Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells 8,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of MediaAlpha stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $12.88, for a total transaction of $103,040.00. Following the completion of the transaction, the insider directly owned 2,895,330 shares of the company’s stock, valued at $37,291,850.40. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total value of $102,560.00.
• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total value of $108,000.00.
• On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.07, for a total value of $104,560.00.
• On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.37, for a total value of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.60, for a total transaction of $100,800.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total transaction of $99,840.00.
• On Monday, November 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.88, for a total transaction of $95,040.00.
• On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.72, for a total transaction of $93,760.00.
• On Monday, November 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.31, for a total value of $98,480.00.

MediaAlpha Price Performance

MAX stock traded down $0.26 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 52 week low of $7.33 and a 52 week high of $13.92. The company has a market capitalization of $827.01 million, a P/E ratio of -422.86 and a beta of 1.21. The firm has a fifty day moving average of $12.20 and a two-hundred day moving average of $11.41.

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

Institutional Trading of MediaAlpha

Large investors have recently made changes to their positions in the stock. Broad Bay Capital Management LP lifted its holdings in MediaAlpha by 23.8% in the 1st quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company’s stock worth $25,389,000 after purchasing an additional 529,093 shares during the last quarter. Clearline Capital LP boosted its holdings in MediaAlpha by 123.4% during the first quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock valued at $24,531,000 after acquiring an additional 1,466,760 shares during the period. Millennium Management LLC increased its stake in shares of MediaAlpha by 680.9% in the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after purchasing an additional 1,246,493 shares during the period. JPMorgan Chase & Co. boosted its stake in MediaAlpha by 95.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after purchasing an additional 516,195 shares during the period. Finally, Shay Capital LLC increased its position in MediaAlpha by 17.9% in the 3rd quarter. Shay Capital LLC now owns 790,100 shares of the company’s stock worth $8,991,000 after buying an additional 120,100 shares during the period. Institutional investors own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MAX shares. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. Wall Street Zen raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a research report on Friday, October 31st. Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MediaAlpha has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

MediaAlpha Company Profile

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.