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

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $11.20, for a total transaction of $75,040.00. Following the sale, the director directly owned 1,502,520 shares of the company’s stock, valued at $16,828,224. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total value of $60,480.00.
• On Tuesday, January 20th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.21, for a total value of $75,107.00.
• On Tuesday, January 20th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.21, for a total transaction of $60,534.00.
• On Wednesday, January 14th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $78,390.00.
• On Wednesday, January 14th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total value of $63,180.00.
• On Monday, January 12th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.52, for a total value of $77,184.00.
• On Monday, January 12th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.52, for a total value of $62,208.00.
• On Wednesday, January 7th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total transaction of $78,122.00.
• On Wednesday, January 7th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.67, for a total transaction of $63,018.00.
• On Monday, January 5th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total transaction of $80,266.00.

MediaAlpha Stock Performance

Shares of NYSE MAX traded up $0.11 during midday trading on Thursday, reaching $11.17. 296,607 shares of the company’s stock were exchanged, compared to its average volume of 460,386. MediaAlpha, Inc. has a 52-week low of $7.33 and a 52-week high of $13.92. The business’s fifty day moving average price is $12.40 and its two-hundred day moving average price is $11.66. The stock has a market capitalization of $727.95 million, a PE ratio of -372.21 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $306.51 million during the quarter, compared to analyst estimates of $283.30 million. During the same quarter last year, the firm earned $0.17 EPS. MediaAlpha’s quarterly revenue was up 18.3% on a year-over-year basis. Analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MAX has been the topic of several recent analyst reports. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a report on Friday, October 31st. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Keefe, Bruyette & Woods boosted their price target on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price target on shares of MediaAlpha in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Institutional Trading of MediaAlpha

Several hedge funds have recently added to or reduced their stakes in MAX. Quarry LP lifted its stake in shares of MediaAlpha by 43.3% in the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after acquiring an additional 1,234 shares during the period. Tower Research Capital LLC TRC raised its holdings in MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares in the last quarter. Raymond James Financial Inc. bought a new stake in MediaAlpha during the second quarter worth approximately $62,000. Semanteon Capital Management LP acquired a new stake in MediaAlpha in the second quarter worth approximately $110,000. Finally, Invesco Ltd. bought a new position in MediaAlpha during the 2nd quarter valued at $117,000. Institutional investors own 64.39% of the company’s stock.

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.