MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $13.16, for a total value of $39,480.00. Following the completion of the sale, the chief technology officer owned 399,662 shares in the company, valued at approximately $5,259,551.92. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kuanling Amy Yeh also recently made the following trade(s):

• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total value of $161,880.00.

MediaAlpha Stock Performance

MediaAlpha stock opened at $13.00 on Friday. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The firm has a market capitalization of $847.04 million, a price-to-earnings ratio of -433.09 and a beta of 1.21. The stock’s fifty day moving average is $12.14 and its two-hundred day moving average is $11.36.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $306.51 million during the quarter, compared to the consensus estimate of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS. As a group, sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

Hedge funds have recently made changes to their positions in the business. Deutsche Bank AG grew its position in shares of MediaAlpha by 80.6% in the first quarter. Deutsche Bank AG now owns 180,691 shares of the company’s stock valued at $1,670,000 after purchasing an additional 80,620 shares during the period. Swiss National Bank lifted its position in MediaAlpha by 8.3% during the first quarter. Swiss National Bank now owns 69,400 shares of the company’s stock worth $641,000 after buying an additional 5,300 shares during the period. Nuveen LLC acquired a new stake in MediaAlpha in the 1st quarter worth about $4,675,000. Algert Global LLC grew its holdings in MediaAlpha by 65.0% in the 1st quarter. Algert Global LLC now owns 225,300 shares of the company’s stock valued at $2,082,000 after buying an additional 88,791 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in MediaAlpha by 21.7% in the 1st quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock valued at $472,000 after buying an additional 8,981 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MAX shares. Keefe, Bruyette & Woods increased their price target on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a report on Thursday, October 30th. Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.