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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $12.60, for a total value of $100,800.00. Following the completion of the sale, the insider directly owned 2,943,330 shares of the company’s stock, valued at approximately $37,085,958. This represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $106,960.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total value of $99,840.00.
• On Monday, November 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.88, for a total transaction of $95,040.00.
• On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.72, for a total transaction of $93,760.00.
• On Monday, November 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.31, for a total transaction of $98,480.00.

MediaAlpha Price Performance

NYSE:MAX opened at $13.48 on Friday. The company’s 50-day moving average is $11.92 and its two-hundred day moving average is $11.23. The firm has a market capitalization of $878.17 million, a price-to-earnings ratio of -449.02 and a beta of 1.21. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business’s revenue for the quarter 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, equities analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MAX shares. JPMorgan Chase & Co. raised their price objective on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a research report on Thursday, October 30th. Finally, Wall Street Zen raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.25.

Hedge Funds Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after acquiring an additional 1,234 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the period. Raymond James Financial Inc. purchased a new position in MediaAlpha in the second quarter valued at $62,000. Semanteon Capital Management LP acquired a new position in MediaAlpha during the 2nd quarter worth $110,000. Finally, Pallas Capital Advisors LLC purchased a new stake in MediaAlpha during the 2nd quarter worth about $111,000. Hedge funds and other institutional investors own 64.39% of the company’s stock.

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.