Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 6,700 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of MediaAlpha stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $12.83, for a total value of $85,961.00. Following the completion of the transaction, the director owned 1,616,420 shares of the company’s stock, valued at approximately $20,738,668.60. This trade represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, December 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.79, for a total value of $85,693.00.
• On Wednesday, December 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.80, for a total transaction of $69,120.00.
• On Monday, December 15th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.84, for a total transaction of $69,336.00.
• On Wednesday, December 10th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $13.49, for a total transaction of $90,383.00.
• On Wednesday, December 10th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total transaction of $72,900.00.
• On Monday, December 8th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $13.09, for a total transaction of $87,703.00.
• On Monday, December 8th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.09, for a total transaction of $70,686.00.
• On Wednesday, December 3rd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $13.38, for a total value of $89,646.00.
• On Wednesday, December 3rd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $13.38, for a total value of $72,252.00.
• On Monday, December 1st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.61, for a total value of $84,487.00.

MediaAlpha Stock Performance

MAX stock traded down $0.26 during midday trading on Wednesday, reaching $12.69. The company’s stock had a trading volume of 389,269 shares, compared to its average volume of 528,212. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $13.92. The firm has a market capitalization of $827.01 million, a price-to-earnings ratio of -422.86 and a beta of 1.21. The stock has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $11.41.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $306.51 million during the quarter, compared to the consensus estimate of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. As a group, analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. increased their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Keefe, Bruyette & Woods upped their target price on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, MediaAlpha currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Trading of MediaAlpha

Several hedge funds and other institutional investors have recently made changes to their positions in MAX. Quarry LP boosted its position in shares of MediaAlpha by 43.3% in the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after acquiring an additional 1,213 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of MediaAlpha during the second quarter worth about $62,000. Semanteon Capital Management LP acquired a new position in shares of MediaAlpha during the second quarter valued at about $110,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of MediaAlpha during the second quarter valued at about $111,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.