Steven Yi Sells 8,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $11.20, for a total value of $89,600.00. Following the sale, the insider owned 2,759,330 shares in the company, valued at approximately $30,904,496. This trade represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.69, for a total value of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.51, for a total value of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total transaction of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total transaction of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.94, for a total transaction of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total transaction of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total transaction of $101,360.00.
• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.86, for a total transaction of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total transaction of $102,560.00.

MediaAlpha Stock Performance

MAX stock opened at $10.82 on Friday. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $13.92. The stock has a market capitalization of $704.81 million, a P/E ratio of -360.38 and a beta of 1.21. The company has a 50 day moving average price of $12.33 and a two-hundred day moving average price of $11.66.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data 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 the consensus estimate of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. Research analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MAX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price target on shares of MediaAlpha in a report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Keefe, Bruyette & Woods increased their target price on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently modified their holdings of MAX. Millennium Management LLC raised its holdings in shares of MediaAlpha by 680.9% during the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after buying an additional 1,246,493 shares during the period. JPMorgan Chase & Co. grew its position in MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after acquiring an additional 516,195 shares in the last quarter. Shay Capital LLC raised its stake in shares of MediaAlpha by 17.9% during the third quarter. Shay Capital LLC now owns 790,100 shares of the company’s stock valued at $8,991,000 after purchasing an additional 120,100 shares during the period. Geode Capital Management LLC boosted its stake in shares of MediaAlpha by 5.1% in the second quarter. Geode Capital Management LLC now owns 764,702 shares of the company’s stock valued at $8,375,000 after purchasing an additional 36,949 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of MediaAlpha by 1,261.9% in the third quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock valued at $8,089,000 after purchasing an additional 658,625 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

About MediaAlpha

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.