MediaAlpha (NYSE:MAX) Director Sells $500,433.76 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 49,844 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $10.04, for a total transaction of $500,433.76. Following the completion of the sale, the director directly owned 1,329,099 shares in the company, valued at $13,344,153.96. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Tuesday, April 21st, Eugene Nonko sold 22,274 shares of MediaAlpha stock. The stock was sold at an average price of $10.07, for a total transaction of $224,299.18.
• On Tuesday, April 21st, Eugene Nonko sold 15,172 shares of MediaAlpha stock. The stock was sold at an average price of $10.09, for a total transaction of $153,085.48.
• On Monday, April 20th, Eugene Nonko sold 24,529 shares of MediaAlpha stock. The stock was sold at an average price of $10.05, for a total transaction of $246,516.45.
• On Tuesday, March 17th, Eugene Nonko sold 404 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $4,040.00.
• On Tuesday, March 17th, Eugene Nonko sold 1,899 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $18,990.00.
• On Monday, March 16th, Eugene Nonko sold 458 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $4,580.00.
• On Monday, March 16th, Eugene Nonko sold 2,444 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $24,440.00.
• On Monday, March 9th, Eugene Nonko sold 2,115 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $21,150.00.
• On Monday, March 9th, Eugene Nonko sold 1,992 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $19,920.00.
• On Tuesday, March 3rd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $10.05, for a total transaction of $67,335.00.

MediaAlpha Trading Down 0.8%

MAX traded down $0.08 during trading hours on Wednesday, hitting $9.81. 361,309 shares of the company’s stock were exchanged, compared to its average volume of 436,713. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $13.92. The firm has a 50 day moving average of $9.31 and a 200 day moving average of $10.90. The firm has a market cap of $632.87 million, a P/E ratio of 25.16 and a beta of 1.39.

MediaAlpha (NYSE:MAX) last announced its earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.25. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The firm had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts expect that MediaAlpha, Inc. will post 1.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of MediaAlpha by 680.9% in the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after buying an additional 1,246,493 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of MediaAlpha by 29.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock valued at $17,714,000 after buying an additional 309,455 shares in the last quarter. Clearline Capital LP boosted its holdings in shares of MediaAlpha by 0.8% in the 4th quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock valued at $16,854,000 after buying an additional 10,604 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of MediaAlpha by 10.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,045,400 shares of the company’s stock valued at $13,538,000 after buying an additional 100,300 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of MediaAlpha by 4.3% in the 4th quarter. AQR Capital Management LLC now owns 804,095 shares of the company’s stock valued at $10,413,000 after buying an additional 33,416 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MAX shares. Zacks Research cut shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 11th. Royal Bank Of Canada lowered their price target on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. The Goldman Sachs Group lowered their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.70.

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.