MediaAlpha (NYSE:MAX) Stock: Insider Kuanling Amy Yeh Sells 3,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 3,000 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $9.40, for a total transaction of $28,200.00. Following the completion of the sale, the chief technology officer directly owned 546,091 shares of the company’s stock, valued at approximately $5,133,255.40. This trade represents a 0.55% 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. 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.

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

• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was 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 Trading Down 2.0%

MAX stock traded down $0.18 during trading on Friday, reaching $9.27. 676,757 shares of the stock were exchanged, compared to its average volume of 697,307. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $14.70. The company has a market capitalization of $567.57 million, a P/E ratio of 5.72 and a beta of 1.16. The stock has a 50 day simple moving average of $12.44 and a 200-day simple moving average of $10.88.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The firm had revenue of $316.88 million during the quarter, compared to analysts’ expectations of $300.87 million. Equities analysts predict that MediaAlpha, Inc. will post 1.4 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on MAX shares. JPMorgan Chase & Co. started coverage on MediaAlpha in a research report on Monday, August 24th. They issued a “neutral” rating and a $15.00 target price for the company. Texas Capital raised shares of MediaAlpha to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings cut shares of MediaAlpha from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 17th. Canaccord Genuity Group raised their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently made changes to their positions in the company. Triad Investment Management lifted its holdings in MediaAlpha by 10.4% during the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after purchasing an additional 34,867 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of MediaAlpha by 8.7% during the second quarter. Squarepoint Ops LLC now owns 234,255 shares of the company’s stock worth $2,945,000 after buying an additional 18,714 shares in the last quarter. Corient Private Wealth LP raised its stake in shares of MediaAlpha by 50.7% in the second quarter. Corient Private Wealth LP now owns 23,451 shares of the company’s stock valued at $295,000 after acquiring an additional 7,892 shares during the last quarter. AXQ Capital LP acquired a new position in shares of MediaAlpha in the 2nd quarter worth approximately $316,000. Finally, Globeflex Capital L P acquired a new position in shares of MediaAlpha in the 2nd quarter worth approximately $702,000. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.