MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 8,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $12.31, for a total transaction of $98,480.00. Following the completion of the sale, the insider directly owned 2,991,330 shares of the company’s stock, valued at approximately $36,823,272.30. This trade represents 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 link.

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

• On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.72, for a total value of $93,760.00.

MediaAlpha Stock Up 2.2%

MAX traded up $0.26 on Thursday, hitting $11.85. 27,496 shares of the company traded hands, compared to its average volume of 529,931. MediaAlpha, Inc. has a 12-month low of $7.33 and a 12-month high of $13.85. The company has a 50 day moving average of $11.96 and a 200-day moving average of $11.05. The stock has a market capitalization of $771.94 million, a PE ratio of -395.20 and a beta of 1.21.

MediaAlpha (NYSE:MAX) last released its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The business had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. MediaAlpha has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Institutional Trading of MediaAlpha

Hedge funds and other institutional investors have recently bought and sold shares of the company. Broad Bay Capital Management LP grew its holdings in MediaAlpha by 23.8% in the 1st quarter. Broad Bay Capital Management LP now owns 2,747,778 shares of the company’s stock valued at $25,389,000 after buying an additional 529,093 shares during the period. Clearline Capital LP grew its holdings in shares of MediaAlpha by 123.4% during the 1st quarter. Clearline Capital LP now owns 2,654,921 shares of the company’s stock worth $24,531,000 after purchasing an additional 1,466,760 shares during the period. Millennium Management LLC increased its position in MediaAlpha by 680.9% during the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company’s stock worth $16,268,000 after purchasing an additional 1,246,493 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after buying an additional 516,195 shares during the period. Finally, Shay Capital LLC lifted its position in MediaAlpha by 17.9% during the third quarter. Shay Capital LLC now owns 790,100 shares of the company’s stock valued at $8,991,000 after buying an additional 120,100 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAX has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaAlpha in a report on Thursday, November 13th. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a report on Thursday, October 30th. Keefe, Bruyette & Woods raised their price target on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.25.

MediaAlpha Company Profile

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.