MediaAlpha, Inc. (NYSE:MAX – Get Free Report) Director Eugene Nonko sold 6,667 shares of MediaAlpha stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $10.15, for a total value of $67,670.05. Following the completion of the transaction, the director owned 847,883 shares in the company, valued at approximately $8,606,012.45. This represents a 0.78% decrease in their position. The transaction 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, October 14th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.37, for a total value of $69,136.79.
- On Wednesday, October 14th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.41, for a total transaction of $11,107.47.
- On Monday, October 12th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.14, for a total transaction of $10,819.38.
- On Monday, September 21st, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.53, for a total transaction of $70,203.51.
- On Monday, September 21st, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The shares were sold at an average price of $10.54, for a total transaction of $11,246.18.
- On Tuesday, September 15th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.49, for a total transaction of $83,566.77.
- On Tuesday, September 15th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total transaction of $22,271.20.
- On Monday, September 14th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $11.96, for a total transaction of $93,024.88.
- On Monday, September 14th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.03, for a total transaction of $32,084.01.
- On Thursday, September 10th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.62, for a total transaction of $84,512.26.
MediaAlpha Trading Up 1.3%
NYSE:MAX traded up $0.14 on Wednesday, hitting $10.61. The company had a trading volume of 823,642 shares, compared to its average volume of 789,932. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $14.70. The stock has a market capitalization of $649.78 million, a price-to-earnings ratio of 6.55 and a beta of 1.14. The firm has a 50 day moving average of $11.50 and a two-hundred day moving average of $10.89.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada boosted their price objective on MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on MediaAlpha in a report on Monday, August 24th. They issued a “neutral” rating and a $15.00 target price for the company. TD Cowen dropped their target price on MediaAlpha from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, June 23rd. Weiss Ratings upgraded MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research raised MediaAlpha from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.79.
Get Our Latest Research Report on MediaAlpha
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of MAX. Dimensional Fund Advisors LP grew its position in shares of MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock valued at $5,773,000 after buying an additional 300,871 shares during the last quarter. Bank of America Corp DE raised its position in shares of MediaAlpha by 380.9% during the first quarter. Bank of America Corp DE now owns 279,704 shares of the company’s stock worth $2,601,000 after acquiring an additional 221,540 shares during the last quarter. Jacobs Asset Management LLC raised its position in shares of MediaAlpha by 31.1% during the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company’s stock worth $8,597,000 after acquiring an additional 219,144 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of MediaAlpha by 24.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after acquiring an additional 206,077 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of MediaAlpha by 288.7% in the first quarter. Principal Financial Group Inc. now owns 137,613 shares of the company’s stock worth $1,280,000 after acquiring an additional 102,210 shares during the period. 64.39% of the stock is owned by institutional investors and hedge funds.
About MediaAlpha
MediaAlpha, Inc (NYSE: MAX) operates a technology platform designed to help insurance companies and distributors acquire customers through digital channels. Its platform connects consumers who are shopping for insurance with providers and other distribution partners, using data, analytics and automated transactions to facilitate customer acquisition.
The company’s services primarily support insurance shopping and marketing across categories such as auto, home, health and life insurance.
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