MediaAlpha (NYSE:MAX) Stock: Insider Eugene Nonko Sells 9,524 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 9,524 shares of the business’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $14.25, for a total value of $135,717.00. Following the completion of the transaction, the director directly owned 429,856 shares in the company, valued at approximately $6,125,448. This represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 11th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.20, for a total value of $70,318.40.
• On Monday, November 9th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.01, for a total transaction of $133,431.24.
• On Monday, November 9th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.07, for a total transaction of $69,674.64.
• 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 stock was sold at an average price of $15.25, for a total transaction of $86,421.75.
• On Tuesday, November 3rd, Eugene Nonko sold 160,185 shares of MediaAlpha stock. The stock was sold at an average price of $15.04, for a total transaction of $2,409,182.40.
• On Tuesday, November 3rd, Eugene Nonko sold 15,022 shares of MediaAlpha stock. The shares were sold at an average price of $14.93, for a total transaction of $224,278.46.
• On Monday, November 2nd, Eugene Nonko sold 78,009 shares of MediaAlpha stock. The shares were sold at an average price of $14.72, for a total transaction of $1,148,292.48.
• On Monday, November 2nd, Eugene Nonko sold 109,401 shares of MediaAlpha stock. The shares were sold at an average price of $14.79, for a total transaction 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 transaction of $84,584.99.

MediaAlpha Stock Performance

Shares of MAX stock traded down $0.18 during trading hours on Thursday, hitting $14.79. 671,739 shares of the company were exchanged, compared to its average volume of 1,257,972. The firm has a fifty day simple moving average of $11.58 and a 200 day simple moving average of $10.79. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 8.49. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $15.99. The stock has a market capitalization of $875.18 million, a price-to-earnings ratio of 8.23 and a beta of 1.12.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data 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 business had revenue of $375.95 million for the quarter, compared to the consensus estimate of $347.93 million. Research analysts predict that MediaAlpha, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of MediaAlpha

Several hedge funds and other institutional investors have recently modified their holdings of MAX. First Trust Advisors LP purchased a new position in MediaAlpha in the 3rd quarter valued at approximately $1,306,000. Russell Investments Group Ltd. raised its holdings in MediaAlpha by 51.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 197,860 shares of the company’s stock valued at $1,872,000 after acquiring an additional 67,500 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of MediaAlpha by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company’s stock worth $452,000 after acquiring an additional 1,846 shares in the last quarter. Covestor Ltd lifted its position in shares of MediaAlpha by 21.2% during the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock worth $56,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of MediaAlpha in the third quarter worth $248,000. Institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

MAX has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on MediaAlpha from $10.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Zacks Research cut MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Royal Bank Of Canada increased their price target on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, MediaAlpha has an average rating of “Moderate Buy” and a consensus price target of $14.71.

MediaAlpha Company Profile

MediaAlpha operates a technology platform that connects consumers shopping for insurance with insurance carriers and distributors. Its marketplace uses consumer-intent data and real-time bidding to help match shoppers with relevant insurance products and providers. The company focuses on insurance categories including auto, home, health and life. Its platform serves carriers, agents, brokers and other insurance distributors, with its business primarily centered on the U.S. market. MediaAlpha became an independent company in 2014 after operating within White Mountains Insurance Group.