MediaAlpha (NYSE:MAX) Director Sells 6,700 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $10.85, for a total transaction of $72,695.00. Following the transaction, the director owned 1,495,820 shares of the company’s stock, valued at $16,229,647. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 28th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.57, for a total transaction of $70,819.00.
• On Wednesday, January 28th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $10.58, for a total transaction of $57,132.00.
• On Monday, January 26th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.87, for a total transaction of $58,698.00.
• On Thursday, January 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $75,040.00.
• On Thursday, January 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total value of $60,480.00.
• On Tuesday, January 20th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.21, for a total value of $75,107.00.
• On Tuesday, January 20th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.21, for a total value of $60,534.00.
• On Wednesday, January 14th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.70, for a total value of $78,390.00.
• On Wednesday, January 14th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total value of $63,180.00.
• On Monday, January 12th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.52, for a total value of $77,184.00.

MediaAlpha Trading Down 2.3%

MAX traded down $0.25 on Wednesday, hitting $10.48. 410,394 shares of the company’s stock were exchanged, compared to its average volume of 493,150. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The stock has a market cap of $682.68 million, a price-to-earnings ratio of -349.05 and a beta of 1.21. The firm has a 50-day moving average price of $12.29 and a 200-day moving average price of $11.68.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. On average, equities analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on MAX shares. The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. 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 “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s 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 Trading of MediaAlpha

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Divisadero Street Capital Management LP purchased a new position in shares of MediaAlpha during the second quarter worth $952,000. Janney Montgomery Scott LLC acquired a new position in MediaAlpha during the 2nd quarter worth about $895,000. Acadian Asset Management LLC boosted its holdings in MediaAlpha by 65.7% during the 2nd quarter. Acadian Asset Management LLC now owns 532,437 shares of the company’s stock valued at $5,823,000 after acquiring an additional 211,135 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in MediaAlpha in the 2nd quarter valued at about $155,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in MediaAlpha by 21.1% during the second quarter. Campbell & CO Investment Adviser LLC now owns 26,254 shares of the company’s stock worth $287,000 after purchasing an additional 4,583 shares during the period. 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.