Eugene Nonko Sells 8,205 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $12.99, for a total transaction of $106,582.95. Following the sale, the director owned 951,344 shares of the company’s stock, valued at approximately $12,357,958.56. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, August 26th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.55, for a total transaction of $97,613.90.
• On Wednesday, August 26th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.56, for a total transaction of $33,497.52.
• On Monday, August 24th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.99, for a total transaction of $42,633.18.
• On Wednesday, August 19th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.23, for a total transaction of $108,552.15.
• On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.20, for a total transaction of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total transaction of $104,859.90.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total transaction of $42,075.24.
• On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.78, for a total value of $104,859.90.
• On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.89, for a total value of $42,304.98.
• On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.57, for a total value of $111,341.85.

MediaAlpha Price Performance

Shares of NYSE MAX opened at $12.56 on Friday. The business’s 50-day moving average price is $12.95 and its two-hundred day moving average price is $10.50. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70. The company has a market capitalization of $769.61 million, a P/E ratio of 7.75 and a beta of 1.11.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The company had revenue of $316.88 million for the quarter, compared to analyst estimates of $300.87 million. On average, equities analysts anticipate that MediaAlpha, Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on MAX. The Goldman Sachs Group raised their price objective on shares of MediaAlpha from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of MediaAlpha in a research note on Monday. They set a “neutral” rating and a $15.00 price target on the stock. Texas Capital upgraded shares of MediaAlpha to a “strong-buy” rating in a report on Tuesday, June 9th. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a research note on Tuesday, June 9th. Finally, Canaccord Genuity Group lifted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, MediaAlpha presently has an average rating of “Moderate Buy” and a consensus price target of $14.29.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors have recently added to or reduced their stakes in MAX. Millennium Management LLC increased its stake in MediaAlpha by 680.9% during the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock valued at $16,268,000 after acquiring an additional 1,246,493 shares during the period. Victory Capital Management Inc. lifted its position in shares of MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company’s stock worth $8,089,000 after acquiring an additional 658,625 shares during the period. Lazard Asset Management LLC bought a new stake in shares of MediaAlpha in the 2nd quarter worth approximately $4,268,000. Lighthouse Investment Partners LLC grew its holdings in shares of MediaAlpha by 831.7% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company’s stock worth $4,028,000 after purchasing an additional 315,943 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of MediaAlpha by 29.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock worth $17,714,000 after purchasing an additional 309,455 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

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.