Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells $1,957,478.25 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 130,065 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.05, for a total value of $1,957,478.25. Following the sale, the insider directly owned 2,044,836 shares in the company, valued at $30,774,781.80. This trade represents a 5.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.

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

• On Wednesday, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The shares were sold at an average price of $15.50, for a total transaction of $2,342,499.50.
• On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The shares were sold at an average price of $14.78, for a total transaction of $2,051,552.68.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The shares were sold at an average price of $11.01, for a total value of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total value of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.38, for a total transaction of $594,240.00.

MediaAlpha Trading Down 0.9%

MAX traded down $0.13 during trading on Wednesday, hitting $15.02. The company’s stock had a trading volume of 2,336,871 shares, compared to its average volume of 1,167,518. The firm’s 50 day moving average price is $11.36 and its 200-day moving average price is $10.69. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $920.00 million, a PE ratio of 8.25 and a beta of 1.12. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $15.99.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The business had revenue of $375.95 million for the quarter, compared to analyst estimates of $347.93 million. On average, analysts expect that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Institutional Trading of MediaAlpha

Hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of MediaAlpha by 24.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after purchasing an additional 206,077 shares in the last quarter. Jacobs Asset Management LLC boosted its stake in shares of MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after purchasing an additional 219,144 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of MediaAlpha by 94.1% in the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after purchasing an additional 300,871 shares during the period. Triad Investment Management grew its holdings in MediaAlpha by 10.4% during the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after purchasing an additional 34,867 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in MediaAlpha by 8.7% during the 2nd quarter. Squarepoint Ops LLC now owns 234,255 shares of the company’s stock valued at $2,945,000 after purchasing an additional 18,714 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MAX shares. Keefe, Bruyette & Woods raised their price objective on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their target price on shares of MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Canaccord Genuity Group increased their target price on shares of MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada lifted their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, MediaAlpha currently has an average rating of “Moderate Buy” and a consensus target price of $14.71.

More MediaAlpha News

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.