MediaAlpha (NYSE:MAX) Stock: Insider Steven Yi Sells 130,065 Shares

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 130,065 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.05, for a total value of $1,957,478.25. Following the sale, the insider directly owned 2,044,836 shares in the company, valued at approximately $30,774,781.80. The trade was a 5.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The shares were sold at an average price of $15.50, for a total value of $2,342,499.50.
• On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The shares were sold at an average price of $14.78, for a total value of $2,051,552.68.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The shares were sold at an average price of $11.01, for a total value of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total value of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.38, for a total value of $594,240.00.

MediaAlpha Trading Down 4.2%

Shares of MediaAlpha stock opened at $14.42 on Friday. The business has a fifty day simple moving average of $11.44 and a 200-day simple moving average of $10.72. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $15.99. The firm has a market cap of $883.67 million, a price-to-earnings ratio of 7.93 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 8.49.

MediaAlpha (NYSE:MAX) last released its earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.18. The firm had revenue of $375.95 million for the quarter, compared to analyst estimates of $347.93 million. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. On average, equities analysts forecast that MediaAlpha, Inc. will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of MediaAlpha from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. The Goldman Sachs Group boosted their target price on shares of MediaAlpha from $10.50 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Wall Street Zen lowered shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Canaccord Genuity Group raised their target price on shares of MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Weiss Ratings upgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.71.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of MediaAlpha by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company’s stock valued at $452,000 after purchasing an additional 1,846 shares during the last quarter. Covestor Ltd boosted its position in shares of MediaAlpha by 21.2% in the 3rd quarter. Covestor Ltd now owns 5,788 shares of the company’s stock valued at $56,000 after purchasing an additional 1,011 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of MediaAlpha in the 3rd quarter valued at $248,000. State of Wyoming acquired a new position in shares of MediaAlpha in the 3rd quarter valued at $109,000. Finally, Triad Investment Management increased its stake in MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock worth $4,635,000 after purchasing an additional 34,867 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

Key MediaAlpha News

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat estimates, and its earnings-call recap points to broadening insurance-advertising demand, including home insurance growth, higher carrier spending, and gains supported by AI tools. These trends could support continued marketplace growth. Read the article
• Neutral Sentiment: Insider selling was reported by Steven Yi, director Eugene Nonko, and CTO Kuanling Yeh. Yi and Nonko’s filings describe sales under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards; that context may make those transactions less indicative of a change in their views of the company. Read the article
• Negative Sentiment: The scale and frequency of reported sales—including large transactions by Yi and Nonko over several days—could nevertheless concern investors and add near-term selling pressure. Read the article

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.