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 company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $12.65, for a total value of $84,755.00. Following the sale, the director directly owned 1,576,220 shares of the company’s stock, valued at $19,939,183. The trade was a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 31st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.93, for a total transaction of $86,631.00.
• On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.93, for a total transaction of $69,822.00.
• On Monday, December 29th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total transaction of $68,310.00.
• On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $84,889.00.
• On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $68,418.00.
• On Monday, December 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.91, for a total transaction of $86,497.00.
• On Monday, December 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.91, for a total value of $69,714.00.
• On Wednesday, December 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.79, for a total value of $85,693.00.
• On Wednesday, December 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.80, for a total value of $69,120.00.
• On Monday, December 15th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.83, for a total value of $85,961.00.

MediaAlpha Stock Down 0.4%

NYSE MAX traded down $0.05 during trading on Wednesday, hitting $12.98. The company’s stock had a trading volume of 358,236 shares, compared to its average volume of 520,853. The firm has a 50 day moving average price of $12.60 and a 200 day moving average price of $11.55. The firm has a market cap of $845.93 million, a P/E ratio of -432.52 and a beta of 1.21. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $13.92.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $306.51 million during the quarter, compared to analysts’ expectations of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.MediaAlpha’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. On average, equities analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

MAX has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a report on Monday. Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 1st. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a report on Friday, October 31st. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Institutional Inflows and Outflows

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

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.