MediaAlpha (NYSE:MAX) Insider Sells $104,560.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $13.07, for a total transaction of $104,560.00. Following the transaction, the insider owned 2,919,330 shares in the company, valued at approximately $38,155,643.10. This trade represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.50, for a total transaction of $108,000.00.
• On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.37, for a total transaction of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.60, for a total transaction of $100,800.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total value of $99,840.00.
• On Monday, November 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.88, for a total value of $95,040.00.
• On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.72, for a total value of $93,760.00.
• On Monday, November 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.31, for a total value of $98,480.00.

MediaAlpha Price Performance

MAX traded down $0.39 on Wednesday, hitting $13.32. The company had a trading volume of 409,337 shares, compared to its average volume of 530,366. The stock has a market cap of $868.03 million, a price-to-earnings ratio of -443.82 and a beta of 1.21. The company’s fifty day moving average price is $12.02 and its 200 day moving average price is $11.31. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The company had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. During the same quarter last year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

MAX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Keefe, Bruyette & Woods increased their target price on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Institutional Investors Weigh In On MediaAlpha

Several hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG increased its stake in MediaAlpha by 80.6% during the first quarter. Deutsche Bank AG now owns 180,691 shares of the company’s stock valued at $1,670,000 after acquiring an additional 80,620 shares during the period. Swiss National Bank lifted its position in shares of MediaAlpha by 8.3% in the 1st quarter. Swiss National Bank now owns 69,400 shares of the company’s stock worth $641,000 after acquiring an additional 5,300 shares during the period. Nuveen LLC acquired a new stake in shares of MediaAlpha during the 1st quarter worth approximately $4,675,000. Algert Global LLC increased its position in shares of MediaAlpha by 65.0% during the first quarter. Algert Global LLC now owns 225,300 shares of the company’s stock valued at $2,082,000 after purchasing an additional 88,791 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of MediaAlpha by 21.7% in the first quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock valued at $472,000 after purchasing an additional 8,981 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

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.