MediaAlpha (NYSE:MAX) Insider Sells $87,120.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $10.89, for a total transaction of $87,120.00. Following the completion of the sale, the insider directly owned 2,751,330 shares of the company’s stock, valued at approximately $29,961,983.70. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.57, for a total transaction of $84,560.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total transaction of $89,600.00.
• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were 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 stock was 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 stock was 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 value of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.98, for a total value 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 value of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total value of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $101,360.00.

MediaAlpha Price Performance

Shares of MediaAlpha stock opened at $10.23 on Friday. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $13.92. The firm has a market cap of $666.58 million, a price-to-earnings ratio of -340.82 and a beta of 1.21. The company has a 50-day moving average of $12.21 and a 200 day moving average of $11.66.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business had revenue of $306.51 million for the quarter, compared to analysts’ expectations of $283.30 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. On average, equities analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in MediaAlpha by 680.9% in the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after buying an additional 1,246,493 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after acquiring an additional 516,195 shares during the period. Shay Capital LLC raised its holdings 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 last quarter. Geode Capital Management LLC lifted its position in MediaAlpha by 5.1% during 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. lifted its position in MediaAlpha by 1,261.9% during 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. 64.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MAX. The Goldman Sachs Group set a $13.50 price objective on MediaAlpha in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised their price target on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Zacks Research cut shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.25.

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.