Eugene Nonko Sells 6,700 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $13.09, for a total transaction of $87,703.00. Following the sale, the director directly owned 1,636,520 shares in the company, valued at approximately $21,422,046.80. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, December 10th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total value of $90,383.00.
• On Wednesday, December 10th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total value of $72,900.00.
• On Monday, December 8th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.09, for a total value of $70,686.00.
• On Wednesday, December 3rd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $13.38, for a total transaction of $89,646.00.
• On Wednesday, December 3rd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.38, for a total transaction of $72,252.00.
• On Monday, December 1st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.61, for a total transaction of $84,487.00.
• On Monday, December 1st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.60, for a total value of $68,040.00.
• On Wednesday, November 26th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total transaction of $83,616.00.
• On Wednesday, November 26th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total transaction of $67,392.00.
• On Monday, November 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.93, for a total transaction of $79,931.00.

MediaAlpha Trading Down 2.9%

MediaAlpha stock traded down $0.39 on Wednesday, reaching $13.32. 409,337 shares of the stock were exchanged, compared to its average volume of 530,366. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $13.92. The firm has a fifty day moving average price of $12.02 and a two-hundred day moving average price of $11.31. The stock has a market cap of $868.03 million, a PE ratio of -443.82 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last released its earnings results 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. The business had revenue of $306.51 million for 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 firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. Equities analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP grew its holdings in shares of MediaAlpha by 43.3% during the 3rd 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. Tower Research Capital LLC TRC boosted its position in MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after buying an additional 1,213 shares during the period. Raymond James Financial Inc. bought a new position in shares of MediaAlpha during the second quarter valued at about $62,000. Semanteon Capital Management LP purchased a new position in shares of MediaAlpha in the second quarter worth about $110,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of MediaAlpha in the second quarter worth about $111,000. 64.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAX. Canaccord Genuity Group restated a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research note on Monday. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a research note on Friday, October 31st. Finally, Keefe, Bruyette & Woods raised their target price on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.