MediaAlpha (NYSE:MAX) Stock: Insider Kuanling Amy Yeh Sells 3,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 3,000 shares of MediaAlpha stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $11.77, for a total value of $35,310.00. Following the sale, the chief technology officer owned 543,091 shares of the company’s stock, valued at approximately $6,392,181.07. This trade represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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.

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

• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.40, for a total transaction of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.00, for a total transaction of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Price Performance

Shares of MAX opened at $11.75 on Wednesday. The firm’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $10.96. The company has a market capitalization of $720.05 million, a P/E ratio of 7.26 and a beta of 1.14. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $14.70.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to analysts’ expectations of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. On average, equities analysts anticipate that MediaAlpha, Inc. will post 1.40 earnings per share for the current year.

Institutional Trading of MediaAlpha

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after acquiring an additional 2,777 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of MediaAlpha in the 1st quarter worth approximately $85,000. Aaron Wealth Advisors LLC bought a new stake in shares of MediaAlpha in the 1st quarter worth approximately $95,000. Glenmede Trust Co. NA bought a new stake in shares of MediaAlpha in the 1st quarter worth approximately $122,000. Finally, SG Americas Securities LLC boosted its stake in shares of MediaAlpha by 23.2% in the 1st quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock valued at $181,000 after purchasing an additional 3,668 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MAX shares. Royal Bank Of Canada lifted their price objective on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods increased their target price on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Canaccord Genuity Group increased their target price on MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. TD Cowen lowered their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.79.

About MediaAlpha

MediaAlpha, Inc (NYSE: MAX) operates a technology platform designed to help insurance companies and distributors acquire customers through digital channels. Its platform connects consumers who are shopping for insurance with providers and other distribution partners, using data, analytics and automated transactions to facilitate customer acquisition.

The company’s services primarily support insurance shopping and marketing across categories such as auto, home, health and life insurance.