Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 6,700 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $12.83, for a total transaction of $85,961.00. Following the transaction, the director directly owned 1,616,420 shares of the company’s stock, valued at $20,738,668.60. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.79, for a total transaction of $85,693.00.
• On Wednesday, December 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.80, for a total value of $69,120.00.
• On Monday, December 15th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.84, for a total value of $69,336.00.
• On Wednesday, December 10th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total value of $90,383.00.
• On Wednesday, December 10th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $13.50, for a total value of $72,900.00.
• On Monday, December 8th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $13.09, for a total transaction of $87,703.00.
• On Monday, December 8th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.09, for a total transaction of $70,686.00.
• On Wednesday, December 3rd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $13.38, for a total transaction of $89,646.00.
• On Wednesday, December 3rd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $13.38, for a total transaction of $72,252.00.
• On Monday, December 1st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.61, for a total value of $84,487.00.

MediaAlpha Trading Down 2.0%

NYSE MAX traded down $0.26 on Wednesday, hitting $12.69. 389,269 shares of the company traded hands, compared to its average volume of 528,212. The business’s 50 day moving average price is $12.20 and its 200-day moving average price is $11.41. MediaAlpha, Inc. has a 52-week low of $7.33 and a 52-week high of $13.92. The company has a market capitalization of $827.01 million, a price-to-earnings ratio of -422.86 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. As a group, sell-side analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On MediaAlpha

Several institutional investors have recently added to or reduced their stakes in MAX. Quarry LP grew its holdings in MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after buying an additional 1,234 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after acquiring an additional 1,213 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of MediaAlpha in the second quarter valued at $62,000. Semanteon Capital Management LP bought a new stake in MediaAlpha in the second quarter worth $110,000. Finally, Pallas Capital Advisors LLC bought a new position in MediaAlpha during the second quarter valued at $111,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MAX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. Keefe, Bruyette & Woods increased their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.25.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.