MediaAlpha, Inc. (NYSE:MAX – Get Free Report) CRO Keith Cramer sold 12,000 shares of MediaAlpha stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $11.39, for a total transaction of $136,680.00. Following the completion of the sale, the executive owned 239,303 shares of the company’s stock, valued at approximately $2,725,661.17. The trade was a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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.
Keith Cramer also recently made the following trade(s):
- On Tuesday, September 15th, Keith Cramer sold 13,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.49, for a total value of $149,370.00.
- On Monday, August 17th, Keith Cramer sold 13,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.76, for a total value of $165,880.00.
MediaAlpha Stock Down 2.3%
NYSE MAX traded down $0.28 on Wednesday, hitting $11.52. The company’s stock had a trading volume of 558,510 shares, compared to its average volume of 1,006,981. The company’s 50-day moving average is $11.32 and its 200 day moving average is $10.98. The firm has a market cap of $705.41 million, a PE ratio of 7.11 and a beta of 1.14. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $14.70.
MediaAlpha (NYSE:MAX – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.42. The company had revenue of $316.88 million during the quarter, compared to analysts’ expectations of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. On average, equities analysts expect that MediaAlpha, Inc. will post 1.40 EPS for the current year.
Institutional Trading of MediaAlpha
Several hedge funds have recently bought and sold shares of MAX. Rockefeller Capital Management L.P. lifted its stake in shares of MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after buying an additional 2,777 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of MediaAlpha during the first quarter worth about $85,000. Aaron Wealth Advisors LLC bought a new stake in shares of MediaAlpha during the first quarter worth about $95,000. Glenmede Trust Co. NA bought a new stake in shares of MediaAlpha during the first quarter worth about $122,000. Finally, SG Americas Securities LLC raised its holdings in shares of MediaAlpha by 23.2% in the 1st quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock worth $181,000 after acquiring an additional 3,668 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on MAX shares. Canaccord Genuity Group boosted their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Zacks Research upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 22nd. Weiss Ratings raised shares of MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. TD Cowen dropped their price objective on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of MediaAlpha in a research report on Monday, August 24th. They set a “neutral” rating and a $15.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.79.
Read Our Latest Stock Analysis on MediaAlpha
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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