MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 6,700 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $12.65, for a total transaction of $84,755.00. Following the completion of the transaction, the director owned 1,576,220 shares in the company, valued at approximately $19,939,183. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, December 31st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.93, for a total transaction of $86,631.00.
• On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.93, for a total value of $69,822.00.
• On Monday, December 29th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total value of $68,310.00.
• On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total value of $84,889.00.
• On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total value of $68,418.00.
• On Monday, December 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.91, for a total value of $86,497.00.
• On Monday, December 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.91, for a total value of $69,714.00.
• 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 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.83, for a total transaction of $85,961.00.

MediaAlpha Trading Down 0.4%

Shares of MediaAlpha stock traded down $0.05 during midday trading on Wednesday, reaching $12.98. The company had a trading volume of 358,236 shares, compared to its average volume of 520,853. The company has a market capitalization of $845.93 million, a price-to-earnings ratio of -432.52 and a beta of 1.21. The stock has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $11.55. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92.

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

Institutional Investors Weigh In On MediaAlpha

Several hedge funds have recently bought and sold shares of MAX. Intech Investment Management LLC boosted its position in shares of MediaAlpha by 6.4% during the second quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after purchasing an additional 1,105 shares in the last quarter. Hsbc Holdings PLC raised its stake in MediaAlpha by 2.3% during the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after buying an additional 1,144 shares during the period. Tower Research Capital LLC TRC raised its stake in MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after buying an additional 1,213 shares during the period. Quarry LP lifted its holdings in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Corton Capital Inc. grew its stake in MediaAlpha by 8.2% in the second quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after acquiring an additional 1,425 shares during the period. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MAX. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a research note on Friday, October 31st. Wall Street Zen raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Finally, Zacks Research raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.25.

MediaAlpha Company Profile

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.