Eugene Nonko Sells 26,888 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 26,888 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $10.01, for a total value of $269,148.88. Following the completion of the transaction, the director directly owned 1,247,274 shares of the company’s stock, valued at approximately $12,485,212.74. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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, April 29th, Eugene Nonko sold 25,606 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total transaction of $256,316.06.
• On Tuesday, April 28th, Eugene Nonko sold 5,150 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $51,500.00.
• On Tuesday, April 28th, Eugene Nonko sold 2,003 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $20,030.00.
• On Monday, April 27th, Eugene Nonko sold 27,513 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $276,230.52.
• On Monday, April 27th, Eugene Nonko sold 27,972 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total transaction of $280,838.88.
• On Tuesday, April 21st, Eugene Nonko sold 22,274 shares of MediaAlpha stock. The stock was sold at an average price of $10.07, for a total transaction of $224,299.18.
• On Tuesday, April 21st, Eugene Nonko sold 15,172 shares of MediaAlpha stock. The shares were sold at an average price of $10.09, for a total transaction of $153,085.48.
• On Monday, April 20th, Eugene Nonko sold 49,844 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total value of $500,433.76.
• On Monday, April 20th, Eugene Nonko sold 24,529 shares of MediaAlpha stock. The stock was sold at an average price of $10.05, for a total value of $246,516.45.
• On Tuesday, March 17th, Eugene Nonko sold 404 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total value of $4,040.00.

MediaAlpha Trading Down 0.1%

MAX stock traded down $0.01 during trading on Wednesday, reaching $10.00. The stock had a trading volume of 668,947 shares, compared to its average volume of 754,992. The firm has a market cap of $645.09 million, a PE ratio of 25.65 and a beta of 1.39. The stock’s 50 day moving average is $9.51 and its two-hundred day moving average is $10.87. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The business had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $298.91 million. On average, research analysts anticipate that MediaAlpha, Inc. will post 1.13 EPS for the current year.

Institutional Trading of MediaAlpha

Institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of MediaAlpha by 5,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after buying an additional 2,124 shares in 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 acquiring an additional 2,777 shares during the period. Strs Ohio purchased a new position in shares of MediaAlpha in the fourth quarter valued at about $49,000. Quarry LP boosted its stake 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 acquiring an additional 1,234 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of MediaAlpha by 28.0% in the second 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 during the period. 64.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada reduced their price target on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. The Goldman Sachs Group reduced their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings raised shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, MediaAlpha currently has an average rating of “Moderate Buy” and an average target price of $12.70.

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.