MediaAlpha (NYSE:MAX) Director Sells $80,266.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $11.98, for a total transaction of $80,266.00. Following the completion of the sale, the director owned 1,556,120 shares of the company’s stock, valued at approximately $18,642,317.60. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, January 7th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $11.66, for a total transaction of $78,122.00.
• On Wednesday, January 7th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.67, for a total value of $63,018.00.
• On Monday, January 5th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.99, for a total value of $64,746.00.
• On Wednesday, December 31st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.93, for a total value of $86,631.00.
• On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.93, for a total value of $69,822.00.
• On Monday, December 29th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total value of $84,755.00.
• On Monday, December 29th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total value of $68,310.00.
• On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total value of $84,889.00.
• On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $68,418.00.
• On Monday, December 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.91, for a total transaction of $86,497.00.

MediaAlpha Trading Down 0.9%

MediaAlpha stock opened at $11.61 on Friday. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92. The firm’s fifty day simple moving average is $12.67 and its 200-day simple moving average is $11.62. The company has a market capitalization of $756.30 million, a P/E ratio of -386.70 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last posted 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. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The firm had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. During the same period in the prior year, the business posted $0.17 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MAX shares. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen downgraded shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Keefe, Bruyette & Woods boosted their target price on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of MediaAlpha in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Hedge Funds Weigh In On MediaAlpha

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings 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 purchasing an additional 85,581 shares during the period. Divisadero Street Capital Management LP acquired a new stake in MediaAlpha during the second quarter worth about $952,000. Janney Montgomery Scott LLC acquired a new stake in MediaAlpha during the second quarter worth about $895,000. Pallas Capital Advisors LLC bought a new position in MediaAlpha during the second quarter valued at about $111,000. Finally, Acadian Asset Management LLC raised its holdings in MediaAlpha by 65.7% in the 2nd quarter. Acadian Asset Management LLC now owns 532,437 shares of the company’s stock valued at $5,823,000 after acquiring an additional 211,135 shares in the last quarter. 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.