MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares of Stock

by · The Markets Daily

MediaAlpha, Inc. (NYSE:MAX – Get Free Report) CTO Kuanling Yeh sold 3,000 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $9.40, for a total value of $28,200.00. Following the transaction, the chief technology officer directly owned 546,091 shares of the company’s stock, valued at approximately $5,133,255.40. The trade was a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.

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

  • 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 shares were sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Trading Down 2.0%

Shares of MediaAlpha stock opened at $9.27 on Friday. The firm’s 50 day moving average is $12.34 and its 200 day moving average is $10.87. The firm has a market capitalization of $567.57 million, a PE ratio of 5.72 and a beta of 1.16. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70.

MediaAlpha (NYSE:MAX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. As a group, research analysts anticipate that MediaAlpha, Inc. will post 1.4 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAX. JPMorgan Chase & Co. began coverage on MediaAlpha in a research report on Monday, August 24th. They set a “neutral” rating and a $15.00 price objective on the stock. Weiss Ratings downgraded MediaAlpha from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Capital One Financial set a $11.00 price target on MediaAlpha in a research note on Tuesday, June 9th. Royal Bank Of Canada boosted their price target on MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, TD Cowen lowered their price objective on MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MediaAlpha presently has an average rating of “Moderate Buy” and a consensus target price of $14.29.

Check Out Our Latest Stock Analysis on MAX

Institutional Trading of MediaAlpha

Several institutional investors have recently modified their holdings of MAX. Rockefeller Capital Management L.P. increased its holdings in MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after purchasing an additional 2,777 shares during the period. Public Employees Retirement System of Ohio acquired a new position in MediaAlpha during the 1st quarter worth about $85,000. Aaron Wealth Advisors LLC bought a new stake in shares of MediaAlpha in the 1st quarter valued at about $95,000. Glenmede Trust Co. NA bought a new stake in shares of MediaAlpha in the 1st quarter valued at about $122,000. Finally, SG Americas Securities LLC increased its stake in shares of MediaAlpha by 23.2% in the first quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock valued at $181,000 after buying an additional 3,668 shares during the period. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

(Get Free Report)

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company’s platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.

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