Key Points
- Steven Yi sold 8,000 shares on Dec. 8 at $13.07 for $104,560 and has made eight separate 8,000-share sales from Nov. 17–Dec. 10, totaling 64,000 shares, leaving him with 2,919,330 shares (≈$38.16M).
- MediaAlpha recently beat estimates with Q3 revenue of $306.5M and EPS of $0.26 (revenue +18.3% YoY) but still shows a negative net margin and ROE; the stock has a market cap of ~$870M and an average analyst target of $17.25 (Moderate Buy).
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 8,000 shares of the firm's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $13.07, for a total value of $104,560.00. Following the completion of the transaction, the insider owned 2,919,330 shares in the company, valued at $38,155,643.10. The trade was a 0.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Steven Yi also recently made the following trade(s):
- On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.50, for a total transaction of $108,000.00.
- On Wednesday, December 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.37, for a total transaction of $106,960.00.
- On Monday, December 1st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.60, for a total transaction of $100,800.00.
- 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 transaction of $99,840.00.
- On Monday, November 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.88, for a total transaction of $95,040.00.
- On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.72, for a total value of $93,760.00.
- On Monday, November 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.31, for a total value of $98,480.00.
MediaAlpha Stock Performance
NYSE:MAX opened at $13.36 on Thursday. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $13.92. The stock has a market cap of $870.35 million, a PE ratio of -442.52 and a beta of 1.21. The stock has a 50 day moving average price of $12.06 and a 200 day moving average price of $11.33.
MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. The company had revenue of $306.51 million for the quarter, compared to analyst estimates of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.
Institutional Trading of MediaAlpha
Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company's stock worth $47,000 after purchasing an additional 1,234 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock valued at $61,000 after buying an additional 1,213 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of MediaAlpha in the 2nd quarter valued at $62,000. Semanteon Capital Management LP acquired a new position in MediaAlpha during the 2nd quarter worth about $110,000. Finally, Pallas Capital Advisors LLC purchased a new position in MediaAlpha during the 2nd quarter valued at about $111,000. Institutional investors and hedge funds own 64.39% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on MAX. Weiss Ratings reissued a "sell (d)" rating on shares of MediaAlpha in a research report on Monday. Keefe, Bruyette & Woods boosted their target price on shares of MediaAlpha from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Thursday, October 30th. Wall Street Zen raised shares of MediaAlpha from a "hold" rating to a "strong-buy" rating in a research note on Saturday, November 1st. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of MediaAlpha from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.25.
Read Our Latest Stock Report on MediaAlpha
MediaAlpha Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
