MediaAlpha (NYSE:MAX) CRO Sells $113,700.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CRO Keith Cramer sold 10,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $11.37, for a total transaction of $113,700.00. Following the sale, the executive directly owned 177,169 shares in the company, valued at $2,014,411.53. This trade represents a 5.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Keith Cramer also recently made the following trade(s):

• On Monday, December 15th, Keith Cramer sold 10,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.83, for a total value of $128,300.00.

MediaAlpha Stock Down 1.3%

Shares of MediaAlpha stock traded down $0.15 on Friday, reaching $11.43. The company’s stock had a trading volume of 687,000 shares, compared to its average volume of 478,055. The company has a market capitalization of $745.15 million, a P/E ratio of -381.01 and a beta of 1.21. The stock has a 50-day moving average price of $12.54 and a 200-day moving average price of $11.63. MediaAlpha, Inc. has a 52-week low of $7.33 and a 52-week high of $13.92.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $306.51 million during the quarter, compared to analyst estimates of $283.30 million. MediaAlpha had a negative net margin of 0.10% and a negative return on equity of 71.02%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 EPS. Sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Pallas Capital Advisors LLC acquired a new position in MediaAlpha in the second quarter valued at $111,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of MediaAlpha during the 2nd quarter valued at about $155,000. Janney Montgomery Scott LLC purchased a new position in shares of MediaAlpha during the 2nd quarter worth about $895,000. CWM LLC boosted its position in shares of MediaAlpha by 37.3% in the second quarter. CWM LLC now owns 22,681 shares of the company’s stock worth $248,000 after acquiring an additional 6,158 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of MediaAlpha in the second quarter worth approximately $219,000. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAX. JPMorgan Chase & Co. boosted their price target on MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen raised shares of MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Zacks Research downgraded shares of MediaAlpha from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a research report on Friday, October 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

MediaAlpha Company Profile

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.