Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 7,273 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 7,273 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $11.62, for a total transaction of $84,512.26. Following the completion of the sale, the director directly owned 890,208 shares in the company, valued at approximately $10,344,216.96. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Thursday, September 10th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.52, for a total transaction of $22,348.80.
• On Tuesday, September 8th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $85,094.10.
• On Tuesday, September 8th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $22,698.00.
• On Wednesday, September 2nd, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.24, for a total value of $95,202.72.
• On Wednesday, September 2nd, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.22, for a total value of $32,590.74.
• On Monday, August 31st, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.61, for a total value of $98,080.58.
• On Monday, August 31st, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.59, for a total transaction of $33,577.53.
• On Wednesday, August 26th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.55, for a total transaction of $97,613.90.
• On Wednesday, August 26th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.56, for a total transaction of $33,497.52.
• On Monday, August 24th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.99, for a total value of $106,582.95.

MediaAlpha Stock Up 1.3%

Shares of MediaAlpha stock traded up $0.15 during trading on Thursday, reaching $11.73. 412,574 shares of the company were exchanged, compared to its average volume of 523,431. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $14.70. The business has a 50-day moving average price of $13.11 and a 200-day moving average price of $10.79. The firm has a market capitalization of $718.40 million, a price-to-earnings ratio of 7.24 and a beta of 1.16.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.42. The firm had revenue of $316.88 million for the quarter, compared to analysts’ expectations of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. On average, equities research analysts forecast that MediaAlpha, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MAX shares. TD Cowen decreased their price objective on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, June 23rd. Texas Capital raised MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. Zacks Research raised MediaAlpha from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. initiated coverage on MediaAlpha in a research report on Monday, August 24th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, Capital One Financial set a $11.00 price target on shares of MediaAlpha in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.29.

Institutional Trading of MediaAlpha

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing 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 worth $36,000 after acquiring an additional 2,777 shares in the last quarter. Quarry LP grew its stake in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares in the last quarter. Strs Ohio acquired a new stake in shares of MediaAlpha in the 4th quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC increased its holdings in MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after buying an additional 1,213 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

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.