Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 6,700 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $12.93, for a total value of $86,631.00. Following the completion of the transaction, the director owned 1,562,820 shares in the company, valued at approximately $20,207,262.60. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.93, for a total value of $69,822.00.
• On Monday, December 29th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total value of $84,755.00.
• On Monday, December 29th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total transaction of $68,310.00.
• On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $84,889.00.
• On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.67, for a total transaction of $68,418.00.
• On Monday, December 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.91, for a total transaction of $86,497.00.
• On Monday, December 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.91, for a total transaction of $69,714.00.
• On Wednesday, December 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.79, for a total transaction of $85,693.00.
• On Wednesday, December 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.80, for a total transaction of $69,120.00.
• On Monday, December 15th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.83, for a total value of $85,961.00.

MediaAlpha Price Performance

Shares of NYSE:MAX traded down $0.05 during midday trading on Wednesday, hitting $12.98. The company had a trading volume of 358,236 shares, compared to its average volume of 520,853. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $13.92. The stock has a market cap of $845.93 million, a price-to-earnings ratio of -432.52 and a beta of 1.21. The business’s 50-day simple moving average is $12.60 and its 200-day simple moving average is $11.55.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of MediaAlpha in a research note on Monday. Keefe, Bruyette & Woods lifted their price target on shares of MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Institutional Investors Weigh In On MediaAlpha

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC boosted its position in shares of MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company’s stock worth $203,000 after purchasing an additional 1,105 shares during the period. Hsbc Holdings PLC lifted its stake in MediaAlpha by 2.3% during the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company’s stock worth $561,000 after purchasing an additional 1,144 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after buying an additional 1,213 shares during the period. Quarry LP boosted its position in shares of MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after buying an additional 1,234 shares during the period. Finally, Corton Capital Inc. grew its stake in shares of MediaAlpha by 8.2% in the second quarter. Corton Capital Inc. now owns 18,865 shares of the company’s stock valued at $207,000 after buying an additional 1,425 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.

MediaAlpha Company Profile

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.