MediaAlpha (NYSE:MAX) Insider Sells $87,120.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of MediaAlpha stock in a transaction on Monday, January 26th. The shares were sold at an average price of $10.89, for a total value of $87,120.00. Following the sale, the insider directly owned 2,751,330 shares of the company’s stock, valued at approximately $29,961,983.70. The trade was a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.57, for a total value of $84,560.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total value of $89,600.00.
• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total value of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.51, for a total transaction of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.66, for a total transaction of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total transaction of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.94, for a total transaction of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total transaction of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total value of $101,360.00.

MediaAlpha Stock Down 2.3%

Shares of NYSE:MAX traded down $0.25 on Wednesday, reaching $10.48. The company had a trading volume of 410,394 shares, compared to its average volume of 493,150. The stock has a market capitalization of $682.68 million, a P/E ratio of -349.05 and a beta of 1.21. The stock has a 50-day moving average price of $12.29 and a 200 day moving average price of $11.68. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $13.92.

MediaAlpha (NYSE:MAX) last issued 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 return on equity of 71.02% and a negative net margin of 0.10%.The business had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. During the same period last year, the business earned $0.17 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MAX shares. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price objective on shares of MediaAlpha in a research note on Thursday, October 30th. Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Keefe, Bruyette & Woods increased their target price on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Finally, The Goldman Sachs Group set a $13.50 price objective on MediaAlpha in a research report on Friday, October 31st. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MediaAlpha has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its stake in shares of MediaAlpha by 680.9% in the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after buying an additional 1,246,493 shares in the last quarter. Victory Capital Management Inc. increased its stake in MediaAlpha by 1,261.9% in the third quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock valued at $8,089,000 after acquiring an additional 658,625 shares during the period. JPMorgan Chase & Co. raised its position in MediaAlpha by 95.2% in 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. Lazard Asset Management LLC acquired a new position in MediaAlpha in the second quarter worth about $4,268,000. Finally, Lighthouse Investment Partners LLC lifted its stake in MediaAlpha by 831.7% during the third quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company’s stock worth $4,028,000 after purchasing an additional 315,943 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.