MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 130,065 Shares of Company Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 130,065 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.05, for a total value of $1,957,478.25. Following the sale, the insider owned 2,044,836 shares in the company, valued at $30,774,781.80. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 Wednesday, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The stock was sold at an average price of $15.50, for a total value of $2,342,499.50.
• On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $12.38, for a total value of $594,240.00.

MediaAlpha Price Performance

Shares of NYSE MAX opened at $15.02 on Thursday. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $15.99. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32. The business’s fifty day moving average price is $11.40 and its two-hundred day moving average price is $10.71. The firm has a market capitalization of $920.00 million, a PE ratio of 8.25 and a beta of 1.12.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MAX shares. The Goldman Sachs Group lifted their price objective on shares of MediaAlpha from $10.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Canaccord Genuity Group upped their target price on shares of MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Royal Bank Of Canada upped their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Finally, Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.71.

MediaAlpha News Summary

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

Institutional Trading of MediaAlpha

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in MediaAlpha by 94.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock worth $5,773,000 after acquiring an additional 300,871 shares during the period. Bank of America Corp DE grew 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 worth $2,601,000 after purchasing an additional 221,540 shares in the last quarter. Jacobs Asset Management LLC grew its stake in shares of MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock worth $8,597,000 after purchasing an additional 219,144 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of MediaAlpha by 24.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock valued at $9,876,000 after purchasing an additional 206,077 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of MediaAlpha by 288.7% during the first quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock valued at $1,280,000 after purchasing an additional 102,210 shares during the period. Institutional investors own 64.39% of the company’s stock.

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.