MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 8,000 Shares

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $10.32, for a total value of $82,560.00. Following the transaction, the insider owned 2,727,330 shares of the company’s stock, valued at $28,146,045.60. This trade represents a 0.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.94, for a total value of $35,760.00.
• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.57, for a total value of $84,560.00.
• On Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.89, for a total value of $87,120.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $89,600.00.
• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total transaction of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.51, for a total transaction of $92,080.00.
• 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 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 transaction 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 transaction of $103,520.00.

MediaAlpha Trading Down 3.0%

Shares of NYSE MAX traded down $0.28 during trading hours on Wednesday, reaching $8.95. The stock had a trading volume of 2,146,004 shares, compared to its average volume of 613,061. The firm has a market cap of $583.27 million, a price-to-earnings ratio of -298.23 and a beta of 1.29. The business’s fifty day moving average price is $12.11 and its two-hundred day moving average price is $11.67. MediaAlpha, Inc. has a 52-week low of $7.33 and a 52-week high of $13.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MAX. Strs Ohio bought a new position in shares of MediaAlpha during the 4th quarter worth approximately $49,000. Quarry LP grew its holdings in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in MediaAlpha by 28.0% in 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of MediaAlpha during the second quarter worth $62,000. Finally, Semanteon Capital Management LP purchased a new stake in shares of MediaAlpha during the 2nd quarter valued at $110,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MAX shares. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price target on shares of MediaAlpha in a research report on Thursday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.25.

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.