MediaAlpha (NYSE:MAX) Insider Sells $93,280.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $11.66, for a total transaction of $93,280.00. Following the completion of the sale, the insider directly owned 2,807,330 shares of the company’s stock, valued at approximately $32,733,467.80. The trade was a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.98, for a total value of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.94, for a total value of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total value of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total value of $101,360.00.
• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.86, for a total transaction of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total transaction of $102,560.00.
• On Monday, December 15th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.88, for a total value of $103,040.00.
• 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 value 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 stock was sold at an average price of $13.37, for a total value of $106,960.00.

MediaAlpha Trading Down 1.8%

Shares of MAX traded down $0.22 during midday trading on Wednesday, reaching $11.63. 449,253 shares of the stock were exchanged, compared to its average volume of 493,213. The company has a market capitalization of $758.12 million, a P/E ratio of -387.64 and a beta of 1.21. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $13.92. The company’s 50 day moving average is $12.70 and its two-hundred day moving average is $11.61.

MediaAlpha (NYSE:MAX) last posted 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. The business had revenue of $306.51 million during the quarter, compared to analyst estimates of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. On average, sell-side analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MAX. The Goldman Sachs Group set a $13.50 price objective on MediaAlpha in a research report on Friday, October 31st. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted 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. Zacks Research lowered MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Finally, Keefe, Bruyette & Woods raised their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of MediaAlpha by 18.1% in the first quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock worth $5,154,000 after buying an additional 85,581 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in MediaAlpha during the second quarter valued at approximately $952,000. Janney Montgomery Scott LLC acquired a new position in MediaAlpha in the second quarter valued at approximately $895,000. Pallas Capital Advisors LLC purchased a new stake in MediaAlpha in the 2nd quarter worth approximately $111,000. Finally, Acadian Asset Management LLC boosted its position in MediaAlpha by 65.7% in the 2nd quarter. Acadian Asset Management LLC now owns 532,437 shares of the company’s stock worth $5,823,000 after purchasing an additional 211,135 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

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.