Eugene Nonko Sells 6,667 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,667 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $10.15, for a total transaction of $67,670.05. Following the sale, the director directly owned 1,200,605 shares in the company, valued at $12,186,140.75. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, June 24th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The shares were sold at an average price of $10.47, for a total transaction of $69,803.49.
• On Wednesday, June 24th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The shares were sold at an average price of $10.46, for a total transaction of $11,160.82.
• On Monday, June 22nd, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $10,670.00.
• On Wednesday, June 17th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total transaction of $66,736.67.
• On Wednesday, June 17th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $10,670.00.
• On Tuesday, June 16th, Eugene Nonko sold 13,334 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total value of $133,340.00.
• On Tuesday, June 16th, Eugene Nonko sold 2,134 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $21,340.00.
• On Wednesday, June 10th, Eugene Nonko sold 20,001 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $200,010.00.
• On Wednesday, June 10th, Eugene Nonko sold 3,201 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $32,010.00.
• On Wednesday, April 29th, Eugene Nonko sold 26,888 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total value of $269,148.88.

MediaAlpha Trading Up 2.1%

Shares of MAX stock opened at $10.98 on Friday. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $13.92. The stock has a market cap of $684.85 million, a price-to-earnings ratio of 17.16 and a beta of 1.16. The stock has a 50-day moving average of $9.30 and a 200-day moving average of $10.03.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.The company had revenue of $310.00 million during the quarter, compared to analyst estimates of $298.91 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. MediaAlpha’s revenue was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that MediaAlpha, Inc. will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On MediaAlpha

Several institutional investors have recently added to or reduced their stakes in MAX. JPMorgan Chase & Co. boosted its position in shares of MediaAlpha by 95.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after purchasing an additional 516,195 shares in the last quarter. Triad Investment Management acquired a new stake in shares of MediaAlpha in the 4th quarter valued at about $3,567,000. Globeflex Capital L P bought a new stake in MediaAlpha in the 4th quarter valued at about $1,039,000. Moran Wealth Management LLC bought a new stake in MediaAlpha in the 4th quarter valued at about $165,000. Finally, CWM LLC increased its position in MediaAlpha by 10.1% in the 4th quarter. CWM LLC now owns 42,278 shares of the company’s stock valued at $548,000 after buying an additional 3,895 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

MediaAlpha News Roundup

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: Analysts now rate MediaAlpha a “Moderate Buy” overall, with a consensus price target of $12.36, suggesting Wall Street still sees upside from current levels. MediaAlpha, Inc. (NYSE:MAX) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: The company’s latest quarterly report showed revenue of $310 million, topping estimates and rising sharply from a year ago, which can support sentiment toward the stock.
• Neutral Sentiment: MediaAlpha director Eugene Nonko disclosed another pre-planned insider sale of 6,667 shares, but the filing says it was done under a Rule 10b5-1 plan and to cover tax withholding tied to equity vesting, which makes it less concerning than a discretionary sale. MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 6,667 Shares of Stock
• Neutral Sentiment: Additional insider sales by the same director were also disclosed this week, reinforcing that the stock has faced ongoing selling from a key insider, though the trades appear plan-driven rather than news-driven.
• Negative Sentiment: A law firm announced an investigation into MediaAlpha’s board and management over alleged misleading claims and deceptive advertising tied to a $45 million FTC settlement, which could create headline risk and pressure the shares. MAX Stock News: MediaAlpha Board Investigated after Alleged Deceptive Advertising and FTC Settlement – Investors Notified to Contact BFA Law

Analysts Set New Price Targets

MAX has been the topic of a number of analyst reports. Wall Street Zen lowered shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Texas Capital raised shares of MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a report on Tuesday, June 9th. TD Cowen cut their price target on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price target on MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.36.

About MediaAlpha

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.