MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 8,000 Shares

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $13.50, for a total transaction of $108,000.00. Following the completion of the sale, the insider owned 2,903,330 shares of the company’s stock, valued at $39,194,955. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.07, for a total value of $104,560.00.
• On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.37, for a total value of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.60, for a total value of $100,800.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was 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 stock was sold at an average price of $12.31, for a total transaction of $98,480.00.

MediaAlpha Price Performance

NYSE:MAX opened at $13.36 on Thursday. The company has a market cap of $870.35 million, a P/E ratio of -442.52 and a beta of 1.21. The firm’s fifty day moving average price is $12.06 and its two-hundred day moving average price is $11.33. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $13.92.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business had revenue of $306.51 million during the quarter, compared to the consensus estimate of $283.30 million. During the same quarter in the previous year, the firm posted $0.17 EPS. MediaAlpha’s revenue was up 18.3% compared to the same quarter last year. As a group, equities research analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a research note on Friday, October 31st. Wall Street Zen upgraded MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Keefe, Bruyette & Woods lifted their target price on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Broad Bay Capital Management LP lifted its position in MediaAlpha by 23.8% during the first quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company’s stock worth $25,389,000 after purchasing an additional 529,093 shares during the period. Clearline Capital LP raised its position in shares of MediaAlpha by 123.4% in the 1st quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock valued at $24,531,000 after buying an additional 1,466,760 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of MediaAlpha by 680.9% during the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after acquiring an additional 1,246,493 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of MediaAlpha by 95.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after acquiring an additional 516,195 shares during the period. Finally, Shay Capital LLC boosted its position in shares of MediaAlpha by 17.9% during the 3rd quarter. Shay Capital LLC now owns 790,100 shares of the company’s stock worth $8,991,000 after acquiring an additional 120,100 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.