Eugene Nonko Sells 7,778 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 7,778 shares of MediaAlpha stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $11.96, for a total value of $93,024.88. Following the sale, the director owned 882,430 shares of the company’s stock, valued at approximately $10,553,862.80. This represents a 0.87% decrease in their position. The transaction was disclosed in a filing with the SEC, 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.

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

• On Tuesday, September 15th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.49, for a total transaction of $83,566.77.
• On Tuesday, September 15th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total value of $22,271.20.
• On Monday, September 14th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.03, for a total transaction of $32,084.01.
• On Thursday, September 10th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.62, for a total transaction of $84,512.26.
• On Thursday, September 10th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.52, for a total value of $22,348.80.
• On Tuesday, September 8th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total value of $85,094.10.
• On Tuesday, September 8th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.70, for a total value of $22,698.00.
• On Wednesday, September 2nd, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.24, for a total transaction of $95,202.72.
• On Wednesday, September 2nd, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.22, for a total transaction of $32,590.74.
• On Monday, August 31st, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.61, for a total transaction of $98,080.58.

MediaAlpha Price Performance

NYSE MAX traded down $0.44 during trading hours on Wednesday, hitting $11.01. The company had a trading volume of 664,522 shares, compared to its average volume of 763,519. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $14.70. The firm’s 50 day moving average is $12.94 and its 200 day moving average is $10.88. The company has a market capitalization of $674.66 million, a price-to-earnings ratio of 6.80 and a beta of 1.16.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.42. The company had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. On average, equities analysts anticipate that MediaAlpha, Inc. will post 1.28 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MAX shares. Royal Bank Of Canada raised their price objective on MediaAlpha from $11.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Keefe, Bruyette & Woods lifted their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Capital One Financial set a $11.00 price target on shares of MediaAlpha in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of MediaAlpha in a report on Monday, August 24th. They set a “neutral” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, MediaAlpha currently has an average rating of “Moderate Buy” and an average price target of $14.29.

Institutional Trading of MediaAlpha

Several institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its position in shares of MediaAlpha by 9,917.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after buying an additional 2,777 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in MediaAlpha in the first quarter worth about $85,000. Aaron Wealth Advisors LLC acquired a new position in MediaAlpha in the first quarter valued at approximately $95,000. Glenmede Trust Co. NA bought a new position in shares of MediaAlpha during the first quarter valued at approximately $122,000. Finally, SG Americas Securities LLC raised its position in shares of MediaAlpha by 23.2% during the 1st quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock worth $181,000 after purchasing an additional 3,668 shares during the period. Institutional investors own 64.39% of the company’s stock.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.