Eugene Nonko Sells 59,202 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 59,202 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $10.01, for a total transaction of $592,612.02. Following the sale, the director directly owned 1,395,320 shares in the company, valued at $13,967,153.20. This trade represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, March 3rd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.05, for a total value of $67,335.00.
• On Tuesday, March 3rd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $10.05, for a total value of $54,270.00.
• On Monday, March 2nd, Eugene Nonko sold 48,801 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total value of $488,498.01.
• On Wednesday, February 25th, Eugene Nonko sold 14,498 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $144,980.00.
• On Wednesday, February 25th, Eugene Nonko sold 10,599 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $105,990.00.
• On Monday, February 2nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $10.36, for a total transaction of $69,412.00.
• On Monday, February 2nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $10.35, for a total transaction of $55,890.00.
• On Wednesday, January 28th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.57, for a total transaction of $70,819.00.
• On Wednesday, January 28th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $10.58, for a total transaction of $57,132.00.
• On Monday, January 26th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.85, for a total transaction of $72,695.00.

MediaAlpha Stock Performance

MediaAlpha stock traded up $0.02 during midday trading on Wednesday, reaching $10.26. 749,297 shares of the company’s stock were exchanged, compared to its average volume of 947,190. The stock’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $11.41. The firm has a market cap of $661.77 million, a price-to-earnings ratio of 26.31 and a beta of 1.30. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Monday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.25. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.The firm had revenue of $291.16 million for the quarter, compared to analyst estimates of $296.42 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Research analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On MediaAlpha

A number of hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its position 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 acquiring an additional 1,105 shares during the period. Hsbc Holdings PLC raised its stake in MediaAlpha by 2.3% in the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock valued at $561,000 after purchasing an additional 1,144 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares during the period. Quarry LP grew its stake in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after buying an additional 1,234 shares in the last quarter. Finally, Corton Capital Inc. grew its stake in MediaAlpha by 8.2% during the second quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock worth $207,000 after buying an additional 1,425 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MAX shares. Royal Bank Of Canada lowered their price target on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Zacks Research upgraded MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group decreased their price objective on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.58.

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.