MediaAlpha (NYSE:MAX) Major Shareholder Sells $76,455,434.90 in Stock

MediaAlpha, Inc. (NYSE:MAX) major shareholder Mountains Insurance Grou White sold 5,500,391 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $13.90, for a total value of $76,455,434.90. Following the completion of the sale, the insider owned 12,356,223 shares in the company, valued at $171,751,499.70. This represents a 30.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

MediaAlpha Stock Down 4.2%

Shares of NYSE MAX traded down $0.63 during midday trading on Thursday, hitting $14.42. The company’s stock had a trading volume of 1,458,527 shares, compared to its average volume of 1,219,126. The business’s fifty day simple moving average is $11.44 and its two-hundred day simple moving average is $10.72. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $15.99. The firm has a market capitalization of $883.67 million, a price-to-earnings ratio of 7.93 and a beta of 1.12.

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

Wall Street Analysts Forecast Growth

MAX has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on MediaAlpha from $10.50 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Royal Bank Of Canada increased their price target on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Wall Street Zen cut MediaAlpha from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Zacks Research cut MediaAlpha from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 21st. Finally, Canaccord Genuity Group boosted their price objective on MediaAlpha from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.71.

Hedge Funds Weigh In On MediaAlpha

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased 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 acquiring an additional 300,871 shares during the last quarter. Bank of America Corp DE raised its position in shares of MediaAlpha by 380.9% during the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after acquiring an additional 221,540 shares in the last quarter. Jacobs Asset Management LLC lifted its stake in MediaAlpha by 31.1% during the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock worth $8,597,000 after purchasing an additional 219,144 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in MediaAlpha by 24.1% during the first 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 last quarter. Finally, Principal Financial Group Inc. lifted its stake in MediaAlpha by 288.7% during the first quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock worth $1,280,000 after purchasing an additional 102,210 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Trending Headlines about MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat estimates, and its earnings-call recap points to broadening insurance-advertising demand, including home insurance growth, higher carrier spending, and gains supported by AI tools. These trends could support continued marketplace growth. Read the article
• Neutral Sentiment: Insider selling was reported by Steven Yi, director Eugene Nonko, and CTO Kuanling Yeh. Yi and Nonko’s filings describe sales under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards; that context may make those transactions less indicative of a change in their views of the company. Read the article
• Negative Sentiment: The scale and frequency of reported sales—including large transactions by Yi and Nonko over several days—could nevertheless concern investors and add near-term selling pressure. Read the article

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.