Steven Yi Sells 24,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 24,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $10.01, for a total value of $240,240.00. Following the completion of the sale, the insider owned 2,855,690 shares of the company’s stock, valued at approximately $28,585,456.90. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, May 6th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.14, for a total value of $36,560.00.
• On Monday, May 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.05, for a total transaction of $36,200.00.
• On Wednesday, April 29th, Steven Yi sold 26,739 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $267,390.00.
• On Tuesday, April 28th, Steven Yi sold 6,565 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $65,650.00.
• On Monday, April 27th, Steven Yi sold 33,663 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total transaction of $336,293.37.
• On Wednesday, April 22nd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.88, for a total transaction of $39,520.00.
• On Tuesday, April 21st, Steven Yi sold 16,047 shares of MediaAlpha stock. The stock was sold at an average price of $10.08, for a total transaction of $161,753.76.
• On Monday, April 20th, Steven Yi sold 28,543 shares of MediaAlpha stock. The shares were sold at an average price of $10.06, for a total transaction of $287,142.58.
• On Wednesday, April 15th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.68, for a total transaction of $38,720.00.
• On Monday, April 13th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.07, for a total transaction of $36,280.00.

MediaAlpha Price Performance

Shares of NYSE MAX opened at $10.14 on Friday. The company has a market capitalization of $632.35 million, a P/E ratio of 15.85 and a beta of 1.16. The company has a 50 day simple moving average of $9.20 and a 200-day simple moving average of $10.12. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The business had revenue of $310.00 million during the quarter, compared to analyst estimates of $298.91 million. MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. As a group, research analysts expect that MediaAlpha, Inc. will post 1.02 EPS for the current year.

Analyst Upgrades and Downgrades

MAX has been the subject of a number of research analyst reports. Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Royal Bank Of Canada decreased their target price on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods lowered their target price on shares of MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings cut shares of MediaAlpha from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.58.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA acquired a new stake in MediaAlpha during the 1st quarter worth approximately $122,000. 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 acquiring an additional 221,540 shares in the last quarter. Amundi grew its stake in shares of MediaAlpha by 33.2% in the first quarter. Amundi now owns 78,104 shares of the company’s stock worth $726,000 after acquiring an additional 19,488 shares in the last quarter. Stoic Point Capital Management LLC increased its position in shares of MediaAlpha by 6.6% during the first quarter. Stoic Point Capital Management LLC now owns 221,041 shares of the company’s stock worth $2,056,000 after acquiring an additional 13,743 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of MediaAlpha by 150.9% in the first quarter. Quantinno Capital Management LP now owns 107,274 shares of the company’s stock valued at $998,000 after acquiring an additional 64,526 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

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.