MediaAlpha (NYSE:MAX) CTO Sells $28,320.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock in a transaction on Friday, March 27th. The stock was sold at an average price of $9.44, for a total value of $28,320.00. Following the sale, the chief technology officer owned 577,879 shares of the company’s stock, valued at approximately $5,455,177.76. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, March 6th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.34, for a total transaction of $31,020.00.
• On Friday, February 13th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.31, for a total transaction of $87,720.00.
• On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.48, for a total value of $34,440.00.
• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.95, for a total value of $38,850.00.

MediaAlpha Stock Performance

NYSE MAX opened at $9.08 on Friday. The company has a market capitalization of $585.72 million, a price-to-earnings ratio of 23.29 and a beta of 1.30. The company’s 50-day simple moving average is $9.46 and its two-hundred day simple moving average is $11.27. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $13.92.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Monday, February 23rd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.25. The company had revenue of $291.16 million during the quarter, compared to the consensus estimate of $296.42 million. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. MediaAlpha’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Equities analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of MediaAlpha

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in MediaAlpha by 5.1% in the second quarter. Geode Capital Management LLC now owns 764,702 shares of the company’s stock valued at $8,375,000 after purchasing an additional 36,949 shares during the last quarter. Creative Planning acquired a new position in shares of MediaAlpha during the 2nd quarter worth approximately $168,000. Intech Investment Management LLC lifted its position in shares of MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock valued at $203,000 after buying an additional 1,105 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of MediaAlpha by 106.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,617 shares of the company’s stock valued at $379,000 after buying an additional 17,868 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in MediaAlpha by 75.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 542,246 shares of the company’s stock valued at $5,938,000 after acquiring an additional 233,948 shares during the period. 64.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAX shares. Wall Street Zen lowered MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, February 25th. Zacks Research lowered MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group decreased their price target on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods lowered their price target on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, MediaAlpha currently has a consensus rating of “Moderate Buy” and an average price target of $14.58.

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.