MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 12,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7.31, for a total transaction of $87,720.00. Following the transaction, the chief technology officer owned 381,662 shares of the company’s stock, valued at approximately $2,789,949.22. This represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total value of $34,440.00.
• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.95, for a total transaction of $38,850.00.
• On Friday, December 12th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.16, for a total transaction of $39,480.00.
• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total transaction of $161,880.00.

MediaAlpha Trading Up 2.2%

NYSE MAX traded up $0.16 during trading hours on Tuesday, reaching $7.33. 1,350,465 shares of the company’s stock were exchanged, compared to its average volume of 828,354. The firm has a fifty day moving average of $11.10 and a 200-day moving average of $11.51. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $13.92. The stock has a market cap of $477.70 million, a PE ratio of -244.25 and a beta of 1.29.

Institutional Investors Weigh In On MediaAlpha

Several large investors have recently modified their holdings of MAX. Intech Investment Management LLC lifted its holdings in shares of MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock valued at $203,000 after purchasing an additional 1,105 shares in the last quarter. Hsbc Holdings PLC increased its holdings in MediaAlpha by 2.3% during the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after purchasing an additional 1,144 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the period. Quarry LP lifted its holdings in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Corton Capital Inc. lifted its stake in MediaAlpha by 8.2% in the 2nd quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after acquiring an additional 1,425 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MAX. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.25.

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.