MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 25,000 Shares of Company Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 25,000 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $14.91, for a total transaction of $372,750.00. Following the completion of the sale, the chief technology officer directly owned 493,091 shares of the company’s stock, valued at approximately $7,351,986.81. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, October 30th, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The stock was sold at an average price of $14.47, for a total transaction of $361,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.77, for a total transaction of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total transaction of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.00, for a total transaction of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Stock Up 2.5%

MAX stock opened at $15.15 on Wednesday. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $15.22. The company has a market cap of $927.91 million, a PE ratio of 8.32 and a beta of 1.12. The business’s 50-day simple moving average is $11.36 and its 200 day simple moving average is $10.69. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 8.49.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.18. The firm had revenue of $375.95 million for the quarter, compared to analyst estimates of $347.93 million. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. On average, research analysts anticipate that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAX. Bank of America Corp DE boosted its stake in MediaAlpha by 380.9% in the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after buying an additional 221,540 shares in the last quarter. Dimensional Fund Advisors LP grew its position in MediaAlpha by 94.1% in the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after acquiring an additional 300,871 shares during the period. Jacobs Asset Management LLC grew its position in MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after acquiring an additional 219,144 shares during the period. Globeflex Capital L P bought a new stake in MediaAlpha in the second quarter valued at $702,000. Finally, Principal Financial Group Inc. raised its stake in MediaAlpha by 288.7% during the first quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock worth $1,280,000 after acquiring an additional 102,210 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MAX. Wall Street Zen lowered MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Canaccord Genuity Group lifted their price target on shares of MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada increased their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. One 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. Based on data from MarketBeat.com, MediaAlpha currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.