MediaAlpha (NYSE:MAX) CTO Sells $372,750.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Yeh sold 25,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $14.91, for a total value of $372,750.00. Following the transaction, the chief technology officer owned 493,091 shares of the company’s stock, valued at $7,351,986.81. The trade was a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, October 30th, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The shares were sold at an average price of $14.47, for a total value of $361,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.77, for a total transaction of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total transaction of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.00, for a total transaction of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Stock Down 4.2%

MediaAlpha stock opened at $14.42 on Friday. The firm has a market capitalization of $883.67 million, a price-to-earnings ratio of 7.93 and a beta of 1.12. The company’s 50 day simple moving average is $11.44 and its 200 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 fifty-two week low of $7.09 and a fifty-two week high of $15.99.

MediaAlpha (NYSE:MAX) last issued its earnings results on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.28 by $0.18. The firm had revenue of $375.95 million during 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%. As a group, sell-side analysts anticipate that MediaAlpha, Inc. will post 1.47 EPS for the current year.

Hedge Funds Weigh In On MediaAlpha

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of MediaAlpha by 380.9% during the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after buying an additional 221,540 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 in the last quarter. Jacobs Asset Management LLC lifted its stake in 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 acquiring an additional 219,144 shares in the last quarter. Globeflex Capital L P bought a new stake in MediaAlpha in the 2nd quarter valued at approximately $702,000. Finally, Principal Financial Group Inc. boosted its position in MediaAlpha by 288.7% during the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock worth $1,280,000 after acquiring an additional 102,210 shares during the last quarter. Institutional investors 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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Royal Bank Of Canada raised their price objective on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Weiss Ratings upgraded MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. The Goldman Sachs Group lifted their target price on MediaAlpha from $10.50 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. boosted their target price on MediaAlpha from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.71.

MediaAlpha Company Profile

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.