MediaAlpha, Inc. (NYSE:MAX – Get Free Report) insider Steven Yi sold 4,000 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $9.23, for a total transaction of $36,920.00. Following the completion of the sale, the insider directly owned 3,039,247 shares of the company’s stock, valued at approximately $28,052,249.81. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Steven Yi also recently made the following trade(s):
- On Wednesday, April 1st, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.15, for a total value of $36,600.00.
- On Wednesday, March 25th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.42, for a total value of $37,680.00.
- On Monday, March 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.67, for a total value of $38,680.00.
- On Wednesday, March 18th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.59, for a total value of $38,360.00.
- On Tuesday, March 17th, Steven Yi sold 5,227 shares of MediaAlpha stock. The shares were sold at an average price of $9.94, for a total value of $51,956.38.
- On Monday, March 16th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.93, for a total value of $39,720.00.
- On Tuesday, March 10th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.75, for a total transaction of $39,000.00.
- On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The shares were sold at an average price of $9.86, for a total transaction of $55,709.00.
- On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.03, for a total transaction of $80,240.00.
- On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The shares were sold at an average price of $9.99, for a total transaction of $392,127.48.
MediaAlpha Stock Performance
Shares of MAX opened at $9.38 on Friday. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $13.92. The company has a market capitalization of $604.69 million, a price-to-earnings ratio of 24.04 and a beta of 1.39. The firm has a 50-day simple moving average of $9.30 and a 200-day simple moving average of $11.17.
Hedge Funds Weigh In On MediaAlpha
A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of MediaAlpha by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 764,702 shares of the company’s stock valued at $8,375,000 after purchasing an additional 36,949 shares during the period. Creative Planning purchased a new position in MediaAlpha during the 2nd quarter valued at about $168,000. Intech Investment Management LLC grew its holdings in MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock valued at $203,000 after buying an additional 1,105 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of MediaAlpha by 75.9% during the second quarter. JPMorgan Chase & Co. now owns 542,246 shares of the company’s stock valued at $5,938,000 after buying an additional 233,948 shares during the period. Finally, Legal & General Group Plc lifted 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 worth $398,000 after buying an additional 8,229 shares in the last quarter. 64.39% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
MAX has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group dropped their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Wall Street Zen cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Royal Bank Of Canada reduced their price objective on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Zacks Research cut MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.90.
View Our Latest Stock Report on MAX
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.
Further Reading
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