MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 6,700 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $11.52, for a total transaction of $77,184.00. Following the completion of the sale, the director directly owned 1,536,020 shares in the company, valued at approximately $17,694,950.40. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 14th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total value of $78,390.00.
• On Wednesday, January 14th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $63,180.00.
• On Monday, January 12th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.52, for a total transaction of $62,208.00.
• On Wednesday, January 7th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.66, for a total transaction of $78,122.00.
• On Wednesday, January 7th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.67, for a total transaction of $63,018.00.
• On Monday, January 5th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.98, for a total value of $80,266.00.
• On Monday, January 5th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.99, for a total value of $64,746.00.
• On Wednesday, December 31st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.93, for a total value of $86,631.00.
• On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.93, for a total value of $69,822.00.
• On Monday, December 29th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total value of $84,755.00.

MediaAlpha Stock Down 1.8%

MAX traded down $0.21 on Wednesday, reaching $11.39. 635,655 shares of the company traded hands, compared to its average volume of 456,739. The company has a market cap of $742.22 million, a P/E ratio of -379.51 and a beta of 1.21. The firm has a fifty day simple moving average of $12.60 and a two-hundred day simple moving average of $11.64. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $13.92.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MAX. 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. Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a research report on Monday, December 29th. The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a report on Friday, October 31st. Finally, Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.25.

Hedge Funds Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in MediaAlpha by 680.9% in the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after acquiring an additional 1,246,493 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 period. Shay Capital LLC grew its stake in shares of MediaAlpha by 17.9% in the 3rd quarter. Shay Capital LLC now owns 790,100 shares of the company’s stock worth $8,991,000 after purchasing an additional 120,100 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of MediaAlpha by 5.1% during the second quarter. Geode Capital Management LLC now owns 764,702 shares of the company’s stock valued at $8,375,000 after purchasing an additional 36,949 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock worth $8,089,000 after purchasing an additional 658,625 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s stock.

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.