MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $8.89, for a total transaction of $26,670.00. Following the sale, the chief technology officer directly owned 569,985 shares in the company, valued at approximately $5,067,166.65. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, May 15th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.05, for a total transaction of $96,600.00.
• On Friday, April 10th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.25, for a total transaction of $27,750.00.
• On Friday, March 27th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.44, for a total transaction of $28,320.00.

MediaAlpha Trading Up 4.9%

NYSE:MAX traded up $0.43 during trading hours on Friday, hitting $9.08. 679,124 shares of the stock traded hands, compared to its average volume of 726,091. The firm has a 50 day moving average price of $9.14 and a 200 day moving average price of $10.30. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $13.92. The firm has a market cap of $565.95 million, a price-to-earnings ratio of 14.18 and a beta of 1.16.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, April 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The firm had revenue of $310.00 million for the quarter, compared to analyst estimates of $298.91 million. During the same period last year, the firm earned ($0.04) earnings per share. MediaAlpha’s revenue for the quarter was up 17.3% compared to the same quarter last year. Research analysts predict that MediaAlpha, Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on MAX. Zacks Research cut shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their price target on shares of MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, The Goldman Sachs Group lowered their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, MediaAlpha presently has a consensus rating of “Hold” and a consensus target price of $12.90.

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently bought and sold shares of MAX. Caitong International Asset Management Co. Ltd boosted its holdings in MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after purchasing an additional 2,124 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in MediaAlpha by 9,917.9% in the fourth 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 in the last quarter. Quarry LP boosted 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 in the last quarter. Strs Ohio bought a new stake in MediaAlpha in the fourth quarter worth $49,000. Finally, Tower Research Capital LLC TRC boosted 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 in the last quarter. 64.39% of the stock is currently owned by institutional investors.

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.