MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 4,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $7.99, for a total transaction of $31,960.00. Following the completion of the sale, the insider directly owned 2,703,330 shares of the company’s stock, valued at approximately $21,599,606.70. This trade represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.74, for a total transaction of $34,960.00.
• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.94, for a total transaction of $35,760.00.
• On Monday, February 2nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.32, for a total transaction of $82,560.00.
• 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 Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.89, for a total value of $87,120.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was 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 stock was 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 value 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 value 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 value of $93,280.00.

MediaAlpha Price Performance

MAX opened at $7.67 on Thursday. The company has a market capitalization of $499.74 million, a P/E ratio of -255.51 and a beta of 1.29. The firm’s fifty day moving average price is $11.59 and its two-hundred day moving average price is $11.57. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92.

Wall Street Analyst Weigh In

A number of research analysts have commented on MAX shares. Canaccord Genuity Group restated a “buy” rating and set a $15.00 price target on shares of MediaAlpha in a research note on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a research report on Friday, October 31st. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Zacks Research lowered MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.25.

Institutional Investors Weigh In On MediaAlpha

A number of hedge funds and other institutional investors have recently bought and sold shares of MAX. Janney Montgomery Scott LLC acquired a new position in MediaAlpha in the second quarter worth $895,000. CWM LLC lifted its position in MediaAlpha by 37.3% during the 2nd quarter. CWM LLC now owns 22,681 shares of the company’s stock worth $248,000 after buying an additional 6,158 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in MediaAlpha during the 2nd quarter worth about $219,000. Y Intercept Hong Kong Ltd grew its holdings in MediaAlpha by 519.1% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 162,747 shares of the company’s stock worth $1,782,000 after acquiring an additional 136,459 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in MediaAlpha by 651.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 149,933 shares of the company’s stock valued at $1,642,000 after acquiring an additional 129,986 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

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.