MediaAlpha, Inc. (NYSE:MAX – Get Free Report) CTO Kuanling Amy Yeh sold 3,000 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $11.16, for a total value of $33,480.00. Following the transaction, the chief technology officer owned 566,985 shares in the company, valued at $6,327,552.60. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 5th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.89, for a total value of $26,670.00.
- On Friday, May 15th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.05, for a total value of $96,600.00.
- On Friday, April 10th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.25, for a total value of $27,750.00.
MediaAlpha Trading Up 8.1%
MAX traded up $0.90 during mid-day trading on Friday, hitting $11.90. 1,396,914 shares of the stock were exchanged, compared to its average volume of 728,413. The firm’s fifty day moving average is $9.30 and its two-hundred day moving average is $10.03. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $13.92. The company has a market cap of $741.72 million, a PE ratio of 18.59 and a beta of 1.16.
Analyst Upgrades and Downgrades
MAX has been the topic of several recent research reports. TD Cowen cut their target price on shares of MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday. Wall Street Zen cut shares of MediaAlpha from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of MediaAlpha from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Texas Capital raised MediaAlpha to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Capital One Financial set a $11.00 price objective on MediaAlpha in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.36.
Check Out Our Latest Research Report on MAX
Hedge Funds Weigh In On MediaAlpha
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company’s stock valued at $12,045,000 after purchasing an additional 516,195 shares during the last quarter. Triad Investment Management acquired a new stake in MediaAlpha during the fourth quarter worth approximately $3,567,000. Globeflex Capital L P purchased a new stake in shares of MediaAlpha during the 4th quarter worth approximately $1,039,000. Moran Wealth Management LLC acquired a new position in shares of MediaAlpha in the 4th quarter valued at $165,000. Finally, CWM LLC boosted its holdings in shares of MediaAlpha by 10.1% in the 4th quarter. CWM LLC now owns 42,278 shares of the company’s stock valued at $548,000 after buying an additional 3,895 shares in the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.
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.
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