Insider Selling: MediaAlpha (NYSE:MAX) CTO Sells $162,600.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $13.55, for a total value of $162,600.00. Following the transaction, the chief technology officer directly owned 541,985 shares in the company, valued at approximately $7,343,896.75. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, June 26th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.16, for a total value of $33,480.00.
• On Friday, June 5th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.89, for a total transaction of $26,670.00.

MediaAlpha Stock Performance

MAX stock opened at $13.51 on Thursday. The company has a market capitalization of $827.62 million, a P/E ratio of 8.34 and a beta of 1.11. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $14.70. The business has a 50-day simple moving average of $12.59 and a two-hundred day simple moving average of $10.35.

MediaAlpha (NYSE:MAX) last posted its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.42. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. The firm had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. As a group, sell-side analysts forecast that MediaAlpha, Inc. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lifted their price objective on MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Texas Capital upgraded MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group upped their price objective on shares of MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods increased 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 Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.86.

Hedge Funds Weigh In On MediaAlpha

Institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in shares of MediaAlpha by 2.3% in the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after purchasing an additional 1,144 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares in the last quarter. Quarry LP lifted its position in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in MediaAlpha by 13.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company’s stock valued at $140,000 after purchasing an additional 1,510 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in MediaAlpha by 5,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after buying an additional 2,124 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.

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.