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

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $12.91, for a total transaction of $86,497.00. Following the completion of the sale, the director directly owned 1,596,320 shares of the company’s stock, valued at approximately $20,608,491.20. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total transaction of $84,889.00.
• On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total transaction of $68,418.00.
• On Monday, December 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.91, for a total value of $69,714.00.
• On Wednesday, December 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.79, for a total value of $85,693.00.
• On Wednesday, December 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.80, for a total value of $69,120.00.
• On Monday, December 15th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.83, for a total value of $85,961.00.
• On Monday, December 15th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.84, for a total value of $69,336.00.
• On Wednesday, December 10th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total value of $90,383.00.
• On Wednesday, December 10th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total transaction of $72,900.00.
• On Monday, December 8th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $13.09, for a total transaction of $87,703.00.

MediaAlpha Stock Performance

Shares of MAX stock traded up $0.11 during mid-day trading on Monday, reaching $12.80. The company’s stock had a trading volume of 297,097 shares, compared to its average volume of 522,371. The firm’s 50-day moving average is $12.52 and its two-hundred day moving average is $11.53. The company has a market cap of $833.85 million, a P/E ratio of -426.36 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 posted its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business had revenue of $306.51 million for the quarter, compared to analysts’ expectations of $283.30 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Sell-side analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on MAX. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a report on Friday, October 31st. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price target on shares of MediaAlpha in a research report on Thursday, October 30th. Keefe, Bruyette & Woods raised their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” 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 research note on Saturday, November 1st. Finally, Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Institutional Investors Weigh In On MediaAlpha

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised 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 during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. bought a new position in MediaAlpha in the 2nd quarter worth approximately $62,000. Semanteon Capital Management LP bought a new position in MediaAlpha in the 2nd quarter worth approximately $110,000. Finally, Pallas Capital Advisors LLC acquired a new position in MediaAlpha during the 2nd quarter worth $111,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

MediaAlpha Company Profile

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.