MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 25,000 Shares of Company Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 25,000 shares of the business’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $14.47, for a total value of $361,750.00. Following the completion of the transaction, the chief technology officer directly owned 518,091 shares of the company’s stock, valued at approximately $7,496,776.77. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 2nd, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The stock was sold at an average price of $14.91, for a total value of $372,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.77, for a total value of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total value of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.00, for a total value 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 value of $162,600.00.

MediaAlpha Stock Performance

Shares of MediaAlpha stock opened at $15.15 on Wednesday. The company has a market capitalization of $927.91 million, a PE ratio of 8.32 and a beta of 1.12. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50-day simple moving average of $11.36 and a two-hundred day simple moving average of $10.69. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $15.22.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The business had revenue of $375.95 million for the quarter, compared to analysts’ expectations of $347.93 million. Research analysts expect that MediaAlpha, Inc. will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MAX shares. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lifted their price target on shares of MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Weiss Ratings raised MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods increased their price objective on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen cut MediaAlpha from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.71.

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in shares of MediaAlpha by 380.9% during the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after acquiring an additional 221,540 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 purchasing an additional 300,871 shares during the last quarter. Jacobs Asset Management LLC raised its position 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 purchasing an additional 219,144 shares during the last quarter. Globeflex Capital L P acquired a new stake in MediaAlpha in the 2nd quarter worth approximately $702,000. Finally, Principal Financial Group Inc. boosted its stake in MediaAlpha by 288.7% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.