Steven Yi Sells 4,000 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $8.94, for a total transaction of $35,760.00. Following the transaction, the insider directly owned 2,715,330 shares in the company, valued at $24,275,050.20. This trade represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, February 2nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.32, for a total transaction of $82,560.00.
• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.57, for a total transaction of $84,560.00.
• 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 shares were sold at an average price of $11.20, for a total transaction of $89,600.00.
• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total value 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 value 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 value of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were 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 value 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 transaction of $103,520.00.

MediaAlpha Price Performance

Shares of MediaAlpha stock opened at $8.41 on Friday. MediaAlpha, Inc. has a 52-week low of $7.33 and a 52-week high of $13.92. The firm has a market capitalization of $548.16 million, a PE ratio of -280.27 and a beta of 1.29. The company’s fifty day moving average price is $11.95 and its two-hundred day moving average price is $11.63.

Institutional Investors Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of MediaAlpha during the second quarter worth $155,000. Janney Montgomery Scott LLC acquired a new position in MediaAlpha during the 2nd quarter worth about $895,000. CWM LLC grew its holdings in MediaAlpha by 37.3% during the 2nd quarter. CWM LLC now owns 22,681 shares of the company’s stock worth $248,000 after acquiring an additional 6,158 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in MediaAlpha in the 2nd quarter valued at about $219,000. Finally, Y Intercept Hong Kong Ltd increased its position in MediaAlpha by 519.1% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 162,747 shares of the company’s stock valued at $1,782,000 after acquiring an additional 136,459 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAX has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. Zacks Research downgraded MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods upped their price target on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated 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, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.