MediaAlpha (NYSE:MAX) Insider Sells $36,560.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $9.14, for a total transaction of $36,560.00. Following the transaction, the insider owned 2,879,690 shares in the company, valued at $26,320,366.60. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.

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

• On Monday, May 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.05, for a total transaction of $36,200.00.
• On Wednesday, April 29th, Steven Yi sold 26,739 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $267,390.00.
• On Tuesday, April 28th, Steven Yi sold 6,565 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $65,650.00.
• On Monday, April 27th, Steven Yi sold 33,663 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total transaction of $336,293.37.
• On Wednesday, April 22nd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.88, for a total transaction of $39,520.00.
• On Tuesday, April 21st, Steven Yi sold 16,047 shares of MediaAlpha stock. The shares were sold at an average price of $10.08, for a total transaction of $161,753.76.
• On Monday, April 20th, Steven Yi sold 28,543 shares of MediaAlpha stock. The shares were sold at an average price of $10.06, for a total transaction of $287,142.58.
• On Wednesday, April 15th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.68, for a total transaction of $38,720.00.
• On Monday, April 13th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.07, for a total transaction of $36,280.00.
• On Wednesday, April 8th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.78, for a total transaction of $39,120.00.

MediaAlpha Stock Performance

Shares of MAX opened at $9.16 on Friday. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92. The firm has a market cap of $590.50 million, a P/E ratio of 14.30 and a beta of 1.16. The firm’s 50-day simple moving average is $9.64 and its 200 day simple moving average is $10.82.

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

Institutional Trading of MediaAlpha

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of MediaAlpha by 5,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after acquiring an additional 2,124 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of MediaAlpha by 9,917.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after acquiring an additional 2,777 shares during the period. Strs Ohio bought a new stake in shares of MediaAlpha during the 4th quarter worth approximately $49,000. Quarry LP lifted its holdings in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after acquiring an additional 1,234 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after acquiring an additional 1,213 shares during the period. Institutional investors own 64.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MAX shares. Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. JPMorgan Chase & Co. boosted their price objective on shares of MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. The Goldman Sachs Group cut their price objective on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.