Kuanling Amy Yeh Sells 12,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $8.05, for a total value of $96,600.00. Following the sale, the chief technology officer owned 572,985 shares in the company, valued at $4,612,529.25. The trade was a 2.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, April 10th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.25, for a total value of $27,750.00.
• On Friday, March 27th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.44, for a total value of $28,320.00.
• On Friday, March 6th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.34, for a total value of $31,020.00.

MediaAlpha Stock Down 0.3%

Shares of MAX traded down $0.03 during mid-day trading on Tuesday, hitting $8.26. The stock had a trading volume of 660,287 shares, compared to its average volume of 757,399. The company has a market cap of $515.20 million, a PE ratio of 12.91 and a beta of 1.16. The company’s fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $10.68. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The business had revenue of $310.00 million during the quarter, compared to analyst estimates of $298.91 million. MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. Equities analysts expect that MediaAlpha, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAX. Wall Street Zen lowered shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Zacks Research cut shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Royal Bank Of Canada reduced their price objective on MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Weiss Ratings upgraded MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, MediaAlpha has an average rating of “Moderate Buy” and a consensus price target of $12.90.

Institutional Trading of MediaAlpha

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after purchasing an additional 516,195 shares in the last quarter. Triad Investment Management purchased a new stake in shares of MediaAlpha in the fourth quarter valued at $3,567,000. Brookwood Investment Group LLC purchased a new stake in shares of MediaAlpha in the fourth quarter valued at $296,000. Pallas Capital Advisors LLC lifted its holdings in shares of MediaAlpha by 27.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 13,176 shares of the company’s stock valued at $171,000 after purchasing an additional 2,824 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of MediaAlpha in the third quarter valued at $281,000. 64.39% of the stock is 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.