MediaAlpha, Inc. (NYSE:MAX – Get Free Report) Director Eugene Nonko sold 5,150 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $10.00, for a total transaction of $51,500.00. Following the completion of the transaction, the director directly owned 1,274,162 shares of the company’s stock, valued at approximately $12,741,620. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, April 29th, Eugene Nonko sold 26,888 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total transaction of $269,148.88.
- On Wednesday, April 29th, Eugene Nonko sold 25,606 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total transaction of $256,316.06.
- On Tuesday, April 28th, Eugene Nonko sold 2,003 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $20,030.00.
- On Monday, April 27th, Eugene Nonko sold 27,513 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total transaction of $276,230.52.
- On Monday, April 27th, Eugene Nonko sold 27,972 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $280,838.88.
- On Tuesday, April 21st, Eugene Nonko sold 22,274 shares of MediaAlpha stock. The shares were sold at an average price of $10.07, for a total transaction of $224,299.18.
- On Tuesday, April 21st, Eugene Nonko sold 15,172 shares of MediaAlpha stock. The shares were sold at an average price of $10.09, for a total transaction of $153,085.48.
- On Monday, April 20th, Eugene Nonko sold 49,844 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $500,433.76.
- On Monday, April 20th, Eugene Nonko sold 24,529 shares of MediaAlpha stock. The shares were sold at an average price of $10.05, for a total transaction of $246,516.45.
- On Tuesday, March 17th, Eugene Nonko sold 404 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $4,040.00.
MediaAlpha Stock Performance
Shares of NYSE:MAX traded down $0.01 during trading on Wednesday, reaching $10.00. 668,947 shares of the stock traded hands, compared to its average volume of 754,992. The stock has a 50-day moving average of $9.51 and a two-hundred day moving average of $10.87. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $13.92. The stock has a market cap of $645.09 million, a P/E ratio of 25.65 and a beta of 1.39.
Wall Street Analysts Forecast Growth
MAX has been the topic of several recent research reports. Weiss Ratings upgraded shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada decreased their price target on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. decreased their price target on shares of MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Finally, Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.70.
Check Out Our Latest Analysis on MAX
Hedge Funds Weigh In On MediaAlpha
A number of large investors have recently made changes to their positions in MAX. Creative Planning purchased a new position in shares of MediaAlpha during the 2nd quarter worth about $168,000. JPMorgan Chase & Co. boosted its position in MediaAlpha by 75.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 542,246 shares of the company’s stock valued at $5,938,000 after buying an additional 233,948 shares during the period. Legal & General Group Plc boosted its position in MediaAlpha by 29.3% in the 2nd quarter. Legal & General Group Plc now owns 36,315 shares of the company’s stock valued at $398,000 after buying an additional 8,229 shares during the period. Rhumbline Advisers boosted its position in MediaAlpha by 34.4% in the 2nd quarter. Rhumbline Advisers now owns 55,622 shares of the company’s stock valued at $609,000 after buying an additional 14,234 shares during the period. Finally, XTX Topco Ltd purchased a new stake in MediaAlpha in the 2nd quarter valued at about $153,000. 64.39% of the stock is owned by hedge funds and other institutional investors.
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.
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