MediaAlpha (NYSE:MAX) Major Shareholder Mountains Insurance Grou White Sells 5,500,391 Shares of Company Stock

MediaAlpha, Inc. (NYSE:MAX) major shareholder Mountains Insurance Grou White sold 5,500,391 shares of MediaAlpha stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $13.90, for a total transaction of $76,455,434.90. Following the completion of the transaction, the insider directly owned 12,356,223 shares in the company, valued at $171,751,499.70. The trade was a 30.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

MediaAlpha Stock Down 4.2%

MAX stock opened at $14.42 on Friday. The company has a fifty day moving average price of $11.44 and a 200 day moving average price of $10.72. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $15.99. The company has a market cap of $883.67 million, a price-to-earnings ratio of 7.93 and a beta of 1.12. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The firm had revenue of $375.95 million during the quarter, compared to analysts’ expectations of $347.93 million. Sell-side analysts expect that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of MediaAlpha by 4.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company’s stock valued at $452,000 after buying an additional 1,846 shares during the period. Covestor Ltd boosted its stake in shares of MediaAlpha by 21.2% in the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock valued at $56,000 after buying an additional 1,011 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of MediaAlpha in the third quarter valued at approximately $248,000. State of Wyoming purchased a new stake in shares of MediaAlpha in the third quarter valued at approximately $109,000. Finally, Triad Investment Management grew its holdings in MediaAlpha by 10.4% during the second quarter. Triad Investment Management now owns 368,731 shares of the company’s stock worth $4,635,000 after acquiring an additional 34,867 shares during the period. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on MAX. Royal Bank Of Canada lifted their target price on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. The Goldman Sachs Group boosted their target price on MediaAlpha from $10.50 to $13.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Wall Street Zen cut MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Zacks Research downgraded MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings raised MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, MediaAlpha has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

Trending Headlines about MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat estimates, and its earnings-call recap points to broadening insurance-advertising demand, including home insurance growth, higher carrier spending, and gains supported by AI tools. These trends could support continued marketplace growth. Read the article
• Neutral Sentiment: Insider selling was reported by Steven Yi, director Eugene Nonko, and CTO Kuanling Yeh. Yi and Nonko’s filings describe sales under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards; that context may make those transactions less indicative of a change in their views of the company. Read the article
• Negative Sentiment: The scale and frequency of reported sales—including large transactions by Yi and Nonko over several days—could nevertheless concern investors and add near-term selling pressure. Read the article

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.