Eugene Nonko Sells 8,205 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of MediaAlpha stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $12.78, for a total value of $104,859.90. Following the completion of the sale, the director owned 975,959 shares of the company’s stock, valued at $12,472,756.02. The trade was a 0.83% decrease in their ownership of the stock. The transaction 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.

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

• On Wednesday, August 19th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.23, for a total transaction of $108,552.15.
• On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.20, for a total transaction of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total transaction of $42,075.24.
• On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total transaction of $104,859.90.
• On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.89, for a total transaction of $42,304.98.
• On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.57, for a total transaction of $111,341.85.
• On Monday, August 10th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.30, for a total transaction of $43,650.60.
• On Tuesday, August 4th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.45, for a total value of $96,836.10.
• On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.50, for a total value of $33,337.50.
• On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total value of $102,398.40.

MediaAlpha Trading Up 2.4%

Shares of MAX traded up $0.32 during trading hours on Wednesday, hitting $13.51. The company had a trading volume of 446,499 shares, compared to its average volume of 780,025. The company has a market capitalization of $827.62 million, a PE ratio of 8.34 and a beta of 1.11. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70. The company’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $10.33.

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

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently modified their holdings of MAX. Globeflex Capital L P acquired a new position in shares of MediaAlpha during the second quarter valued at about $702,000. Glenmede Trust Co. NA acquired a new stake in MediaAlpha in the 1st quarter worth approximately $122,000. Bank of America Corp DE grew its position in MediaAlpha by 380.9% during the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after purchasing an additional 221,540 shares during the last quarter. Amundi grew its position in MediaAlpha by 33.2% during the 1st quarter. Amundi now owns 78,104 shares of the company’s stock worth $726,000 after purchasing an additional 19,488 shares during the last quarter. Finally, Stoic Point Capital Management LLC increased its stake in MediaAlpha by 6.6% during the 1st quarter. Stoic Point Capital Management LLC now owns 221,041 shares of the company’s stock valued at $2,056,000 after purchasing an additional 13,743 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Capital One Financial set a $11.00 price objective on shares of MediaAlpha in a research report on Tuesday, June 9th. Zacks Research downgraded shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Texas Capital raised shares of MediaAlpha to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings raised MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, Canaccord Genuity Group upped their price target on MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.86.

MediaAlpha Company Profile

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.