Insider Selling: MediaAlpha (NYSE:MAX) CTO Sells $33,480.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $11.16, for a total transaction of $33,480.00. Following the completion of the transaction, the chief technology officer directly owned 566,985 shares of the company’s stock, valued at approximately $6,327,552.60. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.

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

• On Friday, June 5th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.89, for a total value of $26,670.00.
• On Friday, May 15th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.05, for a total transaction of $96,600.00.
• On Friday, April 10th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.25, for a total transaction of $27,750.00.

MediaAlpha Trading Up 0.1%

Shares of NYSE MAX opened at $11.90 on Monday. The company has a market capitalization of $741.72 million, a P/E ratio of 18.59 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 50 day moving average of $9.35 and a 200-day moving average of $10.02.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The company had revenue of $310.00 million during the quarter, compared to analyst estimates of $298.91 million. During the same quarter last year, the company posted ($0.04) EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts predict that MediaAlpha, Inc. will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MAX shares. Weiss Ratings downgraded MediaAlpha from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. boosted their target price on MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a report on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.36.

Hedge Funds Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA bought a new position in shares of MediaAlpha during the 1st quarter worth approximately $122,000. Bank of America Corp DE increased its stake in shares of MediaAlpha by 380.9% in the 1st 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. Amundi lifted its position in shares of MediaAlpha by 33.2% during the 1st quarter. Amundi now owns 78,104 shares of the company’s stock valued at $726,000 after acquiring an additional 19,488 shares during the period. Stoic Point Capital Management LLC lifted its position in shares of MediaAlpha by 6.6% during the 1st quarter. Stoic Point Capital Management LLC now owns 221,041 shares of the company’s stock valued at $2,056,000 after acquiring an additional 13,743 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in MediaAlpha by 150.9% during the first quarter. Quantinno Capital Management LP now owns 107,274 shares of the company’s stock worth $998,000 after acquiring an additional 64,526 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.