MediaAlpha (NYSE:MAX) Stock: Insider Kuanling Amy Yeh Sells 25,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 25,000 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $14.91, for a total transaction of $372,750.00. Following the completion of the sale, the chief technology officer directly owned 493,091 shares in the company, valued at approximately $7,351,986.81. This represents a 4.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, October 30th, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The stock was sold at an average price of $14.47, for a total transaction of $361,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.77, for a total transaction of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total transaction of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.00, for a total transaction of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.55, for a total value of $162,600.00.

MediaAlpha Trading Down 0.9%

Shares of NYSE MAX opened at $15.02 on Thursday. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. The business’s 50 day moving average price is $11.40 and its 200-day moving average price is $10.71. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $15.99. The company has a market cap of $920.00 million, a price-to-earnings ratio of 8.25 and a beta of 1.12.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. The firm had revenue of $375.95 million during the quarter, compared to analyst estimates of $347.93 million. On average, sell-side analysts expect that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on MAX. Royal Bank Of Canada raised their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. raised their target price on shares of MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Wall Street Zen lowered shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Finally, Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, MediaAlpha has an average rating of “Moderate Buy” and an average price target of $14.71.

Institutional Trading of MediaAlpha

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in shares of MediaAlpha by 9,917.9% in the 4th 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 period. Covestor Ltd boosted its stake in shares of MediaAlpha by 21.2% during the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock valued at $56,000 after purchasing an additional 1,011 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in MediaAlpha during the first quarter valued at approximately $85,000. State of Wyoming purchased a new position in MediaAlpha during the third quarter valued at approximately $109,000. Finally, Glenmede Trust Co. NA purchased a new position in MediaAlpha during the first quarter valued at approximately $122,000. 64.39% of the stock is currently owned by institutional investors.

Key MediaAlpha News

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.