MediaAlpha (NYSE:MAX) Insider Sells 8,000 Shares

by · The Cerbat Gem

MediaAlpha, Inc. (NYSE:MAX – Get Free Report) insider Steven Yi sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $13.50, for a total transaction of $108,000.00. Following the completion of the transaction, the insider directly owned 2,903,330 shares of the company’s stock, valued at $39,194,955. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.07, for a total transaction of $104,560.00.
  • On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.37, for a total transaction of $106,960.00.
  • On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.60, for a total transaction of $100,800.00.
  • On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total value of $99,840.00.
  • On Monday, November 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.88, for a total value of $95,040.00.
  • On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.72, for a total value of $93,760.00.
  • On Monday, November 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.31, for a total value of $98,480.00.

MediaAlpha Stock Down 2.9%

Shares of NYSE:MAX traded down $0.39 during trading on Wednesday, hitting $13.32. The stock had a trading volume of 409,337 shares, compared to its average volume of 530,366. MediaAlpha, Inc. has a 12-month low of $7.33 and a 12-month high of $13.92. The stock has a market capitalization of $868.03 million, a price-to-earnings ratio of -443.82 and a beta of 1.21. The stock has a 50-day simple moving average of $12.02 and a two-hundred day simple moving average of $11.31.

MediaAlpha (NYSE:MAX – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The company had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. During the same quarter in the prior year, the company earned $0.17 EPS. MediaAlpha’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of MediaAlpha

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of MediaAlpha by 18.1% during the 1st quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock valued at $5,154,000 after buying an additional 85,581 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in MediaAlpha in the 2nd quarter worth $952,000. Hsbc Holdings PLC raised its position in MediaAlpha by 21.7% during the first quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock worth $472,000 after acquiring an additional 8,981 shares during the period. Janney Montgomery Scott LLC acquired a new position in MediaAlpha during the second quarter worth $895,000. Finally, Nuveen LLC purchased a new position in MediaAlpha during the first quarter valued at $4,675,000. 64.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MAX shares. JPMorgan Chase & Co. raised their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wall Street Zen upgraded MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price target on shares of MediaAlpha in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MediaAlpha presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Check Out Our Latest Stock Analysis on MediaAlpha

About MediaAlpha

(Get Free Report)

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.

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