MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 12,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7.31, for a total value of $87,720.00. Following the completion of the sale, the chief technology officer owned 381,662 shares of the company’s stock, valued at approximately $2,789,949.22. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total transaction of $34,440.00.
• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.95, for a total transaction of $38,850.00.
• On Friday, December 12th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.16, for a total transaction of $39,480.00.
• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.49, for a total transaction of $161,880.00.

MediaAlpha Stock Performance

MAX opened at $7.33 on Wednesday. The company has a fifty day moving average price of $11.10 and a two-hundred day moving average price of $11.51. The firm has a market capitalization of $477.70 million, a PE ratio of -244.25 and a beta of 1.29. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently made changes to their positions in the stock. J. Goldman & Co LP lifted its position in MediaAlpha by 48.1% in the 4th quarter. J. Goldman & Co LP now owns 786,369 shares of the company’s stock valued at $10,183,000 after acquiring an additional 255,342 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of MediaAlpha by 4.3% in the fourth quarter. AQR Capital Management LLC now owns 804,095 shares of the company’s stock valued at $10,413,000 after purchasing an additional 33,416 shares in the last quarter. Amundi acquired a new position in shares of MediaAlpha during the fourth quarter worth about $759,000. Jump Financial LLC acquired a new position in shares of MediaAlpha during the fourth quarter worth about $240,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of MediaAlpha by 7.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,014 shares of the company’s stock worth $402,000 after buying an additional 2,238 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

MAX has been the subject of several analyst reports. Zacks Research lowered MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Canaccord Genuity Group restated a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a report on Friday, October 31st. Finally, Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.25.

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.