MediaAlpha (NYSE:MAX) Insider Sells 4,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $9.34, for a total transaction of $37,360.00. Following the completion of the sale, the insider owned 3,027,247 shares of the company’s stock, valued at $28,274,486.98. This trade represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, April 8th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.78, for a total transaction of $39,120.00.
• On Wednesday, April 1st, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.15, for a total transaction of $36,600.00.
• On Monday, March 30th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.23, for a total value of $36,920.00.
• On Wednesday, March 25th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.42, for a total value of $37,680.00.
• On Monday, March 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.67, for a total value of $38,680.00.
• On Wednesday, March 18th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.59, for a total value of $38,360.00.
• On Tuesday, March 17th, Steven Yi sold 5,227 shares of MediaAlpha stock. The stock was sold at an average price of $9.94, for a total value of $51,956.38.
• On Monday, March 16th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.93, for a total value of $39,720.00.
• On Tuesday, March 10th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.75, for a total value of $39,000.00.
• On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The shares were sold at an average price of $9.86, for a total value of $55,709.00.

MediaAlpha Trading Up 1.6%

Shares of NYSE:MAX traded up $0.16 during midday trading on Wednesday, hitting $9.71. 282,504 shares of the stock were exchanged, compared to its average volume of 822,441. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $13.92. The company has a 50 day moving average price of $9.22 and a 200-day moving average price of $11.06. The stock has a market cap of $626.06 million, a P/E ratio of 24.89 and a beta of 1.39.

MediaAlpha (NYSE:MAX) last issued 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 analysts’ expectations of $296.42 million. During the same period in the prior year, the company earned $0.08 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. On average, equities research analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MAX shares. Wall Street Zen cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Zacks Research cut MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Keefe, Bruyette & Woods reduced their price objective on MediaAlpha from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Royal Bank Of Canada dropped their price objective on MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.70.

Institutional Trading of MediaAlpha

A number of hedge funds have recently bought and sold shares of MAX. Caitong International Asset Management Co. Ltd grew its stake in MediaAlpha by 5,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after acquiring an additional 2,124 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of MediaAlpha by 9,917.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after purchasing an additional 2,777 shares during the period. Strs Ohio acquired a new stake in shares of MediaAlpha during the fourth quarter worth $49,000. Quarry LP boosted its holdings in shares of MediaAlpha by 43.3% during 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. Finally, Tower Research Capital LLC TRC grew its position in shares of MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.