MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 8,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $12.48, for a total transaction of $99,840.00. Following the completion of the transaction, the insider directly owned 2,951,330 shares in the company, valued at $36,832,598.40. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.88, for a total transaction of $95,040.00.
• On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.72, for a total value of $93,760.00.
• On Monday, November 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.31, for a total value of $98,480.00.

MediaAlpha Stock Performance

NYSE:MAX traded up $0.25 during mid-day trading on Thursday, reaching $12.74. 647,727 shares of the company’s stock were exchanged, compared to its average volume of 713,866. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $13.85. The business’s fifty day simple moving average is $11.87 and its two-hundred day simple moving average is $11.13. The firm has a market capitalization of $829.94 million, a PE ratio of -424.36 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $306.51 million for the quarter, compared to analysts’ expectations of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. MediaAlpha has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after acquiring an additional 1,105 shares during the last quarter. Hsbc Holdings PLC increased its position in MediaAlpha by 2.3% in the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after buying an additional 1,144 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after acquiring an additional 1,213 shares during the last quarter. Quarry LP raised its position in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares during the period. Finally, Corton Capital Inc. raised its holdings in MediaAlpha by 8.2% during the 2nd quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after acquiring an additional 1,425 shares during the period. Institutional investors own 64.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 1st. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MediaAlpha currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

MediaAlpha Company Profile

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.