Steven Yi Sells 4,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $9.23, for a total transaction of $36,920.00. Following the completion of the sale, the insider directly owned 3,039,247 shares in the company, valued at approximately $28,052,249.81. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, April 1st, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.15, for a total transaction of $36,600.00.
• On Wednesday, March 25th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.42, for a total transaction of $37,680.00.
• On Monday, March 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.67, for a total transaction of $38,680.00.
• On Wednesday, March 18th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.59, for a total transaction of $38,360.00.
• On Tuesday, March 17th, Steven Yi sold 5,227 shares of MediaAlpha stock. The shares were sold at an average price of $9.94, for a total transaction of $51,956.38.
• On Monday, March 16th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.93, for a total transaction of $39,720.00.
• On Tuesday, March 10th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.75, for a total transaction of $39,000.00.
• On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The stock was sold at an average price of $9.86, for a total value of $55,709.00.
• On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.03, for a total value of $80,240.00.
• On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total value of $392,127.48.

MediaAlpha Stock Up 0.2%

Shares of NYSE MAX opened at $9.38 on Friday. The stock’s 50-day simple moving average is $9.27 and its two-hundred day simple moving average is $11.14. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $13.92. The firm has a market capitalization of $604.69 million, a P/E ratio of 24.04 and a beta of 1.39.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Monday, February 23rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.25 by $0.25. The company had revenue of $291.16 million during the quarter, compared to analyst estimates of $296.42 million. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.MediaAlpha’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, research analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on MAX shares. The Goldman Sachs Group decreased their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Royal Bank Of Canada dropped their price objective on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Weiss Ratings upgraded shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered their price target on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Finally, Wall Street Zen lowered MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.90.

Institutional Trading of MediaAlpha

Several hedge funds have recently added to or reduced their stakes in MAX. Caitong International Asset Management Co. Ltd boosted its position in MediaAlpha by 5,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after buying an additional 2,124 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after buying an additional 2,777 shares during the period. Strs Ohio purchased a new position in shares of MediaAlpha in the fourth quarter worth about $49,000. Quarry LP lifted its stake in shares of MediaAlpha by 43.3% in the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after acquiring an additional 1,213 shares during the last quarter. 64.39% of the stock is owned by institutional investors.

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.