MediaAlpha (NYSE:MAX) Stock: Insider Eugene Nonko Sells 7,273 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 7,273 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $11.39, for a total value of $82,839.47. Following the completion of the sale, the director directly owned 827,276 shares of the company’s stock, valued at approximately $9,422,673.64. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, October 21st, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $84,584.99.
• On Wednesday, October 21st, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total value of $22,562.20.
• On Monday, October 19th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.39, for a total transaction of $22,096.60.
• On Wednesday, October 14th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The shares were sold at an average price of $10.37, for a total transaction of $69,136.79.
• On Wednesday, October 14th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.41, for a total transaction of $11,107.47.
• On Monday, October 12th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.15, for a total transaction of $67,670.05.
• On Monday, October 12th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.14, for a total transaction of $10,819.38.
• On Monday, September 21st, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.53, for a total value of $70,203.51.
• On Monday, September 21st, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.54, for a total value of $11,246.18.
• On Tuesday, September 15th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.49, for a total value of $83,566.77.

MediaAlpha Trading Down 2.3%

Shares of MediaAlpha stock traded down $0.28 during trading on Wednesday, reaching $11.52. The stock had a trading volume of 558,510 shares, compared to its average volume of 1,006,981. The company has a market capitalization of $705.41 million, a price-to-earnings ratio of 7.11 and a beta of 1.14. The stock has a fifty day moving average price of $11.32 and a two-hundred day moving average price of $10.98. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $14.70.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data 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. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. The business had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. On average, equities analysts forecast that MediaAlpha, Inc. will post 1.40 EPS for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently modified their holdings of MAX. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 300,871 shares during the last quarter. Bank of America Corp DE increased its position in MediaAlpha by 380.9% during the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after buying an additional 221,540 shares during the last quarter. Jacobs Asset Management LLC raised its stake in MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after buying an additional 219,144 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in MediaAlpha by 24.1% in the first 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 during the period. Finally, Principal Financial Group Inc. raised its stake in MediaAlpha by 288.7% in the first quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock valued at $1,280,000 after buying an additional 102,210 shares during the period. 64.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MAX. JPMorgan Chase & Co. initiated coverage on shares of MediaAlpha in a research note on Monday, August 24th. They set a “neutral” rating and a $15.00 price target for the company. Royal Bank Of Canada boosted their price objective on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Keefe, Bruyette & Woods raised their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Canaccord Genuity Group lifted their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.79.

About MediaAlpha

MediaAlpha, Inc (NYSE: MAX) operates a technology platform designed to help insurance companies and distributors acquire customers through digital channels. Its platform connects consumers who are shopping for insurance with providers and other distribution partners, using data, analytics and automated transactions to facilitate customer acquisition.

The company’s services primarily support insurance shopping and marketing across categories such as auto, home, health and life insurance.