Eugene Nonko Sells 6,667 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,667 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $10.01, for a total value of $66,736.67. Following the sale, the director owned 1,207,272 shares of the company’s stock, valued at approximately $12,084,792.72. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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.

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

• On Wednesday, June 17th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total value of $10,670.00.
• On Tuesday, June 16th, Eugene Nonko sold 13,334 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total value of $133,340.00.
• On Tuesday, June 16th, Eugene Nonko sold 2,134 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total value of $21,340.00.
• On Wednesday, June 10th, Eugene Nonko sold 20,001 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $200,010.00.
• On Wednesday, June 10th, Eugene Nonko sold 3,201 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $32,010.00.
• On Wednesday, April 29th, Eugene Nonko sold 26,888 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total value of $269,148.88.
• On Wednesday, April 29th, Eugene Nonko sold 25,606 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total value of $256,316.06.
• On Tuesday, April 28th, Eugene Nonko sold 5,150 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $51,500.00.
• On Tuesday, April 28th, Eugene Nonko sold 2,003 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $20,030.00.
• On Monday, April 27th, Eugene Nonko sold 27,513 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $276,230.52.

MediaAlpha Stock Up 1.2%

Shares of MediaAlpha stock traded up $0.12 during trading hours on Thursday, hitting $10.14. The company’s stock had a trading volume of 575,241 shares, compared to its average volume of 719,922. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $13.92. The business has a fifty day moving average of $9.18 and a 200 day moving average of $10.14. The company has a market capitalization of $632.35 million, a PE ratio of 15.85 and a beta of 1.16.

MediaAlpha (NYSE:MAX) last posted its earnings results on Wednesday, April 29th. The company reported $0.21 earnings per share 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 business had revenue of $310.00 million for the quarter, compared to analyst estimates of $298.91 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business’s revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts anticipate that MediaAlpha, Inc. will post 1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning purchased a new stake in MediaAlpha during the 2nd quarter worth approximately $168,000. JPMorgan Chase & Co. raised its position in shares of MediaAlpha by 75.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 542,246 shares of the company’s stock valued at $5,938,000 after purchasing an additional 233,948 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of MediaAlpha by 29.3% during the 2nd quarter. Legal & General Group Plc now owns 36,315 shares of the company’s stock valued at $398,000 after buying an additional 8,229 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of MediaAlpha by 34.4% during the 2nd quarter. Rhumbline Advisers now owns 55,622 shares of the company’s stock valued at $609,000 after buying an additional 14,234 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of MediaAlpha during the second quarter worth approximately $153,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Wall Street Zen downgraded shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.58.

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.