MediaAlpha (NYSE:MAX) CTO Sells $96,600.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $8.05, for a total value of $96,600.00. Following the transaction, the chief technology officer owned 572,985 shares in the company, valued at approximately $4,612,529.25. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, 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.
• On Friday, March 6th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.34, for a total value of $31,020.00.

MediaAlpha Price Performance

Shares of MediaAlpha stock opened at $8.29 on Friday. The stock has a market cap of $516.94 million, a P/E ratio of 12.95 and a beta of 1.16. The stock’s 50 day simple moving average is $9.33 and its 200-day simple moving average is $10.60. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $13.92.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MAX. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Triad Investment Management acquired a new position in MediaAlpha during the fourth quarter worth $3,567,000. Brookwood Investment Group LLC acquired a new position in MediaAlpha during the fourth quarter worth $296,000. FourThought Financial Partners LLC acquired a new position in MediaAlpha during the third quarter worth $281,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in MediaAlpha by 170.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 29,237 shares of the company’s stock worth $333,000 after purchasing an additional 18,429 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAX has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. JPMorgan Chase & Co. upped their price objective on MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their price objective on MediaAlpha from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Wall Street Zen cut MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.