Insider Selling: MediaAlpha (NYSE:MAX) CTO Sells $31,020.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $10.34, for a total value of $31,020.00. Following the sale, the chief technology officer owned 393,979 shares of the company’s stock, valued at approximately $4,073,742.86. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, February 13th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.31, for a total value of $87,720.00.
• On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.48, for a total value of $34,440.00.
• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.95, for a total value of $38,850.00.
• 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 transaction of $39,480.00.
• On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.49, for a total transaction of $161,880.00.

MediaAlpha Stock Down 2.6%

Shares of NYSE:MAX opened at $10.09 on Monday. The stock has a market capitalization of $650.76 million, a PE ratio of 25.87 and a beta of 1.30. The firm’s 50 day moving average price is $10.16 and its 200-day moving average price is $11.41. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $13.92.

MediaAlpha (NYSE:MAX) last announced its earnings results on Monday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.25. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The company had revenue of $291.16 million during the quarter, compared to analyst estimates of $296.42 million. During the same period in the previous year, the business posted $0.08 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MAX shares. Keefe, Bruyette & Woods cut their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. JPMorgan Chase & Co. lowered their target price on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Royal Bank Of Canada lowered their target price on MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Weiss Ratings upgraded MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.58.

Hedge Funds Weigh In On MediaAlpha

A number of hedge funds have recently modified their holdings of MAX. Divisadero Street Capital Management LP bought a new stake in shares of MediaAlpha during the 2nd quarter valued at $952,000. JPMorgan Chase & Co. boosted its holdings in MediaAlpha by 95.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock worth $12,045,000 after buying an additional 516,195 shares during the period. Acadian Asset Management LLC boosted 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 worth $5,823,000 after buying an additional 211,135 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in MediaAlpha by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 26,254 shares of the company’s stock worth $287,000 after buying an additional 4,583 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in MediaAlpha by 106.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,617 shares of the company’s stock valued at $379,000 after acquiring an additional 17,868 shares during the period. 64.39% of the stock is currently owned by institutional investors.

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.