MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 25,000 Shares of Company Stock

by · The Markets Daily

MediaAlpha, Inc. (NYSE:MAX – Get Free Report) CTO Kuanling Yeh sold 25,000 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $14.91, for a total value of $372,750.00. Following the completion of the sale, the chief technology officer directly 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 legal filing with the SEC, which is available through this link.

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 stock was 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 stock was 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 stock was 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 Stock Up 2.5%

Shares of MAX traded up $0.37 during trading hours on Tuesday, reaching $15.15. 1,400,998 shares of the stock traded hands, compared to its average volume of 1,144,826. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 8.49. The stock has a fifty day simple moving average of $11.31 and a 200 day simple moving average of $10.67. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $15.22. The company has a market cap of $927.91 million, a price-to-earnings ratio of 8.12 and a beta of 1.12.

MediaAlpha (NYSE:MAX – Get Free Report) last released its quarterly 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. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The business had revenue of $375.95 million for the quarter, compared to analysts’ expectations of $347.93 million. On average, equities analysts forecast that MediaAlpha, Inc. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MAX shares. Royal Bank Of Canada boosted their target price on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. The Goldman Sachs Group upped their price objective on MediaAlpha from $10.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Keefe, Bruyette & Woods raised their target price on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on MediaAlpha from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Finally, Wall Street Zen downgraded shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a report on Saturday. One 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.71.

View Our Latest Analysis on MAX

Institutional Investors Weigh In On MediaAlpha

Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its stake 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 last quarter. Covestor Ltd grew its holdings in MediaAlpha by 21.2% during the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock valued at $56,000 after purchasing an additional 1,011 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in MediaAlpha in the first quarter worth $85,000. State of Wyoming purchased a new stake in MediaAlpha in the third quarter worth $109,000. Finally, Glenmede Trust Co. NA purchased a new stake in MediaAlpha in the first quarter worth $122,000. Institutional investors own 64.39% of the company’s stock.

About MediaAlpha

(Get Free Report)

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.

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