediaAlpha currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

MediaAlpha Company Profile

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.