MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 3,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $12.00, for a total transaction of $36,000.00. Following the completion of the sale, the chief technology officer directly owned 549,091 shares in the company, valued at $6,589,092. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.
• On Friday, June 26th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.16, for a total transaction of $33,480.00.

MediaAlpha Price Performance

NYSE:MAX traded down $0.24 during mid-day trading on Wednesday, hitting $11.53. 831,253 shares of the company’s stock were exchanged, compared to its average volume of 764,627. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70. The business has a fifty day moving average price of $13.13 and a 200 day moving average price of $10.76. The company has a market cap of $706.44 million, a PE ratio of 7.12 and a beta of 1.16.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. The business had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. On average, equities analysts forecast that MediaAlpha, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on MAX shares. Texas Capital raised MediaAlpha to a “strong-buy” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada boosted their target price on MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Zacks Research raised MediaAlpha from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. JPMorgan Chase & Co. started coverage on MediaAlpha in a research note on Monday, August 24th. They issued a “neutral” rating and a $15.00 target price on the stock. Finally, Weiss Ratings upgraded MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, MediaAlpha has a consensus rating of “Moderate Buy” and a consensus price target of $14.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of MediaAlpha by 680.9% during the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after buying an additional 1,246,493 shares during the last quarter. Victory Capital Management Inc. raised its holdings in MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock worth $8,089,000 after acquiring an additional 658,625 shares during the last quarter. Lazard Asset Management LLC purchased a new position in MediaAlpha in the 2nd quarter worth approximately $4,268,000. Lighthouse Investment Partners LLC lifted its position in MediaAlpha by 831.7% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company’s stock valued at $4,028,000 after acquiring an additional 315,943 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in MediaAlpha by 29.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock valued at $17,714,000 after acquiring an additional 309,455 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

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.