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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $11.51, for a total value of $92,080.00. Following the completion of the sale, the insider owned 2,799,330 shares of the company’s stock, valued at approximately $32,220,288.30. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.69, for a total value of $93,520.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total transaction of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total transaction of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.94, for a total transaction of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total transaction of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $101,360.00.
• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.86, for a total value of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was 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 stock was 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 shares were sold at an average price of $13.50, for a total value of $108,000.00.

MediaAlpha Trading Down 1.8%

Shares of MAX opened at $11.39 on Thursday. The business’s 50-day moving average price is $12.56 and its 200 day moving average price is $11.64. The stock has a market capitalization of $742.22 million, a P/E ratio of -379.51 and a beta of 1.21. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate 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 company had revenue of $306.51 million during the quarter, compared to analysts’ expectations of $283.30 million. During the same period last year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On MediaAlpha

Several hedge funds have recently bought and sold shares of the business. Divisadero Street Capital Management LP bought a new position in MediaAlpha in the 2nd quarter worth $952,000. Janney Montgomery Scott LLC bought a new position in shares of MediaAlpha in the second quarter worth about $895,000. Pallas Capital Advisors LLC acquired a new position in shares of MediaAlpha during the 2nd quarter worth about $111,000. Acadian Asset Management LLC boosted its stake in MediaAlpha by 65.7% during the 2nd quarter. Acadian Asset Management LLC now owns 532,437 shares of the company’s stock valued at $5,823,000 after purchasing an additional 211,135 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in MediaAlpha in the 2nd quarter worth approximately $155,000. 64.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAX has been the topic of a number of research analyst reports. Zacks Research downgraded MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a research report on Friday, October 31st. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their target price on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.