Keith Cramer Sells 13,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) CRO Keith Cramer sold 13,000 shares of MediaAlpha stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $11.49, for a total transaction of $149,370.00. Following the completion of the transaction, the executive owned 251,303 shares of the company’s stock, valued at $2,887,471.47. The trade was a 4.92% decrease in their position. The transaction was disclosed in a filing 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.

Keith Cramer also recently made the following trade(s):

• On Monday, August 17th, Keith Cramer sold 13,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.76, for a total transaction of $165,880.00.

MediaAlpha Trading Down 3.8%

Shares of MAX stock opened at $10.62 on Friday. The stock has a market capitalization of $650.81 million, a P/E ratio of 6.56 and a beta of 1.16. The firm’s 50 day moving average is $12.83 and its 200 day moving average is $10.89. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $14.70.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. On average, equities analysts predict that MediaAlpha, Inc. will post 1.28 EPS for the current year.

Institutional Investors Weigh In On MediaAlpha

Hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its stake in shares of 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 buying an additional 2,777 shares during the period. SG Americas Securities LLC raised its holdings in MediaAlpha by 23.2% during the 1st quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock valued at $181,000 after buying an additional 3,668 shares during the last quarter. State of Wyoming boosted its position in MediaAlpha by 10.7% during the 1st quarter. State of Wyoming now owns 43,001 shares of the company’s stock valued at $400,000 after buying an additional 4,169 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in MediaAlpha by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 47,885 shares of the company’s stock worth $435,000 after acquiring an additional 4,935 shares during the last quarter. Finally, Corient Private Wealth LP grew its holdings in MediaAlpha by 50.7% in the 2nd quarter. Corient Private Wealth LP now owns 23,451 shares of the company’s stock worth $295,000 after acquiring an additional 7,892 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MAX has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Canaccord Genuity Group upped their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. The Goldman Sachs Group increased their price objective on MediaAlpha from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Zacks Research raised MediaAlpha from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.29.

Trending Headlines about MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha was upgraded to Zacks Rank #1 (Strong Buy), reflecting increased optimism about its earnings outlook and potentially supporting the stock in the near term. MediaAlpha Upgraded to Strong Buy
• Positive Sentiment: MAX was added to Zacks’ Strong Buy list and its Strong Buy value-stock list, reinforcing the favorable quantitative view of the company. New Strong Buy Stocks
• Positive Sentiment: MediaAlpha’s latest quarterly results substantially exceeded expectations, with earnings per share of $0.65 versus a $0.23 consensus estimate and revenue of $316.9 million versus $300.9 million expected. Analysts forecast approximately $1.28 in full-year EPS. Several institutions have also increased their holdings, while the analyst consensus remains “Moderate Buy” with a $14.29 target price.
• Neutral Sentiment: Executives and director Eugene Nonko reported multiple stock sales under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Although the transactions reduce insider ownership, they are less concerning than discretionary sales; the sellers still retain substantial positions.
• Negative Sentiment: MediaAlpha shares have decreased and remain below their 50-day moving average of $12.89, indicating continued near-term technical weakness despite trading above the 200-day average of $10.88.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.