MediaAlpha (NYSE:MAX) Insider Sells $95,840.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $11.98, for a total value of $95,840.00. Following the completion of the transaction, the insider directly owned 2,823,330 shares in the company, valued at approximately $33,823,493.40. This represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total transaction of $93,280.00.
• 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 shares were 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 transaction 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 shares were 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 transaction 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 transaction of $108,000.00.
• On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.07, for a total transaction 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 transaction of $106,960.00.

MediaAlpha Trading Down 0.9%

MAX stock opened at $11.61 on Friday. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $13.92. The firm has a market capitalization of $756.30 million, a P/E ratio of -386.70 and a beta of 1.21. The firm has a 50 day moving average of $12.67 and a 200-day moving average of $11.62.

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

Hedge Funds Weigh In On MediaAlpha

Several large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of MediaAlpha by 30.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,437 shares of the company’s stock worth $313,000 after purchasing an additional 6,225 shares during the period. JPMorgan Chase & Co. lifted its stake in MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after purchasing an additional 516,195 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of MediaAlpha by 19.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 560,765 shares of the company’s stock valued at $6,382,000 after buying an additional 91,204 shares during the period. PharVision Advisers LLC bought a new position in shares of MediaAlpha during the third quarter valued at approximately $279,000. Finally, Virtus Advisers LLC raised its holdings in shares of MediaAlpha by 316.6% in the third quarter. Virtus Advisers LLC now owns 18,711 shares of the company’s stock worth $213,000 after buying an additional 14,220 shares during the period. Institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

MAX has been the subject of several recent research reports. Canaccord Genuity Group restated a “buy” rating and set a $15.00 price target on shares of MediaAlpha in a research report on Thursday, October 30th. Wall Street Zen lowered shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a research note on Friday, October 31st. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.