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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $11.20, for a total transaction of $89,600.00. Following the completion of the sale, the insider directly owned 2,775,330 shares of the company’s stock, valued at $31,083,696. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total transaction of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.51, for a total value of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.66, for a total value 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 value 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 value 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 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 transaction of $102,560.00.

MediaAlpha Trading Up 1.0%

Shares of MAX stock traded up $0.11 during trading hours on Thursday, hitting $11.17. 296,607 shares of the company 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 has a 50 day moving average of $12.40 and a two-hundred day moving average of $11.66. The company has a market capitalization of $727.95 million, a PE ratio of -372.21 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm 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%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. On average, research analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on MAX. JPMorgan Chase & Co. boosted their price target on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Keefe, Bruyette & Woods boosted their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price objective on MediaAlpha in a research note on Friday, October 31st. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Five 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP bought a new stake in shares of MediaAlpha during the second quarter worth $952,000. Janney Montgomery Scott LLC bought a new position in shares of MediaAlpha in the 2nd quarter valued at $895,000. Acadian Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 211,135 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in MediaAlpha during the 2nd quarter worth $155,000. Finally, Campbell & CO Investment Adviser LLC increased its holdings in MediaAlpha by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 26,254 shares of the company’s stock worth $287,000 after purchasing an additional 4,583 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

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.