MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 3,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $12.00, for a total transaction of $36,000.00. Following the sale, the chief technology officer directly owned 549,091 shares of the company’s stock, valued at approximately $6,589,092. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

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

• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.
• On Friday, June 26th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.16, for a total value of $33,480.00.

MediaAlpha Stock Performance

NYSE MAX opened at $11.53 on Thursday. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70. The business’s fifty day moving average is $13.11 and its two-hundred day moving average is $10.79. The stock has a market capitalization of $706.39 million, a P/E ratio of 7.12 and a beta of 1.16.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.42. The business had revenue of $316.88 million during 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, research analysts forecast that MediaAlpha, Inc. will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On MediaAlpha

Large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in MediaAlpha by 380.9% in the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after purchasing an additional 221,540 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MediaAlpha by 94.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after buying an additional 300,871 shares during the last quarter. Jacobs Asset Management LLC grew its stake 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of MediaAlpha by 288.7% in the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock valued at $1,280,000 after buying an additional 102,210 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in MediaAlpha by 150.9% in the first quarter. Quantinno Capital Management LP now owns 107,274 shares of the company’s stock worth $998,000 after buying an additional 64,526 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAX shares. JPMorgan Chase & Co. assumed coverage on MediaAlpha in a report on Monday, August 24th. They set a “neutral” rating and a $15.00 price objective on the stock. Capital One Financial set a $11.00 price target on shares of MediaAlpha in a research report on Tuesday, June 9th. Zacks Research raised shares of MediaAlpha from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Keefe, Bruyette & Woods lifted their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Finally, TD Cowen cut 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, MediaAlpha presently has a consensus rating of “Moderate Buy” and an average target price of $14.29.

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.