MediaAlpha (NYSE:MAX) Insider Sells $240,240.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 24,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $10.01, for a total transaction of $240,240.00. Following the completion of the transaction, the insider owned 2,855,690 shares of the company’s stock, valued at $28,585,456.90. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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.

Steven Yi also recently made the following trade(s):

• On Wednesday, May 6th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.14, for a total transaction of $36,560.00.
• On Monday, May 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.05, for a total transaction of $36,200.00.
• On Wednesday, April 29th, Steven Yi sold 26,739 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $267,390.00.
• On Tuesday, April 28th, Steven Yi sold 6,565 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $65,650.00.
• On Monday, April 27th, Steven Yi sold 33,663 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total transaction of $336,293.37.
• On Wednesday, April 22nd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.88, for a total transaction of $39,520.00.
• On Tuesday, April 21st, Steven Yi sold 16,047 shares of MediaAlpha stock. The shares were sold at an average price of $10.08, for a total transaction of $161,753.76.
• On Monday, April 20th, Steven Yi sold 28,543 shares of MediaAlpha stock. The stock was sold at an average price of $10.06, for a total transaction of $287,142.58.
• On Wednesday, April 15th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.68, for a total value of $38,720.00.
• On Monday, April 13th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.07, for a total value of $36,280.00.

MediaAlpha Trading Up 0.1%

Shares of MAX opened at $10.14 on Friday. The firm has a market cap of $632.35 million, a PE ratio of 15.85 and a beta of 1.16. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $13.92. The stock has a fifty day moving average price of $9.20 and a 200-day moving average price of $10.12.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, April 29th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.The business had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $298.91 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts forecast that MediaAlpha, Inc. will post 1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MAX. Weiss Ratings downgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. The Goldman Sachs Group lowered their target price on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Keefe, Bruyette & Woods dropped their target price on shares of MediaAlpha from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Capital One Financial set a $11.00 price target on shares of MediaAlpha in a research note on Tuesday, June 9th. Finally, Texas Capital raised shares of MediaAlpha to a “strong-buy” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.58.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its position in shares of MediaAlpha by 2.3% during the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock valued at $561,000 after buying an additional 1,144 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after acquiring an additional 1,213 shares during the period. Quarry LP increased its holdings in MediaAlpha by 43.3% in the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after acquiring an additional 1,234 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in MediaAlpha by 13.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company’s stock worth $140,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position 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 acquiring an additional 2,124 shares during the period. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

About MediaAlpha

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.