Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells $103,040.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of MediaAlpha stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $12.88, for a total transaction of $103,040.00. Following the completion of the sale, the insider owned 2,895,330 shares of the company’s stock, valued at $37,291,850.40. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total transaction of $102,560.00.
• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total transaction of $108,000.00.
• 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 shares were 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 transaction 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 Trading Down 0.9%

NYSE:MAX opened at $12.82 on Friday. The firm has a market capitalization of $835.41 million, a PE ratio of -427.16 and a beta of 1.21. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $13.92. The firm’s fifty day simple moving average is $12.32 and its 200 day simple moving average is $11.45.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $306.51 million during the quarter, compared to analysts’ expectations of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAX. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a report on Friday, October 31st. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research note 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. Finally, Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

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.