MediaAlpha, Inc. (NYSE:MAX – Get Free Report) CTO Kuanling Amy Yeh sold 12,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00. Following the completion of the transaction, the chief technology officer owned 541,985 shares in the company, valued at $7,343,896.75. This trade represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, June 26th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.16, for a total transaction of $33,480.00.
- On Friday, June 5th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.89, for a total transaction of $26,670.00.
MediaAlpha Trading Down 4.0%
Shares of MAX stock opened at $12.64 on Tuesday. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $14.70. The stock has a market cap of $774.33 million, a P/E ratio of 7.80 and a beta of 1.11. The company has a 50 day simple moving average of $12.44 and a two-hundred day simple moving average of $10.31.
Institutional Investors Weigh In On MediaAlpha
A number of institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after acquiring an additional 2,124 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in MediaAlpha by 9,917.9% during the 4th 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 period. Quarry LP raised its stake in MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after purchasing an additional 1,234 shares during the period. Strs Ohio purchased a new position in MediaAlpha in the 4th quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC lifted its holdings in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Texas Capital raised MediaAlpha to a “strong-buy” rating in a research report on Tuesday, June 9th. Zacks Research downgraded MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a report on Tuesday, June 9th. Finally, Canaccord Genuity Group raised their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, MediaAlpha has a consensus rating of “Moderate Buy” and an average price target of $13.86.
Get Our Latest Stock Analysis on MediaAlpha
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.
Read More
- Five stocks we like better than MediaAlpha
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for MediaAlpha Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MediaAlpha and related companies with MarketBeat.com's FREE daily email newsletter.
