MediaAlpha, Inc. (NYSE:MAX – Get Free Report) CTO Kuanling Yeh sold 3,000 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $11.77, for a total value of $35,310.00. Following the completion of the sale, the chief technology officer directly owned 543,091 shares of the company’s stock, valued at approximately $6,392,181.07. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.40, for a total value of $28,200.00.
- On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.00, for a total value of $36,000.00.
- On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.55, for a total value of $162,600.00.
MediaAlpha Trading Down 1.8%
NYSE:MAX traded down $0.21 during trading hours on Monday, hitting $11.29. The company had a trading volume of 629,296 shares, compared to its average volume of 792,607. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70. The company has a market cap of $691.69 million, a P/E ratio of 6.97 and a beta of 1.14. The company has a 50-day moving average of $11.41 and a 200 day moving average of $10.93.
MediaAlpha (NYSE:MAX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.23 by $0.42. The business had revenue of $316.88 million for the quarter, compared to analyst estimates of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. On average, analysts forecast that MediaAlpha, Inc. will post 1.40 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its holdings in MediaAlpha by 9,917.9% in 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 last quarter. SG Americas Securities LLC raised its position in MediaAlpha by 23.2% in the first quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock valued at $181,000 after purchasing an additional 3,668 shares during the period. State of Wyoming raised its position in MediaAlpha by 10.7% in the first quarter. State of Wyoming now owns 43,001 shares of the company’s stock valued at $400,000 after purchasing an additional 4,169 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in MediaAlpha by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 47,885 shares of the company’s stock worth $435,000 after purchasing an additional 4,935 shares in the last quarter. Finally, Corient Private Wealth LP lifted its stake in MediaAlpha by 50.7% during the second quarter. Corient Private Wealth LP now owns 23,451 shares of the company’s stock worth $295,000 after purchasing an additional 7,892 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Royal Bank Of Canada raised their price target on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Zacks Research raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on MediaAlpha in a report on Monday, August 24th. They issued a “neutral” rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.
Read Our Latest Research Report on MAX
MediaAlpha Company Profile
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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