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

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $8.89, for a total value of $26,670.00. Following the transaction, the chief technology officer owned 569,985 shares in the company, valued at $5,067,166.65. This represents a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.

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

• On Friday, May 15th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.05, for a total value of $96,600.00.
• On Friday, April 10th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.25, for a total value of $27,750.00.
• On Friday, March 27th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.44, for a total value of $28,320.00.

MediaAlpha Trading Up 4.9%

Shares of MAX stock opened at $9.08 on Friday. The company has a market capitalization of $565.95 million, a P/E ratio of 14.18 and a beta of 1.16. The business’s 50 day moving average is $9.13 and its two-hundred day moving average is $10.29. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $13.92.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The business had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $298.91 million. MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, research analysts predict that MediaAlpha, Inc. will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

Several hedge funds and other institutional investors have recently made changes to their positions in MAX. Creative Planning acquired a new stake in shares of MediaAlpha in the second quarter valued at approximately $168,000. JPMorgan Chase & Co. increased its holdings in shares of MediaAlpha by 75.9% in the second quarter. JPMorgan Chase & Co. now owns 542,246 shares of the company’s stock valued at $5,938,000 after purchasing an additional 233,948 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of MediaAlpha by 29.3% in the second quarter. Legal & General Group Plc now owns 36,315 shares of the company’s stock valued at $398,000 after purchasing an additional 8,229 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of MediaAlpha by 34.4% in the second quarter. Rhumbline Advisers now owns 55,622 shares of the company’s stock valued at $609,000 after purchasing an additional 14,234 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of MediaAlpha in the second quarter valued at approximately $153,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAX. Royal Bank Of Canada reduced their target price on MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. JPMorgan Chase & Co. increased their target price on MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings raised MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. The Goldman Sachs Group reduced their target price on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Finally, Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.90.

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.