MediaAlpha (NYSE:MAX – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05, Briefing.com reports. The company had revenue of $178.27 million for the quarter, compared to the consensus estimate of $151.40 million. During the same quarter in the previous year, the business earned ($0.32) EPS. The company’s quarterly revenue was up 110.3% on a year-over-year basis. MediaAlpha updated its Q3 2024 guidance to EPS.
MediaAlpha Stock Up 12.6 %
MediaAlpha stock traded up $1.85 during midday trading on Thursday, reaching $16.52. The stock had a trading volume of 2,779,214 shares, compared to its average volume of 561,988. MediaAlpha has a 52-week low of $7.62 and a 52-week high of $25.78. The company has a fifty day moving average of $15.38 and a 200 day moving average of $16.99. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -24.29 and a beta of 1.20.
Insider Transactions at MediaAlpha
In other MediaAlpha news, major shareholder Insignia Capital Partners Gp, sold 2,589,800 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $19.00, for a total value of $49,206,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Mountains Insurance Grou White sold 5,000,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $19.00, for a total transaction of $95,003,800.00. Following the transaction, the insider now owns 17,856,614 shares in the company, valued at $339,275,666. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Insignia Capital Partners Gp, sold 2,589,800 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $19.00, for a total transaction of $49,206,200.00. The disclosure for this sale can be found here. Company insiders own 11.53% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on MediaAlpha
About MediaAlpha
MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.
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