MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 6,667 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,667 shares of MediaAlpha stock in a transaction on Monday, September 21st. The shares were sold at an average price of $10.53, for a total value of $70,203.51. Following the completion of the sale, the director directly owned 861,217 shares of the company’s stock, valued at $9,068,615.01. This trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Monday, September 21st, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The shares were sold at an average price of $10.54, for a total value of $11,246.18.
• On Tuesday, September 15th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.49, for a total value of $83,566.77.
• On Tuesday, September 15th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.48, for a total value of $22,271.20.
• On Monday, September 14th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $11.96, for a total value of $93,024.88.
• On Monday, September 14th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.03, for a total transaction of $32,084.01.
• On Thursday, September 10th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.62, for a total transaction of $84,512.26.
• On Thursday, September 10th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.52, for a total transaction of $22,348.80.
• On Tuesday, September 8th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $85,094.10.
• On Tuesday, September 8th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $22,698.00.
• On Wednesday, September 2nd, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.24, for a total transaction of $95,202.72.

MediaAlpha Stock Performance

MAX traded down $0.61 during trading on Wednesday, reaching $9.37. 1,249,023 shares of the company’s stock were exchanged, compared to its average volume of 648,996. The company’s fifty day moving average price is $12.63 and its 200-day moving average price is $10.89. The firm has a market capitalization of $574.07 million, a PE ratio of 5.78 and a beta of 1.16. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $14.70.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The business had revenue of $316.88 million for the quarter, compared to analyst estimates of $300.87 million. Research analysts forecast that MediaAlpha, Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MAX has been the subject of several analyst reports. Weiss Ratings lowered MediaAlpha from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Canaccord Genuity Group boosted their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods increased their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, TD Cowen reduced their price target on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MediaAlpha has an average rating of “Moderate Buy” and a consensus price target of $14.29.

Hedge Funds Weigh In On MediaAlpha

Institutional investors have recently modified their holdings of the business. Clearline Capital LP raised its holdings in shares of MediaAlpha by 0.8% during the fourth quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock worth $16,854,000 after acquiring an additional 10,604 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in MediaAlpha by 24.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after purchasing an additional 206,077 shares in the last quarter. Jacobs Asset Management LLC increased its holdings in MediaAlpha by 31.1% during the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock worth $8,597,000 after purchasing an additional 219,144 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after purchasing an additional 300,871 shares during the period. Finally, Triad Investment Management raised its stake in shares of MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after purchasing an additional 34,867 shares during the period. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.