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

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,667 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $10.37, for a total value of $69,136.79. Following the completion of the transaction, the director owned 834,549 shares in the company, valued at approximately $8,654,273.13. The trade was a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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, October 14th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.41, for a total value of $11,107.47.
• On Monday, October 12th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.15, for a total value of $67,670.05.
• On Monday, October 12th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.14, for a total value of $10,819.38.
• On Monday, September 21st, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The shares were sold at an average price of $10.53, for a total value of $70,203.51.
• On Monday, September 21st, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The shares were sold at an average price of $10.54, for a total value of $11,246.18.
• On Tuesday, September 15th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.49, for a total transaction of $83,566.77.
• On Tuesday, September 15th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total transaction of $22,271.20.
• On Monday, September 14th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $11.96, for a total transaction of $93,024.88.
• On Monday, September 14th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.03, for a total transaction of $32,084.01.
• On Thursday, September 10th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.62, for a total transaction of $84,512.26.

MediaAlpha Price Performance

Shares of NYSE:MAX traded up $0.14 during trading on Wednesday, hitting $10.61. 823,642 shares of the company were exchanged, compared to its average volume of 789,932. The firm’s 50 day moving average price is $11.50 and its 200-day moving average price is $10.89. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $14.70. The stock has a market capitalization of $649.78 million, a P/E ratio of 6.55 and a beta of 1.14.

MediaAlpha (NYSE:MAX) last posted its earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. The firm had revenue of $316.88 million for the quarter, compared to the consensus estimate of $300.87 million. As a group, equities research analysts anticipate that MediaAlpha, Inc. will post 1.40 EPS for the current year.

Institutional Trading of MediaAlpha

Several institutional investors and hedge funds have recently bought and sold shares of the business. Triad Investment Management raised its position in MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after purchasing an additional 34,867 shares during the last quarter. Squarepoint Ops LLC boosted its stake in MediaAlpha by 8.7% during the 2nd quarter. Squarepoint Ops LLC now owns 234,255 shares of the company’s stock worth $2,945,000 after purchasing an additional 18,714 shares during the period. Corient Private Wealth LP grew its position in MediaAlpha by 50.7% during the 2nd quarter. Corient Private Wealth LP now owns 23,451 shares of the company’s stock worth $295,000 after purchasing an additional 7,892 shares during the last quarter. AXQ Capital LP purchased a new position in MediaAlpha during the 2nd quarter worth $316,000. Finally, Globeflex Capital L P purchased a new position in MediaAlpha during the 2nd quarter worth $702,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

MAX has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on MediaAlpha from $14.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday. TD Cowen reduced their target price on MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Canaccord Genuity Group boosted their target price on MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Finally, Weiss Ratings upgraded MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.

MediaAlpha Company Profile

MediaAlpha, Inc (NYSE: MAX) operates a technology platform designed to help insurance companies and distributors acquire customers through digital channels. Its platform connects consumers who are shopping for insurance with providers and other distribution partners, using data, analytics and automated transactions to facilitate customer acquisition.

The company’s services primarily support insurance shopping and marketing across categories such as auto, home, health and life insurance.