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

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $12.95, for a total transaction of $38,850.00. Following the completion of the transaction, the chief technology officer owned 396,662 shares in the company, valued at $5,136,772.90. This represents a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, December 12th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.16, for a total value of $39,480.00.
• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total value of $161,880.00.

MediaAlpha Price Performance

MAX traded down $0.98 on Friday, reaching $11.97. The company’s stock had a trading volume of 521,266 shares, compared to its average volume of 371,000. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $13.92. The business’s 50 day moving average is $12.67 and its 200 day moving average is $11.57. The stock has a market cap of $779.89 million, a price-to-earnings ratio of -398.77 and a beta of 1.20.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (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 analyst estimates of $283.30 million. During the same period in the prior year, the company posted $0.17 EPS. MediaAlpha’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, research analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MAX shares. Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 target price on shares of MediaAlpha in a report on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MediaAlpha has an average rating of “Moderate Buy” and an average price target of $17.25.

Hedge Funds Weigh In On MediaAlpha

Several institutional investors have recently modified their holdings of the company. Quarry LP lifted its position in MediaAlpha by 43.3% in the 3rd 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 last quarter. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 1,213 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MediaAlpha in the second quarter valued at approximately $62,000. Semanteon Capital Management LP bought a new stake in shares of MediaAlpha during the second quarter valued at approximately $110,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of MediaAlpha during the second quarter worth approximately $111,000. Institutional investors own 64.39% of the company’s stock.

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.