MediaAlpha, Inc. (NYSE:MAX – Get Free Report) Director Eugene Nonko sold 8,205 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $12.78, for a total transaction of $104,859.90. Following the sale, the director owned 984,164 shares of the company’s stock, valued at $12,577,615.92. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.
Eugene Nonko also recently made the following trade(s):
- On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.89, for a total value of $42,304.98.
- On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.57, for a total value of $111,341.85.
- On Monday, August 10th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.30, for a total value of $43,650.60.
- On Tuesday, August 4th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.45, for a total value of $96,836.10.
- On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.50, for a total value of $33,337.50.
- On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total value of $102,398.40.
- On Monday, August 3rd, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.54, for a total value of $41,156.28.
- On Wednesday, July 29th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The stock was sold at an average price of $14.05, for a total value of $133,812.20.
- On Wednesday, July 29th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.05, for a total transaction of $69,575.60.
- On Tuesday, July 28th, Eugene Nonko sold 10,843 shares of MediaAlpha stock. The shares were sold at an average price of $13.78, for a total transaction of $149,416.54.
MediaAlpha Stock Performance
NYSE:MAX traded down $0.32 during mid-day trading on Wednesday, reaching $12.79. 423,222 shares of the company’s stock were exchanged, compared to its average volume of 791,160. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70. The business’s fifty day simple moving average is $12.10 and its two-hundred day simple moving average is $10.25. The firm has a market capitalization of $783.57 million, a PE ratio of 7.90 and a beta of 1.11.
Analysts Set New Price Targets
MAX has been the topic of a number of analyst reports. Texas Capital upgraded shares of MediaAlpha to a “strong-buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group increased their price target on shares of MediaAlpha from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Capital One Financial set a $11.00 price target on shares of MediaAlpha in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of MediaAlpha from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, MediaAlpha has an average rating of “Moderate Buy” and a consensus target price of $13.86.
Get Our Latest Research Report on MediaAlpha
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA bought a new position in shares of MediaAlpha in the first quarter worth about $122,000. Bank of America Corp DE grew its holdings in shares of MediaAlpha by 380.9% during the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock valued at $2,601,000 after purchasing an additional 221,540 shares during the last quarter. Amundi grew its holdings in shares of MediaAlpha by 33.2% during the 1st quarter. Amundi now owns 78,104 shares of the company’s stock valued at $726,000 after purchasing an additional 19,488 shares during the last quarter. Stoic Point Capital Management LLC grew its holdings in shares of MediaAlpha by 6.6% during the 1st quarter. Stoic Point Capital Management LLC now owns 221,041 shares of the company’s stock valued at $2,056,000 after purchasing an additional 13,743 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in MediaAlpha by 150.9% during the 1st quarter. Quantinno Capital Management LP now owns 107,274 shares of the company’s stock worth $998,000 after purchasing an additional 64,526 shares in the last quarter. Institutional investors own 64.39% of the company’s stock.
About MediaAlpha
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.
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