Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells 4,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $9.23, for a total transaction of $36,920.00. Following the sale, the insider owned 3,039,247 shares in the company, valued at $28,052,249.81. This represents a 0.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Yi also recently made the following trade(s):

• On Wednesday, April 1st, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.15, for a total transaction of $36,600.00.
• On Wednesday, March 25th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.42, for a total transaction of $37,680.00.
• On Monday, March 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.67, for a total transaction of $38,680.00.
• On Wednesday, March 18th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.59, for a total value of $38,360.00.
• On Tuesday, March 17th, Steven Yi sold 5,227 shares of MediaAlpha stock. The shares were sold at an average price of $9.94, for a total value of $51,956.38.
• On Monday, March 16th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.93, for a total value of $39,720.00.
• On Tuesday, March 10th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.75, for a total value of $39,000.00.
• On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The shares were sold at an average price of $9.86, for a total value of $55,709.00.
• On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.03, for a total value of $80,240.00.
• On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total value of $392,127.48.

MediaAlpha Trading Up 0.1%

NYSE:MAX traded up $0.01 on Thursday, hitting $9.09. 96,262 shares of the company’s stock traded hands, compared to its average volume of 831,353. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92. The firm has a 50-day moving average price of $9.34 and a 200-day moving average price of $11.18. The company has a market cap of $586.27 million, a PE ratio of 23.29 and a beta of 1.30.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Monday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.25. The business had revenue of $291.16 million during the quarter, compared to analyst estimates of $296.42 million. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, research analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. JPMorgan Chase & Co. reduced their price objective on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods lowered their target price on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Finally, Wall Street Zen lowered MediaAlpha from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, MediaAlpha has an average rating of “Moderate Buy” and a consensus price target of $14.58.

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its position in MediaAlpha by 5,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after buying an additional 2,124 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after buying an additional 2,777 shares in the last quarter. Strs Ohio acquired a new stake in shares of MediaAlpha in the fourth quarter worth about $49,000. Quarry LP lifted its position in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after buying an additional 1,234 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after acquiring an additional 1,213 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.

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.