Key Points
- CTO Kuanling Amy Yeh sold 12,000 shares of MediaAlpha on Dec. 10 at an average price of $13.49 for $161,880, lowering her stake by 2.89% to 402,662 shares (worth about $5.43M); she also sold 3,000 shares on Dec. 12 at $13.16.
- MediaAlpha beat expectations in its most recent quarter with $0.26 EPS (vs. $0.21 expected) and $306.5M revenue (vs. $283.3M), with revenue up 18.3% year-over-year despite a small negative net margin and negative return on equity.
- Analyst sentiment is mostly positive with a MarketBeat consensus of "Moderate Buy" and an average target of $17.25 (several firms raised targets), while institutional investors hold about 64.4% of the stock.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Amy Yeh sold 3,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $13.16, for a total value of $39,480.00. Following the completion of the transaction, the chief technology officer directly owned 399,662 shares in the company, valued at $5,259,551.92. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Kuanling Amy Yeh also recently made the following trade(s):
- On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.49, for a total value of $161,880.00.
MediaAlpha Price Performance
Shares of NYSE:MAX opened at $13.00 on Friday. The business has a 50-day moving average of $12.14 and a two-hundred day moving average of $11.36. The firm has a market capitalization of $847.04 million, a PE ratio of -433.09 and a beta of 1.21. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $13.92.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its 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. The business had revenue of $306.51 million during the quarter, compared to analysts' expectations of $283.30 million. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The company's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. As a group, research analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Intech Investment Management LLC grew its stake in MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company's stock valued at $203,000 after purchasing an additional 1,105 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of MediaAlpha by 2.3% during the second quarter. Hsbc Holdings PLC now owns 51,550 shares of the company's stock worth $561,000 after buying an additional 1,144 shares in the last quarter. Tower Research Capital LLC TRC increased 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 worth $61,000 after buying an additional 1,213 shares during the last quarter. Quarry LP increased its stake in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company's stock worth $47,000 after buying an additional 1,234 shares during the last quarter. Finally, Corton Capital Inc. raised its holdings in MediaAlpha by 8.2% in the second quarter. Corton Capital Inc. now owns 18,865 shares of the company's stock valued at $207,000 after acquiring an additional 1,425 shares in the last quarter. Institutional investors and hedge funds own 64.39% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of MediaAlpha in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on MediaAlpha from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on MediaAlpha from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded MediaAlpha from a "hold" rating to a "strong-buy" rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.25.
Read 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.
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