MediaAlpha (NYSE:MAX) Director Sells $69,803.49 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,667 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $10.47, for a total value of $69,803.49. Following the completion of the transaction, the director owned 1,187,271 shares in the company, valued at $12,430,727.37. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.

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

• On Wednesday, June 24th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.46, for a total value of $11,160.82.
• On Monday, June 22nd, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.15, for a total value of $67,670.05.
• On Monday, June 22nd, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total value of $10,670.00.
• On Wednesday, June 17th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total value of $66,736.67.
• On Wednesday, June 17th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $10,670.00.
• On Tuesday, June 16th, Eugene Nonko sold 13,334 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $133,340.00.
• On Tuesday, June 16th, Eugene Nonko sold 2,134 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $21,340.00.
• On Wednesday, June 10th, Eugene Nonko sold 20,001 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $200,010.00.
• On Wednesday, June 10th, Eugene Nonko sold 3,201 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $32,010.00.
• On Wednesday, April 29th, Eugene Nonko sold 26,888 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total transaction of $269,148.88.

MediaAlpha Stock Performance

MAX opened at $11.90 on Friday. The stock has a market capitalization of $741.72 million, a price-to-earnings ratio of 18.59 and a beta of 1.16. The company has a fifty day moving average of $9.35 and a 200 day moving average of $10.04. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $13.92.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). The company had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $298.91 million. MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) EPS. On average, equities research analysts forecast that MediaAlpha, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MAX. Capital One Financial set a $11.00 price objective on MediaAlpha in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods lowered their target price on MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. raised their target price on shares of MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. TD Cowen reduced their price target on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings downgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.36.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of MediaAlpha by 95.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after purchasing an additional 516,195 shares during the period. Triad Investment Management bought a new position in shares of MediaAlpha during the 4th quarter valued at approximately $3,567,000. Globeflex Capital L P purchased a new stake in MediaAlpha during the 4th quarter valued at $1,039,000. State of Wyoming raised its holdings in MediaAlpha by 10.7% during the 1st quarter. State of Wyoming now owns 43,001 shares of the company’s stock valued at $400,000 after buying an additional 4,169 shares during the period. Finally, Jacobs Asset Management LLC lifted its position in MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock worth $8,597,000 after buying an additional 219,144 shares during the last quarter. 64.39% of the stock is owned by 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.