Insider Selling: MediaAlpha (NYSE:MAX) Director Sells $108,552.15 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $13.23, for a total value of $108,552.15. Following the transaction, the director owned 959,549 shares in the company, valued at $12,694,833.27. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.20, for a total value of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total value of $104,859.90.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total value of $42,075.24.
• On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.78, for a total value of $104,859.90.
• On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.89, for a total value of $42,304.98.
• On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.57, for a total transaction of $111,341.85.
• On Monday, August 10th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.30, for a total transaction of $43,650.60.
• On Tuesday, August 4th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.45, for a total transaction of $96,836.10.
• On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.50, for a total transaction of $33,337.50.
• On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total transaction of $102,398.40.

MediaAlpha Trading Down 1.9%

Shares of MAX opened at $12.92 on Friday. The firm’s 50-day moving average is $12.74 and its two-hundred day moving average is $10.39. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $14.70. The firm has a market capitalization of $791.48 million, a P/E ratio of 7.98 and a beta of 1.11.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. The company had revenue of $316.88 million during the quarter, compared to analysts’ expectations of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. Analysts predict that MediaAlpha, Inc. will post 0.97 EPS for the current year.

Institutional Trading of MediaAlpha

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning purchased a new stake in MediaAlpha during the 2nd quarter worth about $168,000. JPMorgan Chase & Co. raised its stake in 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 during the last quarter. Legal & General Group Plc lifted its holdings in MediaAlpha by 29.3% in the 2nd quarter. Legal & General Group Plc now owns 36,315 shares of the company’s stock valued at $398,000 after purchasing an additional 8,229 shares in the last quarter. Rhumbline Advisers lifted its holdings in MediaAlpha by 34.4% in the 2nd quarter. Rhumbline Advisers now owns 55,622 shares of the company’s stock valued at $609,000 after purchasing an additional 14,234 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of MediaAlpha during the 2nd quarter worth about $153,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group upped their target price on MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Capital One Financial set a $11.00 price objective on shares of MediaAlpha in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods lifted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Finally, Zacks Research downgraded shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MediaAlpha presently has an average rating of “Moderate Buy” and an average target price of $13.86.

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.