MediaAlpha (NYSE:MAX) CTO Sells $35,310.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 3,000 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $11.77, for a total value of $35,310.00. Following the transaction, the chief technology officer directly owned 543,091 shares in the company, valued at approximately $6,392,181.07. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total value of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.00, for a total value of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Stock Down 1.8%

NYSE:MAX traded down $0.21 on Monday, reaching $11.29. 629,296 shares of the company’s stock were exchanged, compared to its average volume of 792,607. The firm has a market capitalization of $691.69 million, a price-to-earnings ratio of 6.97 and a beta of 1.14. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $14.70. The business has a fifty day moving average of $11.41 and a 200-day moving average of $10.93.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. As a group, equities analysts anticipate that MediaAlpha, Inc. will post 1.40 earnings per share for the current year.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its stake in MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after purchasing an additional 2,777 shares during the period. SG Americas Securities LLC raised its holdings in shares of MediaAlpha by 23.2% in the first quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock valued at $181,000 after buying an additional 3,668 shares during the last quarter. State of Wyoming boosted its stake in shares of MediaAlpha by 10.7% during the first quarter. State of Wyoming now owns 43,001 shares of the company’s stock worth $400,000 after buying an additional 4,169 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of MediaAlpha by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 47,885 shares of the company’s stock worth $435,000 after buying an additional 4,935 shares during the period. Finally, Corient Private Wealth LP boosted its stake in shares of MediaAlpha by 50.7% during the second quarter. Corient Private Wealth LP now owns 23,451 shares of the company’s stock worth $295,000 after buying an additional 7,892 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on MAX shares. Canaccord Genuity Group raised their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. assumed coverage on MediaAlpha in a research note on Monday, August 24th. They issued a “neutral” rating and a $15.00 price objective on the stock. Royal Bank Of Canada lifted their target price on MediaAlpha from $11.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods boosted their target price on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.79.

MediaAlpha Company Profile

MediaAlpha, Inc (NYSE: MAX) operates a technology platform designed to help insurance companies and distributors acquire customers through digital channels. Its platform connects consumers who are shopping for insurance with providers and other distribution partners, using data, analytics and automated transactions to facilitate customer acquisition.

The company’s services primarily support insurance shopping and marketing across categories such as auto, home, health and life insurance.