Insider Selling: MediaAlpha (NYSE:MAX) Director Sells $83,566.77 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 7,273 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $11.49, for a total transaction of $83,566.77. Following the transaction, the director owned 875,157 shares in the company, valued at approximately $10,055,553.93. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing 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.

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

• On Tuesday, September 15th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.48, for a total transaction of $22,271.20.
• On Monday, September 14th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $11.96, for a total transaction of $93,024.88.
• On Monday, September 14th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.03, for a total value of $32,084.01.
• On Thursday, September 10th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.62, for a total value of $84,512.26.
• On Thursday, September 10th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.52, for a total value of $22,348.80.
• On Tuesday, September 8th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.70, for a total value 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 value of $22,698.00.
• On Wednesday, September 2nd, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were 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 stock was 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.

MediaAlpha Trading Down 3.8%

MediaAlpha stock traded down $0.44 during trading hours on Wednesday, reaching $11.01. 664,522 shares of the stock were exchanged, compared to its average volume of 763,519. The company has a market cap of $674.66 million, a P/E ratio of 6.80 and a beta of 1.16. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $14.70. The stock has a 50 day moving average of $12.94 and a two-hundred day moving average of $10.88.

MediaAlpha (NYSE:MAX) last issued its 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 net margin of 7.94% and a negative return on equity of 301.42%. The company had revenue of $316.88 million during the quarter, compared to analysts’ expectations of $300.87 million. On average, analysts expect that MediaAlpha, Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAX has been the subject of several research analyst reports. 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, August 5th. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Zacks Research raised MediaAlpha from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Capital One Financial set a $11.00 price target on MediaAlpha in a report on Tuesday, June 9th. Finally, Texas Capital upgraded MediaAlpha to a “strong-buy” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Hedge Funds Weigh In On MediaAlpha

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearline Capital LP boosted its position in MediaAlpha by 0.8% in the fourth quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock valued at $16,854,000 after buying an additional 10,604 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of MediaAlpha by 24.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after buying an additional 206,077 shares in the last quarter. Jacobs Asset Management LLC lifted its stake in shares of 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 acquiring an additional 219,144 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after acquiring an additional 300,871 shares during the last quarter. Finally, Triad Investment Management boosted its holdings in shares of 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 acquiring an additional 34,867 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

About MediaAlpha

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.