Insider Selling: MediaAlpha (NYSE:MAX) CTO Sells 25,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 25,000 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $14.47, for a total transaction of $361,750.00. Following the completion of the sale, the chief technology officer directly owned 518,091 shares of the company’s stock, valued at $7,496,776.77. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 2nd, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The shares were sold at an average price of $14.91, for a total transaction of $372,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.77, for a total transaction of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.40, for a total transaction of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was 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 shares were sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Trading Up 2.5%

MAX traded up $0.37 during trading hours on Tuesday, reaching $15.15. The company’s stock had a trading volume of 1,400,998 shares, compared to its average volume of 1,144,826. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $15.22. The stock has a market cap of $927.91 million, a PE ratio of 8.32 and a beta of 1.12. The business’s 50-day moving average is $11.31 and its 200-day moving average is $10.67. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.18. The company had revenue of $375.95 million during the quarter, compared to analyst estimates of $347.93 million. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. As a group, equities research analysts predict that MediaAlpha, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of MediaAlpha

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in MediaAlpha by 94.1% during the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock worth $5,773,000 after purchasing an additional 300,871 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of MediaAlpha by 380.9% in the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after buying an additional 221,540 shares during the period. Jacobs Asset Management LLC raised its holdings in shares of 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 period. Arrowstreet Capital Limited Partnership raised its holdings in shares of MediaAlpha by 24.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock valued at $9,876,000 after buying an additional 206,077 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in MediaAlpha by 288.7% during the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock worth $1,280,000 after acquiring an additional 102,210 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

MAX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Royal Bank Of Canada boosted their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Canaccord Genuity Group upped their target price on shares of MediaAlpha from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. The Goldman Sachs Group increased their target price on shares of MediaAlpha from $10.50 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Finally, Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, MediaAlpha presently has a consensus rating of “Moderate Buy” and an average target price of $14.71.

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.