MediaAlpha (NYSE:MAX) Director Sells $70,819.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $10.57, for a total transaction of $70,819.00. Following the transaction, the director directly owned 1,482,420 shares in the company, valued at $15,669,179.40. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, January 28th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $10.58, for a total value of $57,132.00.
• On Monday, January 26th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.85, for a total value of $72,695.00.
• On Monday, January 26th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.87, for a total value of $58,698.00.
• On Thursday, January 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $75,040.00.
• On Thursday, January 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total value of $60,480.00.
• On Tuesday, January 20th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.21, for a total transaction of $75,107.00.
• On Tuesday, January 20th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.21, for a total transaction of $60,534.00.
• On Wednesday, January 14th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $78,390.00.
• On Wednesday, January 14th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.70, for a total transaction of $63,180.00.
• On Monday, January 12th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.52, for a total transaction of $77,184.00.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded down $0.25 during midday trading on Wednesday, hitting $10.48. The company’s stock had a trading volume of 410,394 shares, compared to its average volume of 493,150. The stock’s 50 day simple moving average is $12.29 and its 200 day simple moving average is $11.68. The stock has a market capitalization of $682.68 million, a price-to-earnings ratio of -349.05 and a beta of 1.21. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The business had revenue of $306.51 million during the quarter, compared to analysts’ expectations of $283.30 million. During the same quarter in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. As a group, analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Hedge Funds Weigh In On MediaAlpha

A number of hedge funds and other institutional investors have recently made changes to their positions in MAX. Divisadero Street Capital Management LP bought a new stake in MediaAlpha in the second quarter valued at about $952,000. Janney Montgomery Scott LLC bought a new position in MediaAlpha during the second quarter worth about $895,000. Acadian Asset Management LLC boosted its holdings in MediaAlpha by 65.7% during the second quarter. Acadian Asset Management LLC now owns 532,437 shares of the company’s stock valued at $5,823,000 after purchasing an additional 211,135 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of MediaAlpha in the 2nd quarter valued at approximately $155,000. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of MediaAlpha by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 26,254 shares of the company’s stock valued at $287,000 after purchasing an additional 4,583 shares during the period. 64.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MAX has been the subject of several research reports. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. JPMorgan Chase & Co. upped their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a research report on Friday, October 31st. Keefe, Bruyette & Woods upped their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

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.