Eugene Nonko Sells 6,700 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of MediaAlpha stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $13.38, for a total value of $89,646.00. Following the sale, the director directly owned 1,643,220 shares in the company, valued at $21,986,283.60. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, December 3rd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.38, for a total transaction of $72,252.00.
• On Monday, December 1st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.61, for a total transaction of $84,487.00.
• On Monday, December 1st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.60, for a total value of $68,040.00.
• On Wednesday, November 26th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total value of $83,616.00.
• On Wednesday, November 26th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total transaction of $67,392.00.
• On Monday, November 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.93, for a total transaction of $79,931.00.
• On Monday, November 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.93, for a total transaction of $64,422.00.
• On Wednesday, November 19th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $77,921.00.
• On Wednesday, November 19th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $62,802.00.
• On Monday, November 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.33, for a total value of $82,611.00.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded up $0.88 during midday trading on Wednesday, reaching $13.60. The company’s stock had a trading volume of 953,660 shares, compared to its average volume of 531,656. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The firm has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $11.20. The firm has a market capitalization of $885.99 million, a price-to-earnings ratio of -453.02 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last released its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. MediaAlpha’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS. As a group, research analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently made changes to their positions in the business. Quarry LP increased its holdings in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after buying an additional 1,234 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after acquiring an additional 1,213 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of MediaAlpha during the 2nd quarter worth approximately $62,000. Semanteon Capital Management LP bought a new stake in shares of MediaAlpha in the 2nd quarter worth approximately $110,000. Finally, Pallas Capital Advisors LLC purchased a new position in MediaAlpha in the second quarter valued at approximately $111,000. 64.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MAX shares. Keefe, Bruyette & Woods boosted their price objective on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 price target on shares of MediaAlpha in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a report on Friday, October 31st. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, MediaAlpha presently has an average rating of “Moderate Buy” and an average target price of $17.25.

MediaAlpha Company Profile

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.