MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $11.48, for a total value of $34,440.00. Following the completion of the sale, the chief technology officer directly owned 393,662 shares of the company’s stock, valued at approximately $4,519,239.76. The trade was a 0.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.95, for a total transaction of $38,850.00.
• On Friday, December 12th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.16, for a total transaction of $39,480.00.
• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total transaction of $161,880.00.

MediaAlpha Stock Down 1.3%

Shares of MAX opened at $11.43 on Friday. The firm has a market cap of $745.15 million, a price-to-earnings ratio of -381.01 and a beta of 1.21. The company’s fifty day moving average is $12.51 and its 200-day moving average is $11.64. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $13.92.

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

Analyst Ratings Changes

A number of brokerages have recently commented on MAX. Zacks Research lowered MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a research report on Friday, October 31st. Keefe, Bruyette & Woods boosted their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP boosted its position in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after acquiring an additional 1,234 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 valued at $61,000 after purchasing an additional 1,213 shares during the last quarter. Raymond James Financial Inc. acquired a new position in MediaAlpha during the 2nd quarter valued at $62,000. Semanteon Capital Management LP bought a new stake in MediaAlpha in the 2nd quarter valued at $110,000. Finally, Pallas Capital Advisors LLC acquired a new stake in MediaAlpha in the 2nd quarter worth $111,000. 64.39% of the stock is currently owned by institutional investors and hedge funds.

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.