MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $13.16, for a total transaction of $39,480.00. Following the completion of the sale, the chief technology officer directly owned 399,662 shares of the company’s stock, valued at $5,259,551.92. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kuanling Amy Yeh also recently made the following trade(s):

• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.49, for a total transaction of $161,880.00.

MediaAlpha Price Performance

Shares of MAX stock traded down $0.09 on Friday, hitting $13.00. The company’s stock had a trading volume of 715,235 shares, compared to its average volume of 530,272. The stock has a market capitalization of $847.01 million, a price-to-earnings ratio of -433.09 and a beta of 1.21. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The firm’s fifty day moving average price is $12.10 and its 200-day moving average price is $11.34.

MediaAlpha (NYSE:MAX) last posted its earnings results 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. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The company had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. During the same period last year, the company earned $0.17 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. Analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on MAX. JPMorgan Chase & Co. boosted their target price on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a report on Monday. Wall Street Zen raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Keefe, Bruyette & Woods upped their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MediaAlpha currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Trading of MediaAlpha

Hedge funds have recently modified their holdings of the company. Deutsche Bank AG increased its position in shares of MediaAlpha by 80.6% during the first quarter. Deutsche Bank AG now owns 180,691 shares of the company’s stock valued at $1,670,000 after purchasing an additional 80,620 shares during the period. Swiss National Bank boosted its stake in MediaAlpha by 8.3% during the first quarter. Swiss National Bank now owns 69,400 shares of the company’s stock worth $641,000 after buying an additional 5,300 shares in the last quarter. Nuveen LLC acquired a new stake in MediaAlpha during the first quarter worth $4,675,000. Algert Global LLC increased its holdings in MediaAlpha by 65.0% in the 1st quarter. Algert Global LLC now owns 225,300 shares of the company’s stock valued at $2,082,000 after buying an additional 88,791 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of MediaAlpha by 21.7% in the 1st quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock valued at $472,000 after buying an additional 8,981 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

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.