MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 109,401 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 109,401 shares of MediaAlpha stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $14.79, for a total value of $1,618,040.79. Following the sale, the director owned 675,125 shares in the company, valued at $9,985,098.75. This trade represents a 13.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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.

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

• On Wednesday, November 4th, Eugene Nonko sold 93,279 shares of MediaAlpha stock. The stock was sold at an average price of $15.36, for a total value of $1,432,765.44.
• On Wednesday, November 4th, Eugene Nonko sold 5,667 shares of MediaAlpha stock. The stock was sold at an average price of $15.25, for a total value of $86,421.75.
• On Tuesday, November 3rd, Eugene Nonko sold 160,185 shares of MediaAlpha stock. The shares were sold at an average price of $15.04, for a total value of $2,409,182.40.
• On Tuesday, November 3rd, Eugene Nonko sold 15,022 shares of MediaAlpha stock. The shares were sold at an average price of $14.93, for a total value of $224,278.46.
• On Monday, November 2nd, Eugene Nonko sold 78,009 shares of MediaAlpha stock. The shares were sold at an average price of $14.72, for a total value of $1,148,292.48.
• On Wednesday, October 28th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.63, for a total transaction of $84,584.99.
• On Wednesday, October 28th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $22,562.20.
• On Tuesday, October 27th, Eugene Nonko sold 8,283 shares of MediaAlpha stock. The shares were sold at an average price of $11.85, for a total transaction of $98,153.55.
• On Tuesday, October 27th, Eugene Nonko sold 3,394 shares of MediaAlpha stock. The shares were sold at an average price of $11.92, for a total transaction of $40,456.48.
• On Monday, October 26th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.83, for a total transaction of $86,039.59.

MediaAlpha Stock Performance

NYSE:MAX traded down $0.13 during trading hours on Wednesday, reaching $15.02. 2,336,871 shares of the company’s stock were exchanged, compared to its average volume of 1,167,518. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $15.99. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 8.49. 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 company has a 50-day moving average of $11.36 and a 200 day moving average of $10.69.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The company had revenue of $375.95 million for the quarter, compared to analyst estimates of $347.93 million. Research analysts anticipate that MediaAlpha, Inc. will post 1.47 EPS for the current year.

Key Headlines Impacting MediaAlpha

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

Hedge Funds Weigh In On MediaAlpha

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAX. Arrowstreet Capital Limited Partnership raised its stake in shares of MediaAlpha by 24.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after buying an additional 206,077 shares in the last quarter. Jacobs Asset Management LLC lifted its holdings in shares of MediaAlpha by 31.1% in the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after buying an additional 219,144 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after buying an additional 300,871 shares during the period. Triad Investment Management lifted 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 valued at $4,635,000 after buying an additional 34,867 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of MediaAlpha by 380.9% in the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after buying an additional 221,540 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group upped their price objective on 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. lifted their target price on MediaAlpha from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Wall Street Zen lowered MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research cut MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Finally, Canaccord Genuity Group upped their price target on MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.71.

About MediaAlpha

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.