MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 6,700 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $10.57, for a total value of $70,819.00. Following the transaction, the director owned 1,482,420 shares of the company’s stock, valued at $15,669,179.40. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, January 28th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.58, for a total transaction of $57,132.00.
• On Monday, January 26th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $10.85, for a total transaction of $72,695.00.
• On Monday, January 26th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.87, for a total transaction of $58,698.00.
• On Thursday, January 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total transaction of $75,040.00.
• On Thursday, January 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total transaction of $60,480.00.
• On Tuesday, January 20th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.21, for a total transaction of $75,107.00.
• On Tuesday, January 20th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.21, for a total value of $60,534.00.
• On Wednesday, January 14th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total value of $78,390.00.
• On Wednesday, January 14th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total value of $63,180.00.
• On Monday, January 12th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.52, for a total value of $77,184.00.

MediaAlpha Stock Down 2.3%

NYSE:MAX traded down $0.25 during mid-day trading on Wednesday, reaching $10.48. 410,394 shares of the company were exchanged, compared to its average volume of 493,150. The stock has a market cap of $682.68 million, a PE ratio of -349.05 and a beta of 1.21. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $13.92. The company has a fifty day moving average of $12.29 and a 200 day moving average of $11.68.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. MediaAlpha’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 earnings per share. On average, equities research analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

A number of hedge funds have recently modified their holdings of the company. Intech Investment Management LLC boosted its stake in MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after acquiring an additional 1,105 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of MediaAlpha by 2.3% during the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after purchasing an additional 1,144 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares in the last quarter. Quarry LP grew its holdings in shares of MediaAlpha by 43.3% in the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after buying an additional 1,234 shares during the period. Finally, Corton Capital Inc. increased its position in shares of MediaAlpha by 8.2% in the 2nd quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after buying an additional 1,425 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAX. Canaccord Genuity Group restated a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Keefe, Bruyette & Woods increased their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.25.

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.