MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 4,000 Shares

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $8.94, for a total value of $35,760.00. Following the completion of the sale, the insider owned 2,715,330 shares of the company’s stock, valued at $24,275,050.20. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 2nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.32, for a total value of $82,560.00.
• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.57, for a total value of $84,560.00.
• On Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.89, for a total value 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 value 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 transaction 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 transaction 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 stock was 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 transaction 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 transaction of $103,520.00.

MediaAlpha Trading Down 3.0%

MediaAlpha stock traded down $0.28 during mid-day trading on Wednesday, hitting $8.95. The stock had a trading volume of 2,146,004 shares, compared to its average volume of 613,061. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $13.92. The firm has a market capitalization of $583.27 million, a P/E ratio of -298.23 and a beta of 1.29. The firm’s 50 day moving average is $12.11 and its 200 day moving average is $11.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. 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 worth $16,268,000 after purchasing an additional 1,246,493 shares during the period. JPMorgan Chase & Co. lifted its position in MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after buying an additional 516,195 shares during the last quarter. Shay Capital LLC boosted its stake in MediaAlpha by 17.9% during the third quarter. Shay Capital LLC now owns 790,100 shares of the company’s stock worth $8,991,000 after buying an additional 120,100 shares during the period. Geode Capital Management LLC increased its position in MediaAlpha by 5.1% during the second quarter. Geode Capital Management LLC now owns 764,702 shares of the company’s stock valued at $8,375,000 after acquiring an additional 36,949 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of MediaAlpha by 1,261.9% during the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock worth $8,089,000 after purchasing an additional 658,625 shares during the period. Institutional investors own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MAX shares. JPMorgan Chase & Co. lifted their target price on MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research report on Monday, December 29th. Zacks Research downgraded shares of MediaAlpha from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price target on shares of MediaAlpha in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.