MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 6,700 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $11.70, for a total transaction of $78,390.00. Following the completion of the sale, the director owned 1,522,620 shares of the company’s stock, valued at approximately $17,814,654. This trade represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, January 14th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $63,180.00.
• On Monday, January 12th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.52, for a total value of $77,184.00.
• On Monday, January 12th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.52, for a total value of $62,208.00.
• On Wednesday, January 7th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were 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 transaction of $63,018.00.
• On Monday, January 5th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total value of $80,266.00.
• 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 transaction 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 transaction of $86,631.00.
• On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were 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 transaction of $84,755.00.

MediaAlpha Trading Down 1.8%

Shares of NYSE:MAX traded down $0.21 on Wednesday, hitting $11.39. The company had a trading volume of 635,655 shares, compared to its average volume of 456,739. The stock has a market cap of $742.22 million, a price-to-earnings ratio of -379.51 and a beta of 1.21. The stock has a 50 day moving average price of $12.60 and a 200 day moving average price of $11.64. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $13.92.

MediaAlpha (NYSE:MAX) last released its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share 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 firm had revenue of $306.51 million during the quarter, compared to the consensus estimate of $283.30 million. During the same period in the prior year, the company posted $0.17 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Zacks Research cut shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. 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. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MediaAlpha presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Hedge Funds Weigh In On MediaAlpha

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pallas Capital Advisors LLC bought a new stake in MediaAlpha during the second quarter valued at about $111,000. Wealth Enhancement Advisory Services LLC bought a new stake in MediaAlpha in the second quarter worth $155,000. Janney Montgomery Scott LLC purchased a new stake in shares of MediaAlpha during the 2nd quarter valued at about $895,000. CWM LLC boosted its holdings in shares of MediaAlpha by 37.3% in the 2nd quarter. CWM LLC now owns 22,681 shares of the company’s stock worth $248,000 after purchasing an additional 6,158 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in MediaAlpha during the second quarter valued at $219,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

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.