MediaAlpha, Inc. (NYSE:MAX – Get Free Report) insider Steven Yi sold 2,033 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $11.01, for a total value of $22,383.33. Following the completion of the transaction, the insider directly owned 2,313,707 shares of the company’s stock, valued at approximately $25,473,914.07. The trade was a 0.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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.
Steven Yi also recently made the following trade(s):
- On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $240,960.00.
- On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.38, for a total transaction of $594,240.00.
- On Monday, August 3rd, Steven Yi sold 72,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.64, for a total transaction of $910,080.00.
MediaAlpha Stock Down 5.3%
Shares of MAX opened at $10.12 on Friday. The firm has a market capitalization of $619.64 million, a PE ratio of 6.24 and a beta of 1.14. The firm has a 50-day moving average price of $11.59 and a 200 day moving average price of $10.87. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $14.70.
Hedge Funds Weigh In On MediaAlpha
A number of institutional investors have recently bought and sold shares of the stock. Clearline Capital LP raised its holdings in MediaAlpha by 0.8% during the 4th quarter. Clearline Capital LP now owns 1,301,453 shares of the company’s stock worth $16,854,000 after buying an additional 10,604 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of MediaAlpha by 24.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company’s stock worth $9,876,000 after buying an additional 206,077 shares during the period. Jacobs Asset Management LLC increased its position in shares of MediaAlpha by 31.1% in 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of MediaAlpha by 94.1% in the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company’s stock worth $5,773,000 after acquiring an additional 300,871 shares in the last quarter. Finally, Triad Investment Management raised its holdings in shares of MediaAlpha by 10.4% during the second quarter. Triad Investment Management now owns 368,731 shares of the company’s stock valued at $4,635,000 after acquiring an additional 34,867 shares during the period. Hedge funds and other institutional investors own 64.39% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on MAX shares. Canaccord Genuity Group upped their target price on MediaAlpha from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. TD Cowen lowered their price target on MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Tuesday, June 23rd. Wall Street Zen raised MediaAlpha from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods upped their price objective on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. started coverage on MediaAlpha in a research note on Monday, August 24th. They set a “neutral” rating and a $15.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.29.
Check Out 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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