Janus Henderson Group PLC Lowers Stock Position in MediaAlpha, Inc. $MAX

Janus Henderson Group PLC decreased its holdings in shares of MediaAlpha, Inc. (NYSE:MAX) by 94.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,862 shares of the company’s stock after selling 252,044 shares during the period. Janus Henderson Group PLC’s holdings in MediaAlpha were worth $129,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of MediaAlpha by 5,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after buying an additional 2,124 shares during the period. Rockefeller Capital Management L.P. grew its holdings in MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after acquiring an additional 2,777 shares during the period. Strs Ohio acquired a new position in MediaAlpha during the fourth quarter worth $49,000. Quarry LP raised its position in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after acquiring an additional 1,213 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAX shares. Canaccord Genuity Group boosted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. The Goldman Sachs Group increased their price target on shares of MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods raised their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. TD Cowen decreased their price objective on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, June 23rd. Finally, Zacks Research lowered shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.86.

MediaAlpha Stock Performance

MAX opened at $13.09 on Wednesday. The company has a market cap of $801.59 million, a price-to-earnings ratio of 8.08 and a beta of 1.11. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70. The business’s fifty day moving average is $12.10 and its two-hundred day moving average is $10.25.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to analysts’ expectations of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. On average, analysts predict that MediaAlpha, Inc. will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at MediaAlpha

In other news, CRO Keith Cramer sold 13,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.47, for a total value of $123,110.00. Following the sale, the executive directly owned 280,528 shares in the company, valued at $2,656,600.16. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Also, Director Eugene Nonko sold 25,352 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.86, for a total transaction of $351,378.72. Following the transaction, the director directly owned 1,137,304 shares of the company’s stock, valued at approximately $15,763,033.44. This trade represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders sold 526,752 shares of company stock worth $6,479,834. 14.65% of the stock is owned by corporate insiders.

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.