Sei Investments Co. Has $332,000 Stake in MediaAlpha, Inc. $MAX

Sei Investments Co. reduced its stake in shares of MediaAlpha, Inc. (NYSE:MAX) by 56.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,738 shares of the company’s stock after selling 46,106 shares during the period. Sei Investments Co. owned 0.06% of MediaAlpha worth $332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of 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 acquiring an additional 300,871 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of MediaAlpha by 288.7% during the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock valued at $1,280,000 after acquiring an additional 102,210 shares during the period. Globeflex Capital L P bought a new position in shares of MediaAlpha during the 4th quarter worth about $1,039,000. Triad Investment Management lifted its stake in shares of MediaAlpha by 21.2% in the first quarter. Triad Investment Management now owns 333,864 shares of the company’s stock valued at $3,105,000 after buying an additional 58,427 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings 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 valued at $61,000 after buying an additional 1,213 shares during the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAX has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of MediaAlpha from $10.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. TD Cowen lowered their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, June 23rd. Texas Capital upgraded MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.86.

MediaAlpha Stock Performance

MAX opened at $13.15 on Monday. The firm has a market cap of $805.81 million, a P/E ratio of 8.12 and a beta of 1.11. The firm has a 50-day moving average of $12.37 and a 200 day moving average of $10.30. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $14.70.

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

Insider Buying and Selling at MediaAlpha

In other MediaAlpha news, Director Eugene Nonko sold 3,282 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $12.89, for a total transaction of $42,304.98. Following the completion of the transaction, the director owned 842,400 shares in the company, valued at $10,858,536. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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. Also, insider Steven Yi sold 72,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $12.64, for a total transaction of $910,080.00. Following the transaction, the insider owned 2,387,690 shares of the company’s stock, valued at $30,180,401.60. This represents a 2.93% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders sold 519,726 shares of company stock worth $6,540,242. Corporate insiders own 14.65% of the company’s stock.

MediaAlpha 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.