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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $11.51, for a total transaction of $92,080.00. Following the sale, the insider directly owned 2,799,330 shares in the company, valued at $32,220,288.30. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.69, for a total value of $93,520.00.
• 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.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total value of $95,840.00.
• 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 value of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total value of $101,200.00.
• 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 stock was 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 shares were 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 transaction of $103,040.00.
• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.50, for a total transaction of $108,000.00.

MediaAlpha Trading Down 1.8%

Shares of MediaAlpha stock traded down $0.21 during midday trading on Wednesday, reaching $11.39. The company had a trading volume of 635,655 shares, compared to its average volume of 456,739. The stock has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $11.64. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92. The company has a market capitalization of $742.22 million, a price-to-earnings ratio of -379.51 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. Sell-side analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of MediaAlpha

A number of large investors have recently made changes to their positions in MAX. Divisadero Street Capital Management LP acquired a new position in shares of MediaAlpha in the 2nd quarter valued at approximately $952,000. Janney Montgomery Scott LLC bought a new position in MediaAlpha in the second quarter valued at approximately $895,000. Pallas Capital Advisors LLC acquired a new position in shares of MediaAlpha in the second quarter valued at approximately $111,000. Acadian Asset Management LLC increased its position in shares of MediaAlpha by 65.7% during the second quarter. Acadian Asset Management LLC now owns 532,437 shares of the company’s stock worth $5,823,000 after acquiring an additional 211,135 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of MediaAlpha during the second quarter worth $155,000. Institutional investors own 64.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday. Keefe, Bruyette & Woods lifted their target price on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

About MediaAlpha

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.