Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells $84,560.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $10.57, for a total transaction of $84,560.00. Following the sale, the insider directly owned 2,735,330 shares in the company, valued at approximately $28,912,438.10. This represents a 0.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Steven Yi also recently made the following trade(s):

• On Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.89, for a total transaction of $87,120.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total transaction of $89,600.00.
• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.69, for a total value of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.51, for a total transaction of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total transaction of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total value of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.94, for a total value of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total transaction of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $101,360.00.

MediaAlpha Stock Down 0.1%

MAX stock opened at $10.23 on Friday. The company has a market cap of $666.58 million, a price-to-earnings ratio of -340.82 and a beta of 1.21. The business has a fifty day simple moving average of $12.21 and a 200-day simple moving average of $11.66. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company 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 company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. As a group, analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

Institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its position in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of MediaAlpha by 28.0% during 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. acquired a new position in MediaAlpha in the 2nd quarter worth approximately $62,000. Semanteon Capital Management LP purchased a new position in MediaAlpha during the 2nd quarter worth approximately $110,000. Finally, Invesco Ltd. purchased a new position in MediaAlpha during the 2nd quarter worth approximately $117,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MAX shares. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Keefe, Bruyette & Woods increased their price target on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a report on Friday, October 31st. Finally, Zacks Research lowered shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

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.