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

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of MediaAlpha stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $10.32, for a total transaction of $82,560.00. Following the completion of the transaction, the insider owned 2,727,330 shares in the company, valued at approximately $28,146,045.60. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.94, for a total value of $35,760.00.
• On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.57, for a total value of $84,560.00.
• On Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.89, for a total value of $87,120.00.
• On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total value of $89,600.00.
• On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $89,600.00.
• On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.69, for a total value of $93,520.00.
• On Monday, January 12th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.51, for a total transaction of $92,080.00.
• On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.66, for a total transaction of $93,280.00.
• On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.98, for a total transaction of $95,840.00.
• On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.94, for a total transaction of $103,520.00.

MediaAlpha Stock Performance

MediaAlpha stock opened at $8.41 on Friday. MediaAlpha, Inc. has a 52 week low of $7.33 and a 52 week high of $13.92. The firm has a market capitalization of $548.16 million, a price-to-earnings ratio of -280.27 and a beta of 1.29. The company has a 50 day moving average price of $11.95 and a 200 day moving average price of $11.63.

Analysts Set New Price Targets

Several brokerages recently issued reports on MAX. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Keefe, Bruyette & Woods upped their target price on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a research note on Friday, October 31st. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.25.

Hedge Funds Weigh In On MediaAlpha

A number of hedge funds have recently added to or reduced their stakes in the company. Versor Investments LP acquired a new stake in MediaAlpha in the fourth quarter valued at approximately $380,000. Strs Ohio bought a new position in shares of MediaAlpha during the 4th quarter valued at $49,000. Cornerstone Investment Partners LLC acquired a new stake in shares of MediaAlpha in the 4th quarter valued at $190,000. Moran Wealth Management LLC acquired a new stake in shares of MediaAlpha in the 4th quarter valued at $165,000. Finally, CWM LLC boosted its holdings in MediaAlpha by 10.1% in the fourth quarter. CWM LLC now owns 42,278 shares of the company’s stock worth $548,000 after purchasing an additional 3,895 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.