MediaAlpha (NYSE:MAX) CRO Keith Cramer Sells 10,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CRO Keith Cramer sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $7.16, for a total transaction of $71,600.00. Following the completion of the sale, the executive owned 182,154 shares in the company, valued at approximately $1,304,222.64. The trade was a 5.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Keith Cramer also recently made the following trade(s):

• On Thursday, January 15th, Keith Cramer sold 10,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.37, for a total transaction of $113,700.00.
• On Monday, December 15th, Keith Cramer sold 10,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.83, for a total transaction of $128,300.00.

MediaAlpha Stock Performance

Shares of MAX traded up $0.16 during trading hours on Tuesday, reaching $7.33. 1,350,465 shares of the company traded hands, compared to its average volume of 828,354. The stock’s fifty day moving average is $11.10 and its 200 day moving average is $11.51. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $13.92. The stock has a market cap of $477.70 million, a P/E ratio of -244.25 and a beta of 1.29.

Hedge Funds Weigh In On MediaAlpha

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of MediaAlpha by 5,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after purchasing an additional 2,124 shares during the last quarter. Quarry LP grew its holdings in MediaAlpha by 43.3% during 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 last quarter. Strs Ohio acquired a new stake in MediaAlpha in the 4th quarter valued at about $49,000. Tower Research Capital LLC TRC increased its position in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of MediaAlpha in the second quarter worth about $62,000. Institutional investors own 64.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MAX shares. 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. raised 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. Zacks Research cut shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” 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.