MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 8,205 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $12.78, for a total transaction of $104,859.90. Following the completion of the sale, the director owned 975,959 shares of the company’s stock, valued at approximately $12,472,756.02. The trade was a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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.

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

• On Wednesday, August 19th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.23, for a total transaction of $108,552.15.
• On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.20, for a total value of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total value of $42,075.24.
• On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.78, for a total transaction of $104,859.90.
• On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.89, for a total transaction of $42,304.98.
• On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.57, for a total value of $111,341.85.
• On Monday, August 10th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.30, for a total transaction of $43,650.60.
• On Tuesday, August 4th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.45, for a total transaction of $96,836.10.
• On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.50, for a total value of $33,337.50.
• On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total value of $102,398.40.

MediaAlpha Trading Up 2.4%

Shares of NYSE:MAX opened at $13.51 on Thursday. The company has a 50 day moving average of $12.59 and a 200 day moving average of $10.35. The stock has a market cap of $827.62 million, a P/E ratio of 8.34 and a beta of 1.11. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $14.70.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million for the quarter, compared to analyst estimates of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. On average, equities analysts forecast that MediaAlpha, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its stake in MediaAlpha by 680.9% during the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after purchasing an additional 1,246,493 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock worth $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 in the 2nd quarter worth $4,268,000. Lighthouse Investment Partners LLC grew its stake in shares of 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research lowered shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. TD Cowen reduced their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their price target on MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Texas Capital raised MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group lifted their target price on shares of MediaAlpha from $10.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.86.

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.