Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells 4,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $9.75, for a total value of $39,000.00. Following the completion of the transaction, the insider owned 2,623,974 shares of the company’s stock, valued at $25,583,746.50. The trade was a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Yi also recently made the following trade(s):

• On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The stock was sold at an average price of $9.86, for a total transaction of $55,709.00.
• On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.03, for a total transaction of $80,240.00.
• On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total transaction of $392,127.48.
• On Wednesday, February 25th, Steven Yi sold 12,748 shares of MediaAlpha stock. The shares were sold at an average price of $9.69, for a total transaction of $123,528.12.
• On Monday, February 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.75, for a total value of $31,000.00.
• On Thursday, February 19th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.29, for a total value of $29,160.00.
• On Tuesday, February 17th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.16, for a total value of $28,640.00.
• On Wednesday, February 11th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.99, for a total value of $31,960.00.
• On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.74, for a total value of $34,960.00.
• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.94, for a total value of $35,760.00.

MediaAlpha Trading Up 1.3%

Shares of MAX stock traded up $0.13 on Wednesday, reaching $9.82. The company’s stock had a trading volume of 626,270 shares, compared to its average volume of 1,237,308. The stock’s fifty day simple moving average is $10.04 and its 200-day simple moving average is $11.40. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92. The company has a market capitalization of $633.33 million, a price-to-earnings ratio of 25.18 and a beta of 1.30.

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

Wall Street Analysts Forecast Growth

MAX has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings upgraded MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Royal Bank Of Canada decreased their price target on MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research raised shares of MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.58.

Hedge Funds Weigh In On MediaAlpha

A number of large investors have recently bought and sold shares of MAX. Intech Investment Management LLC grew its position in MediaAlpha by 6.4% in 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 last quarter. Hsbc Holdings PLC lifted its position in shares of MediaAlpha by 2.3% during the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after purchasing an additional 1,144 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of MediaAlpha by 28.0% during the second 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 boosted its stake in shares of MediaAlpha by 43.3% during 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 during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of MediaAlpha by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company’s stock worth $140,000 after purchasing an additional 1,510 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

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.