MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 8,205 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $13.61, for a total value of $111,670.05. Following the sale, the director directly owned 1,119,575 shares of the company’s stock, valued at $15,237,415.75. This represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, July 8th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.78, for a total value of $45,225.96.
• On Tuesday, July 7th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.06, for a total value of $133,907.44.
• On Tuesday, July 7th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.08, for a total value of $69,724.16.
• On Monday, July 6th, Eugene Nonko sold 25,352 shares of MediaAlpha stock. The stock was sold at an average price of $13.86, for a total transaction of $351,378.72.
• On Monday, July 6th, Eugene Nonko sold 24,992 shares of MediaAlpha stock. The stock was sold at an average price of $13.91, for a total transaction of $347,638.72.
• On Wednesday, July 1st, Eugene Nonko sold 9,059 shares of MediaAlpha stock. The shares were sold at an average price of $12.80, for a total transaction of $115,955.20.
• On Wednesday, July 1st, Eugene Nonko sold 4,512 shares of MediaAlpha stock. The stock was sold at an average price of $12.77, for a total transaction of $57,618.24.
• On Monday, June 29th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $11.93, for a total transaction of $92,791.54.
• On Monday, June 29th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $11.81, for a total transaction of $31,497.27.
• On Wednesday, June 24th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.47, for a total transaction of $69,803.49.

MediaAlpha Trading Down 0.9%

MediaAlpha stock traded down $0.12 during mid-day trading on Wednesday, hitting $13.55. The stock had a trading volume of 974,432 shares, compared to its average volume of 755,246. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.39. The firm has a market capitalization of $844.66 million, a P/E ratio of 21.17 and a beta of 1.08. The firm’s 50 day moving average is $9.89 and its 200 day moving average is $10.03.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $298.91 million. During the same period in the prior year, the business earned ($0.04) earnings per share. MediaAlpha’s revenue was up 17.3% compared to the same quarter last year. As a group, equities research analysts forecast that MediaAlpha, Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of MediaAlpha

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of MediaAlpha by 5,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after acquiring an additional 2,124 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after purchasing an additional 2,777 shares during the last quarter. Quarry LP raised its stake in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares in the last quarter. Strs Ohio bought a new position in MediaAlpha during the fourth quarter valued at $49,000. Finally, Tower Research Capital LLC TRC lifted its position in 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 purchasing an additional 1,213 shares during the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wall Street Zen cut shares of MediaAlpha from a “buy” rating to a “hold” rating in a research report on Saturday. Texas Capital raised shares of MediaAlpha to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, TD Cowen cut their target price on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.64.

MediaAlpha Company Profile

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.