Steven Yi Sells 8,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $12.94, for a total value of $103,520.00. Following the completion of the sale, the insider directly owned 2,831,330 shares of the company’s stock, valued at approximately $36,637,410.20. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total transaction of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total value of $101,360.00.
• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.86, for a total transaction of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total transaction of $102,560.00.
• On Monday, December 15th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.88, for a total value of $103,040.00.
• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.50, for a total transaction of $108,000.00.
• On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.07, for a total transaction of $104,560.00.
• On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.37, for a total transaction of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.60, for a total value of $100,800.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total value of $99,840.00.

MediaAlpha Stock Performance

Shares of MediaAlpha stock traded down $0.05 during trading on Wednesday, reaching $12.98. 358,236 shares of the company’s stock were exchanged, compared to its average volume of 520,853. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92. The company has a market cap of $845.93 million, a P/E ratio of -432.52 and a beta of 1.21. The firm’s 50-day moving average price is $12.60 and its 200 day moving average price is $11.55.

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

Institutional Investors Weigh In On MediaAlpha

Large investors have recently added to or reduced their stakes in the company. Clearline Capital LP grew its stake in MediaAlpha by 123.4% in the 1st quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock valued at $24,531,000 after buying an additional 1,466,760 shares in the last quarter. Millennium Management LLC increased 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 buying an additional 1,246,493 shares during the last quarter. JPMorgan Chase & Co. raised its position in MediaAlpha by 95.2% during the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after purchasing an additional 516,195 shares in the last quarter. Shay Capital LLC lifted its position in MediaAlpha by 17.9% in the 3rd 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 last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of MediaAlpha by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 764,702 shares of the company’s stock worth $8,375,000 after acquiring an additional 36,949 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Upgrades and Downgrades

MAX has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a report on Monday. Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” 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.