MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $11.16, for a total value of $33,480.00. Following the completion of the sale, the chief technology officer owned 566,985 shares of the company’s stock, valued at approximately $6,327,552.60. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, June 5th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.89, for a total value of $26,670.00.
• On Friday, May 15th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.05, for a total transaction of $96,600.00.
• On Friday, April 10th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.25, for a total transaction of $27,750.00.

MediaAlpha Trading Up 8.1%

NYSE MAX opened at $11.90 on Friday. The firm has a market capitalization of $741.72 million, a price-to-earnings ratio of 18.59 and a beta of 1.16. The firm’s 50 day simple moving average is $9.35 and its 200 day simple moving average is $10.04. 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 Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). The firm had revenue of $310.00 million for the quarter, compared to analyst estimates of $298.91 million. MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. On average, equities research analysts forecast that MediaAlpha, Inc. will post 0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MAX shares. JPMorgan Chase & Co. raised their price objective on shares of MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings downgraded MediaAlpha from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Keefe, Bruyette & Woods lowered their price objective on MediaAlpha from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Capital One Financial set a $11.00 price objective on MediaAlpha in a research note on Tuesday, June 9th. Finally, Zacks Research lowered MediaAlpha from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.36.

Institutional Trading of MediaAlpha

Hedge funds and other institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA bought a new position in shares of MediaAlpha in the first quarter valued at $122,000. Bank of America Corp DE boosted its stake in MediaAlpha by 380.9% during the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after purchasing an additional 221,540 shares during the last quarter. Amundi increased its holdings in MediaAlpha by 33.2% during the 1st quarter. Amundi now owns 78,104 shares of the company’s stock worth $726,000 after purchasing an additional 19,488 shares in the last quarter. Stoic Point Capital Management LLC raised its stake in shares of MediaAlpha by 6.6% in the first quarter. Stoic Point Capital Management LLC now owns 221,041 shares of the company’s stock worth $2,056,000 after purchasing an additional 13,743 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of MediaAlpha by 150.9% in the first quarter. Quantinno Capital Management LP now owns 107,274 shares of the company’s stock valued at $998,000 after purchasing an additional 64,526 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.

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.