MediaAlpha (NYSE:MAX) CTO Sells $28,320.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $9.44, for a total transaction of $28,320.00. Following the completion of the transaction, the chief technology officer owned 577,879 shares of the company’s stock, valued at approximately $5,455,177.76. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, March 6th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.34, for a total value of $31,020.00.
• 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 stock was sold at an average price of $12.95, for a total value of $38,850.00.

MediaAlpha Price Performance

MAX stock opened at $9.43 on Tuesday. The firm has a market capitalization of $608.11 million, a P/E ratio of 24.17 and a beta of 1.30. The business’s 50-day moving average is $9.41 and its two-hundred day moving average is $11.22. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92.

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

Institutional Investors Weigh In On MediaAlpha

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its position in shares of MediaAlpha by 6.4% during the second quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after acquiring an additional 1,105 shares during the last quarter. Hsbc Holdings PLC raised its position in MediaAlpha by 2.3% in the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock valued at $561,000 after purchasing an additional 1,144 shares during the last quarter. Tower Research Capital LLC TRC raised its position in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after purchasing an additional 1,213 shares during the last quarter. Quarry LP boosted its stake in 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. Finally, The Manufacturers Life Insurance Company grew its position in MediaAlpha by 13.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company’s stock worth $140,000 after purchasing an additional 1,510 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Wall Street Zen cut MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group decreased their price target on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. lowered their price objective on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.58.

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.