MediaAlpha (NYSE:MAX) Insider Sells $1,957,478.25 in Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 130,065 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $15.05, for a total transaction of $1,957,478.25. Following the transaction, the insider owned 2,044,836 shares of the company’s stock, valued at $30,774,781.80. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.

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

• On Wednesday, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The stock was sold at an average price of $15.50, for a total value of $2,342,499.50.
• On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The shares were sold at an average price of $14.78, for a total transaction of $2,051,552.68.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The shares were sold at an average price of $11.01, for a total transaction of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.38, for a total transaction of $594,240.00.

MediaAlpha Trading Down 0.9%

Shares of NYSE MAX traded down $0.13 during mid-day trading on Wednesday, reaching $15.02. 2,336,871 shares of the company’s stock were exchanged, compared to its average volume of 1,167,518. The company’s 50-day moving average is $11.36 and its 200-day moving average is $10.69. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $920.00 million, a price-to-earnings ratio of 8.25 and a beta of 1.12. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $15.99.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. The company had revenue of $375.95 million for the quarter, compared to analyst estimates of $347.93 million. Analysts expect that MediaAlpha, Inc. will post 1.47 EPS for the current fiscal year.

Trending Headlines about MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

Hedge Funds Weigh In On MediaAlpha

Several institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in MediaAlpha by 24.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after purchasing an additional 206,077 shares during the period. Jacobs Asset Management LLC lifted its holdings in shares of MediaAlpha by 31.1% in the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock valued at $8,597,000 after buying an additional 219,144 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after buying an additional 300,871 shares during the period. Triad Investment Management lifted its holdings in shares of MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after buying an additional 34,867 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of MediaAlpha by 380.9% in the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after buying an additional 221,540 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of MediaAlpha from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Keefe, Bruyette & Woods increased their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Zacks Research cut shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group boosted their price target on shares of MediaAlpha from $10.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.71.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.