Steven Yi Sells 5,650 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 5,650 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $9.86, for a total value of $55,709.00. Following the completion of the sale, the insider owned 2,627,974 shares in the company, valued at $25,911,823.64. This trade represents a 0.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, March 10th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.75, for a total value of $39,000.00.
• On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.03, for a total value of $80,240.00.
• On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The shares were sold at an average price of $9.99, for a total value of $392,127.48.
• On Wednesday, February 25th, Steven Yi sold 12,748 shares of MediaAlpha stock. The stock was sold at an average price of $9.69, for a total value of $123,528.12.
• On Monday, February 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.75, for a total transaction of $31,000.00.
• On Thursday, February 19th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.29, for a total transaction of $29,160.00.
• On Tuesday, February 17th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.16, for a total transaction of $28,640.00.
• On Wednesday, February 11th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.99, for a total transaction of $31,960.00.
• On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.74, for a total transaction of $34,960.00.
• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.94, for a total transaction of $35,760.00.

MediaAlpha Stock Up 1.3%

Shares of NYSE MAX traded up $0.13 during mid-day trading on Wednesday, reaching $9.82. 626,270 shares of the company were exchanged, compared to its average volume of 1,237,308. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92. The stock has a market capitalization of $633.33 million, a PE ratio of 8.97 and a beta of 1.30. The company’s 50 day moving average price is $10.04 and its 200 day moving average price is $11.40.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.25. The business had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. On average, sell-side analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

MAX has been the subject of several analyst reports. Zacks Research raised shares of MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. The Goldman Sachs Group cut their target price on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, Keefe, Bruyette & Woods lowered their price target on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.58.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its stake in MediaAlpha by 680.9% during the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after acquiring an additional 1,246,493 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of MediaAlpha by 29.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock valued at $17,714,000 after purchasing an additional 309,455 shares in the last quarter. Clearline Capital LP lifted its holdings in shares of MediaAlpha by 0.8% during the fourth quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock valued at $16,854,000 after purchasing an additional 10,604 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of MediaAlpha by 10.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,045,400 shares of the company’s stock valued at $13,538,000 after purchasing an additional 100,300 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of MediaAlpha by 4.3% in the 4th quarter. AQR Capital Management LLC now owns 804,095 shares of the company’s stock worth $10,413,000 after purchasing an additional 33,416 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.

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.