Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 6,700 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $10.05, for a total value of $67,335.00. Following the completion of the sale, the director owned 1,388,620 shares in the company, valued at approximately $13,955,631. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 3rd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.05, for a total value of $54,270.00.
• On Monday, March 2nd, Eugene Nonko sold 59,202 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total value of $592,612.02.
• On Monday, March 2nd, Eugene Nonko sold 48,801 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total value of $488,498.01.
• On Wednesday, February 25th, Eugene Nonko sold 14,498 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $144,980.00.
• On Wednesday, February 25th, Eugene Nonko sold 10,599 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $105,990.00.
• On Monday, February 2nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.36, for a total transaction of $69,412.00.
• On Monday, February 2nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $10.35, for a total transaction of $55,890.00.
• On Wednesday, January 28th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.57, for a total value of $70,819.00.
• On Wednesday, January 28th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.58, for a total value of $57,132.00.
• On Monday, January 26th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $10.85, for a total transaction of $72,695.00.

MediaAlpha Trading Up 0.2%

NYSE:MAX traded up $0.02 during trading hours on Wednesday, hitting $10.26. The stock had a trading volume of 749,297 shares, compared to its average volume of 1,355,655. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $13.92. The company has a market cap of $661.77 million, a PE ratio of 9.48 and a beta of 1.30. The business has a 50 day simple moving average of $10.31 and a two-hundred day simple moving average of $11.41.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Monday, February 23rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.25. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The firm had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. During the same period in the prior year, the firm posted $0.08 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. Research analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in MediaAlpha by 6.7% during the fourth quarter. Pacer Advisors Inc. now owns 263,024 shares of the company’s stock worth $3,406,000 after purchasing an additional 16,597 shares during the period. Invesco Ltd. grew its stake in shares of MediaAlpha by 32.1% in the 4th quarter. Invesco Ltd. now owns 26,024 shares of the company’s stock valued at $337,000 after purchasing an additional 6,319 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of MediaAlpha by 32.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,960 shares of the company’s stock worth $220,000 after buying an additional 4,120 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of MediaAlpha in the 4th quarter worth approximately $167,000. Finally, Mackenzie Financial Corp grew its position in MediaAlpha by 184.3% in the fourth quarter. Mackenzie Financial Corp now owns 42,975 shares of the company’s stock valued at $559,000 after acquiring an additional 27,858 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 24th. Zacks Research upgraded shares of MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods cut their price target on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, Weiss Ratings raised MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.58.

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.