MediaAlpha (NYSE:MAX) Insider Sells $123,528.12 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 12,748 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $9.69, for a total transaction of $123,528.12. Following the sale, the insider directly owned 2,688,876 shares in the company, valued at approximately $26,055,208.44. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, February 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.75, for a total value of $31,000.00.
• On Thursday, February 19th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.29, for a total value of $29,160.00.
• On Tuesday, February 17th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.16, for a total value of $28,640.00.
• On Wednesday, February 11th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.99, for a total value of $31,960.00.
• On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.74, for a total value of $34,960.00.
• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.94, for a total value of $35,760.00.
• On Monday, February 2nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.32, for a total transaction of $82,560.00.
• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.57, for a total transaction of $84,560.00.
• On Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.89, for a total transaction of $87,120.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total transaction of $89,600.00.

MediaAlpha Stock Performance

Shares of NYSE:MAX opened at $9.96 on Friday. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92. The firm has a market cap of $642.10 million, a PE ratio of 25.53 and a beta of 1.29. The firm’s fifty day moving average is $10.41 and its 200-day moving average is $11.39.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.25. The business had revenue of $291.16 million during the quarter, compared to the consensus estimate of $296.42 million. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.MediaAlpha’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. Sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAX. Zacks Research upgraded MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods reduced their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday. Royal Bank Of Canada decreased their price objective on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in MediaAlpha by 680.9% in the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after purchasing an additional 1,246,493 shares during the period. JPMorgan Chase & Co. grew its stake in shares of MediaAlpha by 29.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock valued at $17,714,000 after buying an additional 309,455 shares during the period. Clearline Capital LP increased its position in MediaAlpha by 0.8% in the 4th quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock valued at $16,854,000 after buying an additional 10,604 shares in the last quarter. Renaissance Technologies LLC increased its position in MediaAlpha by 10.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,045,400 shares of the company’s stock valued at $13,538,000 after buying an additional 100,300 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in MediaAlpha by 4.3% during the 4th quarter. AQR Capital Management LLC now owns 804,095 shares of the company’s stock worth $10,413,000 after buying an additional 33,416 shares during the period. 64.39% of the stock is owned by institutional investors.

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.