MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 8,000 Shares

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $12.65, for a total value of $101,200.00. Following the sale, the insider owned 2,847,330 shares in the company, valued at $36,018,724.50. The trade was a 0.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.94, for a total transaction of $103,520.00.
• 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.
• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.86, for a total transaction of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total transaction of $102,560.00.
• On Monday, December 15th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.88, for a total value of $103,040.00.
• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total value of $108,000.00.
• On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.07, for a total transaction of $104,560.00.
• On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.37, for a total value of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.60, for a total value of $100,800.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total transaction of $99,840.00.

MediaAlpha Price Performance

Shares of MediaAlpha stock traded down $0.05 on Wednesday, reaching $12.98. 358,236 shares of the company were exchanged, compared to its average volume of 520,853. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92. The stock’s 50 day moving average price is $12.60 and its 200-day moving average price is $11.55. The company has a market cap of $845.93 million, a P/E ratio of -432.52 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $306.51 million during the quarter, compared to analysts’ expectations of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. On average, research analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MAX shares. Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. increased their price target on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a report on Monday. Keefe, Bruyette & Woods boosted their target price on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clearline Capital LP grew its stake in shares of MediaAlpha by 123.4% in the first quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock valued at $24,531,000 after buying an additional 1,466,760 shares in the last quarter. Millennium Management LLC increased its holdings in MediaAlpha by 680.9% in the third 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 during the last quarter. Victory Capital Management Inc. raised its position in shares of MediaAlpha by 1,261.9% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MediaAlpha by 95.2% during 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 during the period. Finally, Lazard Asset Management LLC acquired a new stake in MediaAlpha during the second quarter worth about $4,268,000. 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.