Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells 8,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $12.67, for a total transaction of $101,360.00. Following the completion of the sale, the insider owned 2,855,330 shares in the company, valued at $36,177,031.10. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.86, for a total transaction of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total value of $102,560.00.
• On Monday, December 15th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.88, for a total value of $103,040.00.
• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.50, for a total value of $108,000.00.
• On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.07, for a total value of $104,560.00.
• On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.37, for a total value of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.60, for a total value of $100,800.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total value of $99,840.00.
• On Monday, November 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.88, for a total transaction of $95,040.00.
• On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.72, for a total transaction of $93,760.00.

MediaAlpha Stock Performance

NYSE MAX traded up $0.11 during mid-day trading on Monday, reaching $12.80. 297,097 shares of the stock were exchanged, compared to its average volume of 522,371. The company has a market capitalization of $833.85 million, a P/E ratio of -426.36 and a beta of 1.21. The business’s 50 day moving average is $12.52 and its 200-day moving average is $11.53. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data 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 company had revenue of $306.51 million during the quarter, compared to analysts’ expectations of $283.30 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MAX. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 22nd. Canaccord Genuity Group reiterated a “buy” rating and set 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 shares of MediaAlpha in a report on Friday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MediaAlpha has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its stake in MediaAlpha by 43.3% during the 3rd 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 last quarter. Tower Research Capital LLC TRC lifted its stake in shares of MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after buying an additional 1,213 shares in the last quarter. Raymond James Financial Inc. acquired a new position in MediaAlpha during the second quarter worth about $62,000. Semanteon Capital Management LP acquired a new position in MediaAlpha during the second quarter worth about $110,000. Finally, Pallas Capital Advisors LLC purchased a new stake in MediaAlpha during the 2nd quarter valued at about $111,000. Hedge funds and other 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.