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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $10.57, for a total value of $84,560.00. Following the completion of the sale, the insider owned 2,735,330 shares of the company’s stock, valued at $28,912,438.10. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.89, for a total transaction of $87,120.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $89,600.00.
• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total transaction of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.51, for a total transaction of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.66, for a total value of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total transaction of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.94, for a total value of $103,520.00.
• On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total value of $101,200.00.
• On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total value of $101,360.00.

MediaAlpha Stock Performance

NYSE MAX traded down $0.25 on Wednesday, reaching $10.48. 410,394 shares of the company’s stock traded hands, compared to its average volume of 493,150. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.92. The firm has a market cap of $682.68 million, a price-to-earnings ratio of -349.05 and a beta of 1.21. The stock has a 50 day moving average price of $12.29 and a 200-day moving average price of $11.68.

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

Hedge Funds Weigh In On MediaAlpha

Several large investors have recently made changes to their positions in the stock. Quarry LP boosted its position in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after buying an additional 1,213 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of MediaAlpha in the second quarter valued at $62,000. Semanteon Capital Management LP purchased a new stake in shares of MediaAlpha in the 2nd quarter valued at $110,000. Finally, Invesco Ltd. acquired a new position in MediaAlpha during the 2nd quarter worth about $117,000. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MAX shares. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a report on Friday, October 31st. Keefe, Bruyette & Woods boosted their price target on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a research note on Monday, December 29th. Finally, Zacks Research lowered MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.

About MediaAlpha

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.