Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 7,778 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 7,778 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $12.45, for a total transaction of $96,836.10. Following the transaction, the director directly owned 1,016,557 shares in the company, valued at $12,656,134.65. The trade was a 0.76% 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.

Eugene Nonko also recently made the following trade(s):

• On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.50, for a total transaction of $33,337.50.
• On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total transaction of $102,398.40.
• On Monday, August 3rd, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.54, for a total value of $41,156.28.
• On Wednesday, July 29th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.05, for a total transaction of $133,812.20.
• On Wednesday, July 29th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.05, for a total transaction of $69,575.60.
• On Tuesday, July 28th, Eugene Nonko sold 10,843 shares of MediaAlpha stock. The stock was sold at an average price of $13.78, for a total value of $149,416.54.
• On Tuesday, July 28th, Eugene Nonko sold 6,622 shares of MediaAlpha stock. The stock was sold at an average price of $13.86, for a total transaction of $91,780.92.
• On Monday, July 27th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.28, for a total transaction of $108,962.40.
• On Monday, July 27th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.28, for a total value of $43,584.96.
• On Monday, July 20th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The stock was sold at an average price of $13.87, for a total value of $68,684.24.

MediaAlpha Trading Down 0.9%

MAX stock traded down $0.11 during trading on Wednesday, hitting $12.27. 1,379,455 shares of the stock traded hands, compared to its average volume of 795,902. The stock has a market cap of $764.79 million, a price-to-earnings ratio of 7.57 and a beta of 1.11. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70. The company has a 50 day simple moving average of $11.71 and a 200 day simple moving average of $10.20.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. The company 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%. As a group, analysts predict that MediaAlpha, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MAX shares. Zacks Research downgraded shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Royal Bank Of Canada boosted their price objective on shares of MediaAlpha from $11.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Capital One Financial set a $11.00 price target on shares of MediaAlpha in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.86.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors have recently made changes to their positions in the company. Jacobs Asset Management LLC boosted its stake in 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 purchasing an additional 219,144 shares during the period. Principal Financial Group Inc. increased its position in shares of MediaAlpha by 288.7% in the first quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock worth $1,280,000 after purchasing an additional 102,210 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of MediaAlpha by 24.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock valued at $9,876,000 after buying an additional 206,077 shares in the last quarter. Globeflex Capital L P acquired a new position in MediaAlpha during the fourth quarter valued at approximately $1,039,000. Finally, Triad Investment Management raised its holdings in shares of MediaAlpha by 21.2% during the 1st quarter. Triad Investment Management now owns 333,864 shares of the company’s stock worth $3,105,000 after buying an additional 58,427 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

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.