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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $12.94, for a total value of $103,520.00. Following the completion of the sale, the insider directly owned 2,831,330 shares of the company’s stock, valued at approximately $36,637,410.20. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total value of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total value of $101,360.00.
• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.86, for a total transaction of $102,880.00.
• 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 Monday, December 15th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.88, for a total value of $103,040.00.
• 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 transaction 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 transaction of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was 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 shares were sold at an average price of $12.48, for a total transaction of $99,840.00.

MediaAlpha Price Performance

MAX stock traded down $0.05 during trading on Wednesday, reaching $12.98. The company had a trading volume of 358,236 shares, compared to its average volume of 520,853. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $13.92. The business has a 50 day moving average of $12.60 and a 200 day moving average of $11.55. The company has a market cap of $845.93 million, a P/E ratio of -432.52 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data 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. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The business had revenue of $306.51 million for the quarter, compared to analysts’ expectations of $283.30 million. During the same period in the previous year, the firm posted $0.17 EPS. The business’s revenue was up 18.3% on a year-over-year basis. Research analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. boosted its holdings in shares of MediaAlpha by 19.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 560,765 shares of the company’s stock worth $6,382,000 after buying an additional 91,204 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of MediaAlpha in the third quarter worth $279,000. Virtus Advisers LLC raised its holdings in MediaAlpha by 316.6% during the third quarter. Virtus Advisers LLC now owns 18,711 shares of the company’s stock valued at $213,000 after acquiring an additional 14,220 shares during the period. Voleon Capital Management LP raised its stake in MediaAlpha by 77.8% during the 3rd quarter. Voleon Capital Management LP now owns 32,090 shares of the company’s stock valued at $365,000 after purchasing an additional 14,042 shares during the period. Finally, Quarry LP lifted its holdings in 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. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MAX. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. 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, The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research note on Friday, October 31st. One investment 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 company’s stock. Based on data from MarketBeat, MediaAlpha currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

About MediaAlpha

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.