Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells 151,129 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 151,129 shares of MediaAlpha stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $15.50, for a total transaction of $2,342,499.50. Following the completion of the transaction, the insider owned 1,893,707 shares of the company’s stock, valued at $29,352,458.50. This represents a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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.

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

• On Tuesday, November 3rd, Steven Yi sold 130,065 shares of MediaAlpha stock. The shares were sold at an average price of $15.05, for a total transaction of $1,957,478.25.
• On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The stock was sold at an average price of $14.78, for a total value of $2,051,552.68.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The stock was sold at an average price of $11.01, for a total value of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total value of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.38, for a total value of $594,240.00.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded down $0.13 during midday trading on Wednesday, reaching $15.02. 2,336,871 shares of the company traded hands, compared to its average volume of 1,167,518. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 8.49. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $15.99. The firm has a market capitalization of $920.00 million, a price-to-earnings ratio of 8.25 and a beta of 1.12. The firm’s fifty day moving average price is $11.36 and its two-hundred day moving average price is $10.69.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.18. The business had revenue of $375.95 million for the quarter, compared to analysts’ expectations of $347.93 million. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. On average, equities analysts expect that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of MediaAlpha from $10.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. increased their target price on shares of MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Canaccord Genuity Group raised their price target on shares of MediaAlpha from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, Royal Bank Of Canada boosted their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently bought and sold shares of MAX. Allspring Global Investments Holdings LLC lifted its position in MediaAlpha by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company’s stock valued at $452,000 after purchasing an additional 1,846 shares during the last quarter. Covestor Ltd grew its stake in MediaAlpha by 21.2% in the 3rd quarter. Covestor Ltd now owns 5,788 shares of the company’s stock worth $56,000 after buying an additional 1,011 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in MediaAlpha in the 3rd quarter worth approximately $248,000. State of Wyoming bought a new position in shares of MediaAlpha in the 3rd quarter worth $109,000. Finally, Triad Investment Management increased its holdings in shares of MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock worth $4,635,000 after buying an additional 34,867 shares during the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

Key MediaAlpha News

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.