MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 72,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 72,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $12.64, for a total value of $910,080.00. Following the sale, the insider directly owned 2,387,690 shares in the company, valued at approximately $30,180,401.60. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.

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

• On Tuesday, July 7th, Steven Yi sold 26,467 shares of MediaAlpha stock. The stock was sold at an average price of $14.07, for a total transaction of $372,390.69.
• On Monday, July 6th, Steven Yi sold 17,254 shares of MediaAlpha stock. The shares were sold at an average price of $14.01, for a total transaction of $241,728.54.
• On Wednesday, July 1st, Steven Yi sold 96,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.90, for a total transaction of $1,238,400.00.
• On Tuesday, June 16th, Steven Yi sold 24,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total transaction of $240,240.00.

MediaAlpha Stock Down 0.9%

NYSE MAX opened at $12.27 on Thursday. The company has a 50 day moving average price of $11.78 and a 200 day moving average price of $10.20. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $14.70. The firm has a market cap of $764.79 million, a PE ratio of 7.57 and a beta of 1.11.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.23 by $0.42. The firm had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. On average, equities research analysts anticipate that MediaAlpha, Inc. will post 0.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MAX shares. TD Cowen lowered their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, June 23rd. The Goldman Sachs Group upped their price objective on shares of MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Zacks Research cut shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Weiss Ratings raised shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, Texas Capital upgraded shares of MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MediaAlpha presently has an average rating of “Moderate Buy” and a consensus target price of $13.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jacobs Asset Management LLC increased its stake in shares of 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 acquiring an additional 219,144 shares during the period. Principal Financial Group Inc. boosted its holdings in MediaAlpha by 288.7% in the first quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock valued at $1,280,000 after purchasing an additional 102,210 shares during the last quarter. Globeflex Capital L P acquired a new stake in MediaAlpha during the 4th quarter worth about $1,039,000. Arrowstreet Capital Limited Partnership raised its stake in shares of MediaAlpha by 24.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock valued at $9,876,000 after buying an additional 206,077 shares during the last quarter. Finally, Triad Investment Management lifted its holdings in shares of MediaAlpha by 21.2% in the 1st quarter. Triad Investment Management now owns 333,864 shares of the company’s stock valued at $3,105,000 after buying an additional 58,427 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.