MediaAlpha (NYSE:MAX) Stock: Insider Kuanling Amy Yeh Sells 3,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 3,000 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $9.40, for a total transaction of $28,200.00. Following the completion of the sale, the chief technology officer owned 546,091 shares of the company’s stock, valued at approximately $5,133,255.40. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.00, for a total transaction of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded down $0.18 during midday trading on Friday, hitting $9.27. 676,757 shares of the stock were exchanged, compared to its average volume of 697,307. The company has a market capitalization of $567.57 million, a PE ratio of 5.72 and a beta of 1.16. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $14.70. The business’s fifty day simple moving average is $12.44 and its two-hundred day simple moving average is $10.88.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The firm had revenue of $316.88 million for the quarter, compared to the consensus estimate of $300.87 million. As a group, equities analysts anticipate that MediaAlpha, Inc. will post 1.4 EPS for the current year.

Institutional Investors Weigh In On MediaAlpha

Hedge funds have recently bought and sold shares of the company. Clearline Capital LP increased its stake in shares of MediaAlpha by 0.8% in the fourth quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock worth $16,854,000 after purchasing an additional 10,604 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in MediaAlpha by 24.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock valued at $9,876,000 after purchasing an additional 206,077 shares during the period. Jacobs Asset Management LLC grew its holdings in MediaAlpha by 31.1% in the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after buying an additional 219,144 shares during the last quarter. Dimensional Fund Advisors LP increased its position in MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock worth $5,773,000 after buying an additional 300,871 shares during the period. Finally, Triad Investment Management increased its position in MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock worth $4,635,000 after buying an additional 34,867 shares during the period. 64.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Texas Capital upgraded shares of MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group lifted their price objective on shares of MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Royal Bank Of Canada raised their price objective on MediaAlpha from $11.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.29.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.