MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 160,185 Shares of Company Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 160,185 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.04, for a total transaction of $2,409,182.40. Following the sale, the director owned 551,707 shares in the company, valued at approximately $8,297,673.28. This trade represents a 22.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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.

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

• On Wednesday, November 4th, Eugene Nonko sold 93,279 shares of MediaAlpha stock. The stock was sold at an average price of $15.36, for a total transaction of $1,432,765.44.
• On Wednesday, November 4th, Eugene Nonko sold 5,667 shares of MediaAlpha stock. The shares were sold at an average price of $15.25, for a total value of $86,421.75.
• On Tuesday, November 3rd, Eugene Nonko sold 15,022 shares of MediaAlpha stock. The stock was sold at an average price of $14.93, for a total value of $224,278.46.
• On Monday, November 2nd, Eugene Nonko sold 78,009 shares of MediaAlpha stock. The stock was sold at an average price of $14.72, for a total value of $1,148,292.48.
• On Monday, November 2nd, Eugene Nonko sold 109,401 shares of MediaAlpha stock. The stock was sold at an average price of $14.79, for a total value of $1,618,040.79.
• On Wednesday, October 28th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.63, for a total value of $84,584.99.
• On Wednesday, October 28th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total value of $22,562.20.
• On Tuesday, October 27th, Eugene Nonko sold 8,283 shares of MediaAlpha stock. The shares were sold at an average price of $11.85, for a total value of $98,153.55.
• On Tuesday, October 27th, Eugene Nonko sold 3,394 shares of MediaAlpha stock. The shares were sold at an average price of $11.92, for a total value of $40,456.48.
• On Monday, October 26th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.83, for a total value of $86,039.59.

MediaAlpha Trading Down 0.9%

NYSE:MAX traded down $0.13 during mid-day trading on Wednesday, reaching $15.02. The company’s stock had a trading volume of 2,336,871 shares, compared to its average volume of 1,167,518. The company’s fifty day simple moving average is $11.36 and its two-hundred day simple moving average is $10.69. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $15.99. The stock has a market cap of $920.00 million, a P/E ratio of 8.32 and a beta of 1.12.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.28 by $0.18. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. The company had revenue of $375.95 million during the quarter, compared to analysts’ expectations of $347.93 million. On average, equities analysts predict that MediaAlpha, Inc. will post 1.47 EPS for the current year.

Institutional Trading of MediaAlpha

A number of institutional investors have recently modified their holdings of MAX. Allspring Global Investments Holdings LLC raised its holdings in MediaAlpha by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company’s stock valued at $452,000 after buying an additional 1,846 shares during the period. Covestor Ltd grew its stake in MediaAlpha by 21.2% during the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock worth $56,000 after buying an additional 1,011 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in MediaAlpha during the third quarter worth approximately $248,000. State of Wyoming acquired a new stake in shares of MediaAlpha in the third quarter worth $109,000. Finally, Triad Investment Management increased its position in shares of MediaAlpha by 10.4% in the second quarter. Triad Investment Management now owns 368,731 shares of the company’s stock worth $4,635,000 after acquiring an additional 34,867 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

More MediaAlpha News

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

Analysts Set New Price Targets

A number of research firms recently issued reports on MAX. Royal Bank Of Canada boosted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of MediaAlpha from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Zacks Research cut shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Finally, Canaccord Genuity Group upped their price objective on MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.71.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.