Kuanling Amy Yeh Sells 3,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $11.48, for a total value of $34,440.00. Following the transaction, the chief technology officer owned 393,662 shares in the company, valued at $4,519,239.76. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.95, for a total transaction of $38,850.00.
• On Friday, December 12th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.16, for a total transaction of $39,480.00.
• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.49, for a total transaction of $161,880.00.

MediaAlpha Stock Down 1.3%

Shares of NYSE MAX traded down $0.15 during midday trading on Friday, hitting $11.43. The stock had a trading volume of 690,325 shares, compared to its average volume of 478,357. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $13.92. The business’s 50 day moving average is $12.54 and its 200-day moving average is $11.63. The company has a market cap of $745.15 million, a P/E ratio of -381.01 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $306.51 million for the quarter, compared to analysts’ expectations of $283.30 million. During the same period in the previous year, the firm earned $0.17 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

Several institutional investors and hedge funds have recently bought and sold shares of MAX. Quarry LP boosted its holdings in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares during the period. Tower Research Capital LLC TRC raised its stake in MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after acquiring an additional 1,213 shares during the last quarter. Raymond James Financial Inc. purchased a new position in MediaAlpha during the 2nd quarter worth $62,000. Semanteon Capital Management LP acquired a new stake in MediaAlpha in the second quarter valued at about $110,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of MediaAlpha in the 2nd quarter valued at approximately $111,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MAX. Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. JPMorgan Chase & Co. lifted their price target on MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price objective on MediaAlpha in a research report on Friday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research note on Thursday, October 30th. Finally, Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.