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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $12.67, for a total value of $101,360.00. Following the completion of the sale, the insider owned 2,855,330 shares of the company’s stock, valued at $36,177,031.10. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.86, for a total value of $102,880.00.
• On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total value of $102,560.00.
• On Monday, December 15th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.88, for a total value of $103,040.00.
• On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total value of $108,000.00.
• On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.07, for a total transaction of $104,560.00.
• On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.37, for a total transaction of $106,960.00.
• On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.60, for a total transaction of $100,800.00.
• On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total transaction of $99,840.00.
• 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 transaction of $93,760.00.

MediaAlpha Price Performance

MAX traded up $0.11 during trading hours on Monday, reaching $12.80. The company’s stock had a trading volume of 297,097 shares, compared to its average volume of 522,371. The stock has a market cap of $833.85 million, a PE ratio of -426.36 and a beta of 1.21. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The business’s 50-day moving average is $12.52 and its 200-day moving average is $11.53.

MediaAlpha (NYSE:MAX) last posted its earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The company had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a research note on Friday, October 31st. Finally, Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MediaAlpha currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Institutional Investors Weigh In On MediaAlpha

A number of hedge funds and other institutional investors have recently modified their holdings of MAX. AQR Capital Management LLC raised its position in shares of MediaAlpha by 18.1% during the 1st quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock worth $5,154,000 after acquiring an additional 85,581 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of MediaAlpha in the 2nd quarter worth $952,000. Hsbc Holdings PLC boosted its holdings in shares of MediaAlpha by 21.7% in the first quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock valued at $472,000 after acquiring an additional 8,981 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of MediaAlpha during the second quarter worth about $895,000. Finally, Pallas Capital Advisors LLC purchased a new position in MediaAlpha during the second quarter worth about $111,000. 64.39% of the stock is currently owned by institutional investors and hedge funds.

MediaAlpha Company Profile

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.