MediaAlpha (NYSE:MAX) Director Sells $133,340.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 13,334 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $10.00, for a total transaction of $133,340.00. Following the completion of the transaction, the director directly owned 1,213,939 shares in the company, valued at approximately $12,139,390. The trade was a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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, June 17th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total transaction of $66,736.67.
• On Wednesday, June 17th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $10,670.00.
• On Tuesday, June 16th, Eugene Nonko sold 2,134 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $21,340.00.
• On Wednesday, June 10th, Eugene Nonko sold 20,001 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $200,010.00.
• On Wednesday, June 10th, Eugene Nonko sold 3,201 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $32,010.00.
• On Wednesday, April 29th, Eugene Nonko sold 26,888 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total value of $269,148.88.
• On Wednesday, April 29th, Eugene Nonko sold 25,606 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total value of $256,316.06.
• On Tuesday, April 28th, Eugene Nonko sold 5,150 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total value 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 value 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 value of $276,230.52.

MediaAlpha Stock Up 1.2%

MAX traded up $0.12 during midday trading on Thursday, reaching $10.14. The company had a trading volume of 575,241 shares, compared to its average volume of 719,922. The business has a 50-day moving average of $9.18 and a two-hundred day moving average of $10.14. The company has a market cap of $632.35 million, a P/E ratio of 15.85 and a beta of 1.16. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The company had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $298.91 million. MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. On average, equities research analysts predict that MediaAlpha, Inc. will post 1.02 EPS for the current year.

Institutional Investors Weigh In On MediaAlpha

Institutional investors have recently added to or reduced their stakes in the stock. Triad Investment Management bought a new position in shares of MediaAlpha during the fourth quarter worth $3,567,000. JPMorgan Chase & Co. increased its holdings in MediaAlpha by 95.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after acquiring an additional 516,195 shares during the last quarter. Globeflex Capital L P purchased a new stake in MediaAlpha in the 4th quarter worth $1,039,000. Cornerstone Investment Partners LLC purchased a new stake in MediaAlpha in the 4th quarter worth $190,000. Finally, Moran Wealth Management LLC bought a new position in shares of MediaAlpha during the 4th quarter valued at about $165,000. 64.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada dropped 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. Weiss Ratings downgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upped their target price on shares of MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, The Goldman Sachs Group decreased their price target on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.58.

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.