MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 4,952 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 4,952 shares of MediaAlpha stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $13.87, for a total value of $68,684.24. Following the transaction, the director directly owned 885,622 shares of the company’s stock, valued at $12,283,577.14. The trade was a 0.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.

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

• On Monday, July 20th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The stock was sold at an average price of $13.82, for a total transaction of $131,621.68.
• On Wednesday, July 8th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.61, for a total transaction of $111,670.05.
• On Wednesday, July 8th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.78, for a total transaction of $45,225.96.
• On Tuesday, July 7th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.06, for a total transaction of $133,907.44.
• On Tuesday, July 7th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.08, for a total transaction of $69,724.16.
• On Monday, July 6th, Eugene Nonko sold 25,352 shares of MediaAlpha stock. The stock was sold at an average price of $13.86, for a total transaction of $351,378.72.
• On Monday, July 6th, Eugene Nonko sold 24,992 shares of MediaAlpha stock. The stock was sold at an average price of $13.91, for a total transaction of $347,638.72.
• On Wednesday, July 1st, Eugene Nonko sold 9,059 shares of MediaAlpha stock. The shares were sold at an average price of $12.80, for a total transaction of $115,955.20.
• On Wednesday, July 1st, Eugene Nonko sold 4,512 shares of MediaAlpha stock. The shares were sold at an average price of $12.77, for a total transaction of $57,618.24.
• On Monday, June 29th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $11.93, for a total transaction of $92,791.54.

MediaAlpha Stock Performance

MediaAlpha stock opened at $13.85 on Wednesday. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $14.70. The stock has a market cap of $863.55 million, a P/E ratio of 21.64 and a beta of 1.08. The firm’s fifty day moving average price is $11.26 and its 200-day moving average price is $10.15.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $298.91 million. During the same period in the prior year, the business posted ($0.04) EPS. MediaAlpha’s quarterly revenue was up 17.3% on a year-over-year basis. Sell-side analysts predict that MediaAlpha, Inc. will post 0.97 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on MAX. Texas Capital raised MediaAlpha to a “strong-buy” rating in a report on Tuesday, June 9th. Zacks Research cut shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. TD Cowen lowered their target price on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, MediaAlpha presently has a consensus rating of “Moderate Buy” and an average target price of $12.64.

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently added to or reduced their stakes in MAX. Millennium Management LLC boosted its holdings in shares of MediaAlpha by 680.9% in the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after purchasing an additional 1,246,493 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of MediaAlpha by 1,261.9% during the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock valued at $8,089,000 after buying an additional 658,625 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of MediaAlpha during the 2nd quarter valued at about $4,268,000. Lighthouse Investment Partners LLC lifted its position in MediaAlpha by 831.7% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company’s stock worth $4,028,000 after buying an additional 315,943 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in MediaAlpha by 29.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock worth $17,714,000 after buying an additional 309,455 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

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.