Quantinno Capital Management LP Has $998,000 Holdings in MediaAlpha, Inc. $MAX

Quantinno Capital Management LP lifted its position in MediaAlpha, Inc. (NYSE:MAX) by 150.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,274 shares of the company’s stock after buying an additional 64,526 shares during the quarter. Quantinno Capital Management LP owned about 0.17% of MediaAlpha worth $998,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MAX. Caitong International Asset Management Co. Ltd raised 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 worth $28,000 after acquiring an additional 2,124 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of 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 purchasing an additional 2,777 shares during the last quarter. Quarry LP increased its stake in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares during the last quarter. Strs Ohio bought a new stake in shares of MediaAlpha in the 4th quarter valued at about $49,000. Finally, Tower Research Capital LLC TRC lifted its stake in 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 purchasing an additional 1,213 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Eugene Nonko sold 3,282 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $12.89, for a total value of $42,304.98. Following the completion of the sale, the director owned 842,400 shares of the company’s stock, valued at approximately $10,858,536. The trade was a 0.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, insider Steven Yi sold 72,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $12.64, for a total transaction of $910,080.00. Following the completion of the transaction, the insider owned 2,387,690 shares in the company, valued at $30,180,401.60. This trade represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 519,726 shares of company stock valued at $6,540,242 in the last three months. Insiders own 14.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MAX shares. JPMorgan Chase & Co. upped their price objective on MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada increased their price target on MediaAlpha from $11.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group raised their price target on MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 30th. The Goldman Sachs Group lifted their price objective on shares of MediaAlpha from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Texas Capital upgraded shares of MediaAlpha to a “strong-buy” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.86.

MediaAlpha Trading Down 0.1%

MediaAlpha stock opened at $13.15 on Monday. The company has a market capitalization of $805.81 million, a price-to-earnings ratio of 8.12 and a beta of 1.11. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $14.70. The stock’s 50 day moving average is $12.37 and its 200-day moving average is $10.30.

MediaAlpha (NYSE:MAX) last released its quarterly 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 analysts’ expectations of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. As a group, equities research analysts predict that MediaAlpha, Inc. will post 0.97 earnings per share for the current fiscal year.

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.