MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 20,001 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 20,001 shares of MediaAlpha stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $10.00, for a total transaction of $200,010.00. Following the completion of the sale, the director owned 1,227,273 shares in the company, valued at approximately $12,272,730. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.

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

• On Wednesday, June 10th, Eugene Nonko sold 3,201 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $32,010.00.
• On Wednesday, April 29th, Eugene Nonko sold 26,888 shares of MediaAlpha stock. The shares were 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 shares were sold at an average price of $10.01, for a total transaction of $256,316.06.
• On Tuesday, April 28th, Eugene Nonko sold 5,150 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $51,500.00.
• On Tuesday, April 28th, Eugene Nonko sold 2,003 shares of MediaAlpha stock. The shares were 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 shares were 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.

MediaAlpha Trading Up 1.3%

Shares of MAX stock opened at $9.47 on Friday. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $13.92. The stock has a market cap of $590.33 million, a PE ratio of 14.79 and a beta of 1.16. The company’s fifty day moving average price is $9.14 and its 200-day moving average price is $10.21.

MediaAlpha (NYSE:MAX) last announced its earnings results on Wednesday, April 29th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $298.91 million. During the same quarter last year, the firm posted ($0.04) EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts forecast that MediaAlpha, Inc. will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MediaAlpha

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC raised its position in MediaAlpha by 680.9% in the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after buying an additional 1,246,493 shares during the last quarter. JPMorgan Chase & Co. raised its position in MediaAlpha by 29.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company’s stock worth $17,714,000 after buying an additional 309,455 shares during the last quarter. Clearline Capital LP raised its position in MediaAlpha by 0.8% in the 4th quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock worth $16,854,000 after buying an additional 10,604 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in MediaAlpha by 24.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after buying an additional 206,077 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in MediaAlpha by 10.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,045,400 shares of the company’s stock worth $13,538,000 after buying an additional 100,300 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Texas Capital upgraded shares of MediaAlpha to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.58.

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.