Key Points
- Insider sales: MediaAlpha insider Steven Yi sold multiple 8,000-share blocks this month — including 8,000 shares on Nov 24 at an average of $11.88 (proceeds $95,040) — leaving him with 2,967,330 shares, a 0.27% reduction in his stake.
- Recent results: MediaAlpha reported Q3 EPS of $0.26 vs. $0.21 consensus and revenue of $306.5M, up 18.3% year-over-year, despite negative net margin and return on equity metrics.
- Analyst outlook: Analysts are mostly bullish (five Buys, one Hold, one Sell) with an average price target of $17.25, while the stock traded around $12.74 (market cap ~$830M) during the mid-day update.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 8,000 shares of the business's stock in a transaction on Monday, November 24th. The shares were sold at an average price of $11.88, for a total transaction of $95,040.00. Following the completion of the transaction, the insider owned 2,967,330 shares of the company's stock, valued at approximately $35,251,880.40. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Steven Yi also recently made the following trade(s):
- On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total value of $99,840.00.
- On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.72, for a total transaction of $93,760.00.
- On Monday, November 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.31, for a total value of $98,480.00.
MediaAlpha Stock Up 2.0%
Shares of MediaAlpha stock traded up $0.25 during mid-day trading on Thursday, reaching $12.74. 647,727 shares of the stock traded hands, compared to its average volume of 713,866. The stock has a market capitalization of $829.94 million, a PE ratio of -424.36 and a beta of 1.21. The business has a 50-day moving average of $11.87 and a 200 day moving average of $11.13. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.85.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The firm had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. During the same period in the previous year, the company posted $0.17 earnings per share. The business's revenue was up 18.3% on a year-over-year basis. MediaAlpha has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MAX. Jacobs Levy Equity Management Inc. grew its stake in MediaAlpha by 19.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 560,765 shares of the company's stock worth $6,382,000 after purchasing an additional 91,204 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of MediaAlpha in the 3rd quarter valued at about $279,000. Virtus Advisers LLC grew its position in shares of MediaAlpha by 316.6% during the third quarter. Virtus Advisers LLC now owns 18,711 shares of the company's stock worth $213,000 after buying an additional 14,220 shares in the last quarter. Voleon Capital Management LP increased its stake in shares of MediaAlpha by 77.8% during the third quarter. Voleon Capital Management LP now owns 32,090 shares of the company's stock worth $365,000 after buying an additional 14,042 shares during the period. Finally, Quarry LP raised its holdings in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company's stock valued at $47,000 after acquiring an additional 1,234 shares in the last quarter. Hedge funds and other institutional investors own 64.39% of the company's stock.
Analyst Upgrades and Downgrades
MAX has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their target price on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a research report on Friday, October 31st. Wall Street Zen upgraded MediaAlpha from a "hold" rating to a "strong-buy" rating in a report on Saturday, November 1st. JPMorgan Chase & Co. upped their price target on MediaAlpha from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $15.00 price objective on shares of MediaAlpha in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.25.
Get Our Latest Research Report on MAX
About MediaAlpha
(
Get Free Report)
MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.
Further Reading
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