MediaAlpha (NYSE:MAX) CRO Keith Cramer Sells 13,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CRO Keith Cramer sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $11.49, for a total transaction of $149,370.00. Following the completion of the transaction, the executive directly owned 251,303 shares of the company’s stock, valued at approximately $2,887,471.47. The trade was a 4.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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.

Keith Cramer also recently made the following trade(s):

• On Monday, August 17th, Keith Cramer sold 13,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.76, for a total transaction of $165,880.00.

MediaAlpha Trading Down 3.8%

MediaAlpha stock opened at $11.01 on Thursday. The stock has a market cap of $674.66 million, a P/E ratio of 6.80 and a beta of 1.16. The company has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $10.88. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $14.70.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. As a group, sell-side analysts forecast that MediaAlpha, Inc. will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors have recently added to or reduced their stakes in MAX. Rockefeller Capital Management L.P. grew its holdings in MediaAlpha by 9,917.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after acquiring an additional 2,777 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in MediaAlpha during the 1st quarter worth approximately $85,000. Aaron Wealth Advisors LLC acquired a new stake in MediaAlpha during the 1st quarter worth approximately $95,000. Glenmede Trust Co. NA acquired a new stake in MediaAlpha during the 1st quarter worth approximately $122,000. Finally, SG Americas Securities LLC lifted its stake in MediaAlpha by 23.2% in the first quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock valued at $181,000 after buying an additional 3,668 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MAX shares. Wall Street Zen upgraded MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. TD Cowen cut their target price on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd. Capital One Financial set a $11.00 price objective on MediaAlpha in a research note on Tuesday, June 9th. Canaccord Genuity Group raised their price target on MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upped their price objective on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.29.

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.