MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 151,129 Shares of Company Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 151,129 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $15.50, for a total transaction of $2,342,499.50. Following the transaction, the insider owned 1,893,707 shares of the company’s stock, valued at approximately $29,352,458.50. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Tuesday, November 3rd, Steven Yi sold 130,065 shares of MediaAlpha stock. The shares were sold at an average price of $15.05, for a total transaction of $1,957,478.25.
• On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The stock was sold at an average price of $14.78, for a total transaction of $2,051,552.68.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The stock was sold at an average price of $11.01, for a total transaction of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total transaction of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.38, for a total transaction of $594,240.00.

MediaAlpha Stock Down 0.9%

NYSE MAX opened at $15.02 on Thursday. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a 50-day simple moving average of $11.40 and a 200 day simple moving average of $10.71. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $15.99. The stock has a market cap of $920.00 million, a PE ratio of 8.25 and a beta of 1.12.

MediaAlpha (NYSE:MAX) last released its earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. The business had revenue of $375.95 million for the quarter, compared to the consensus estimate of $347.93 million. On average, research analysts forecast that MediaAlpha, Inc. will post 1.47 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MAX. Keefe, Bruyette & Woods lifted their price objective on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Wall Street Zen lowered MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. The Goldman Sachs Group raised their target price on MediaAlpha from $10.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Royal Bank Of Canada raised their target price on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Finally, Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

Key MediaAlpha News

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

Institutional Investors Weigh In On MediaAlpha

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of MediaAlpha by 380.9% during the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after buying an additional 221,540 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MediaAlpha by 94.1% in the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after acquiring an additional 300,871 shares during the last quarter. Jacobs Asset Management LLC raised its stake in shares of MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after acquiring an additional 219,144 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of MediaAlpha in the 2nd quarter worth approximately $702,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of MediaAlpha by 288.7% in the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock worth $1,280,000 after acquiring an additional 102,210 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.