Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 6,700 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $12.93, for a total value of $86,631.00. Following the transaction, the director owned 1,562,820 shares of the company’s stock, valued at $20,207,262.60. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.93, for a total transaction of $69,822.00.
• On Monday, December 29th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total transaction of $84,755.00.
• On Monday, December 29th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total transaction of $68,310.00.
• On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $84,889.00.
• On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $68,418.00.
• On Monday, December 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.91, for a total transaction of $86,497.00.
• On Monday, December 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.91, for a total transaction of $69,714.00.
• On Wednesday, December 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.79, for a total value of $85,693.00.
• On Wednesday, December 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.80, for a total value of $69,120.00.
• On Monday, December 15th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.83, for a total value of $85,961.00.

MediaAlpha Trading Down 0.4%

MAX traded down $0.05 on Wednesday, hitting $12.98. 358,236 shares of the company were exchanged, compared to its average volume of 520,853. The firm has a 50-day moving average price of $12.60 and a two-hundred day moving average price of $11.55. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $13.92. The company has a market cap of $845.93 million, a price-to-earnings ratio of -432.52 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $283.30 million. During the same quarter last year, the business posted $0.17 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in MediaAlpha by 21.7% during the first quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock worth $472,000 after buying an additional 8,981 shares during the period. Ieq Capital LLC grew its position in shares of MediaAlpha by 94.8% during the first quarter. Ieq Capital LLC now owns 29,213 shares of the company’s stock worth $270,000 after acquiring an additional 14,217 shares during the last quarter. Graham Capital Management L.P. grew its position in shares of MediaAlpha by 15.1% during the first quarter. Graham Capital Management L.P. now owns 73,945 shares of the company’s stock worth $683,000 after acquiring an additional 9,694 shares during the last quarter. PDT Partners LLC acquired a new position in shares of MediaAlpha in the 1st quarter valued at $1,199,000. Finally, AQR Capital Management LLC raised its position in MediaAlpha by 18.1% in the 1st quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock valued at $5,154,000 after purchasing an additional 85,581 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MAX shares. Keefe, Bruyette & Woods increased their target price on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research note on Thursday, October 30th. Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

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.