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 business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $8.89, for a total transaction of $26,670.00. Following the completion of the sale, the chief technology officer directly owned 569,985 shares of the company’s stock, valued at $5,067,166.65. This represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, May 15th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.05, for a total transaction of $96,600.00.
• On Friday, April 10th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.25, for a total transaction of $27,750.00.
• On Friday, March 27th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.44, for a total transaction of $28,320.00.

MediaAlpha Price Performance

MAX stock opened at $9.08 on Friday. The company has a 50 day simple moving average of $9.13 and a 200 day simple moving average of $10.29. The stock has a market cap of $565.95 million, a price-to-earnings ratio of 14.18 and a beta of 1.16. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The company had revenue of $310.00 million for the quarter, compared to analyst estimates of $298.91 million. MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.MediaAlpha’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share. On average, equities research analysts anticipate that MediaAlpha, Inc. will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On MediaAlpha

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in MediaAlpha by 5,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after purchasing an additional 2,124 shares during the period. Rockefeller Capital Management L.P. grew its stake in MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after acquiring an additional 2,777 shares in the last quarter. Strs Ohio purchased a new position in MediaAlpha during the fourth quarter valued at approximately $49,000. Quarry LP lifted its position in MediaAlpha by 43.3% during 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 last quarter. Finally, Tower Research Capital LLC TRC lifted its position in MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAX. Zacks Research cut shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada cut their target price on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised their price objective on shares of MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen lowered shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Four 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.90.

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.