MediaAlpha (NYSE:MAX) Director Sells $86,497.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $12.91, for a total value of $86,497.00. Following the transaction, the director directly owned 1,596,320 shares in the company, valued at $20,608,491.20. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total value of $84,889.00.
• On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total transaction of $68,418.00.
• On Monday, December 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.91, for a total transaction of $69,714.00.
• On Wednesday, December 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.79, for a total transaction of $85,693.00.
• On Wednesday, December 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.80, for a total transaction of $69,120.00.
• On Monday, December 15th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.83, for a total transaction of $85,961.00.
• On Monday, December 15th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.84, for a total transaction of $69,336.00.
• On Wednesday, December 10th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were 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 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $13.09, for a total value of $87,703.00.

MediaAlpha Stock Performance

NYSE:MAX traded up $0.11 during mid-day trading on Monday, hitting $12.80. The company had a trading volume of 297,097 shares, compared to its average volume of 522,371. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The firm has a market cap of $833.85 million, a P/E ratio of -426.36 and a beta of 1.21. The business’s fifty day moving average is $12.52 and its two-hundred day moving average is $11.53.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $283.30 million. During the same period in the prior year, the business posted $0.17 EPS. MediaAlpha’s revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAX has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a research note on Thursday, October 30th. Keefe, Bruyette & Woods raised their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price objective on MediaAlpha in a report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 1st. One research 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 issued a Sell rating to the company. According to data from MarketBeat, MediaAlpha has an average rating of “Moderate Buy” and an average target price of $17.25.

Hedge Funds Weigh In On MediaAlpha

A number of large investors have recently bought and sold shares of MAX. Intech Investment Management LLC increased its stake in shares of MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after purchasing an additional 1,105 shares during the last quarter. Hsbc Holdings PLC grew its holdings in MediaAlpha by 2.3% during the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after purchasing an additional 1,144 shares during the period. Tower Research Capital LLC TRC grew its holdings in MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares during the period. Quarry LP increased its position in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after buying an additional 1,234 shares during the last quarter. Finally, Corton Capital Inc. raised its stake in MediaAlpha by 8.2% in the second quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after buying an additional 1,425 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Company Profile

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.