Insider Selling: MediaAlpha (NYSE:MAX) Major Shareholder Sells $15,989,500.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) major shareholder Mountains Insurance Grou White sold 1,130,000 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $14.15, for a total value of $15,989,500.00. Following the completion of the sale, the insider owned 11,226,223 shares in the company, valued at approximately $158,851,055.45. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mountains Insurance Grou White also recently made the following trade(s):

• On Wednesday, November 4th, Mountains Insurance Grou White sold 5,500,391 shares of MediaAlpha stock. The stock was sold at an average price of $13.90, for a total value of $76,455,434.90.

MediaAlpha Stock Performance

Shares of MAX stock traded down $0.09 on Friday, hitting $14.72. The company’s stock had a trading volume of 54,715 shares, compared to its average volume of 828,850. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $871.40 million, a PE ratio of 8.09 and a beta of 1.12. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $15.99. The stock’s 50 day moving average is $11.63 and its 200-day moving average is $10.81.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The firm had revenue of $375.95 million for the quarter, compared to the consensus estimate of $347.93 million. Equities research analysts expect that MediaAlpha, Inc. will post 1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. The Goldman Sachs Group upped their target price on MediaAlpha from $10.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 21st. Finally, Canaccord Genuity Group raised their price objective on shares of MediaAlpha from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. 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’s stock. According to data from MarketBeat.com, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.71.

Institutional Trading of MediaAlpha

Hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in MediaAlpha by 24.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after buying an additional 206,077 shares during the period. Jacobs Asset Management LLC boosted its position in shares of MediaAlpha by 31.1% during the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after acquiring an additional 219,144 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock worth $5,773,000 after buying an additional 300,871 shares in the last quarter. Triad Investment Management increased its stake in MediaAlpha by 10.4% in the second quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after acquiring an additional 34,867 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of MediaAlpha by 8.7% during the 2nd quarter. Squarepoint Ops LLC now owns 234,255 shares of the company’s stock valued at $2,945,000 after buying an additional 18,714 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.

MediaAlpha Company Profile

MediaAlpha operates a technology platform that connects consumers shopping for insurance with insurance carriers and distributors. Its marketplace uses consumer-intent data and real-time bidding to help match shoppers with relevant insurance products and providers. The company focuses on insurance categories including auto, home, health and life. Its platform serves carriers, agents, brokers and other insurance distributors, with its business primarily centered on the U.S. market. MediaAlpha became an independent company in 2014 after operating within White Mountains Insurance Group.