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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $9.75, for a total transaction of $39,000.00. Following the transaction, the insider owned 2,623,974 shares in the company, valued at approximately $25,583,746.50. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The shares were sold at an average price of $9.86, for a total transaction of $55,709.00.
• On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.03, for a total transaction of $80,240.00.
• On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total value of $392,127.48.
• On Wednesday, February 25th, Steven Yi sold 12,748 shares of MediaAlpha stock. The shares were sold at an average price of $9.69, for a total value of $123,528.12.
• On Monday, February 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.75, for a total value of $31,000.00.
• On Thursday, February 19th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.29, for a total value of $29,160.00.
• On Tuesday, February 17th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.16, for a total value of $28,640.00.
• On Wednesday, February 11th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.99, for a total value of $31,960.00.
• On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.74, for a total value of $34,960.00.
• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.94, for a total value of $35,760.00.

MediaAlpha Price Performance

Shares of NYSE MAX traded down $0.02 during mid-day trading on Thursday, reaching $9.85. 152,814 shares of the company’s stock were exchanged, compared to its average volume of 909,055. The firm has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $11.39. The firm has a market capitalization of $635.29 million, a price-to-earnings ratio of 25.26 and a beta of 1.30. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.25. The company had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. As a group, sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

Several hedge funds and other institutional investors have recently modified their holdings of MAX. Millennium Management LLC lifted its stake in shares of MediaAlpha by 680.9% during the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after buying an additional 1,246,493 shares in the last quarter. Victory Capital Management Inc. grew its stake in MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock valued at $8,089,000 after buying an additional 658,625 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in MediaAlpha by 95.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after acquiring an additional 516,195 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of MediaAlpha during the second quarter worth $4,268,000. Finally, Lighthouse Investment Partners LLC lifted its position in shares of MediaAlpha by 831.7% during the third quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company’s stock worth $4,028,000 after acquiring an additional 315,943 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MAX. The Goldman Sachs Group reduced their target price on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Tuesday, February 24th. Zacks Research upgraded MediaAlpha from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price objective on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Weiss Ratings raised MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen upgraded 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.58.

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.