Key Points
- Steven Yi sold 8,000 shares on Dec. 17 at an average price of $12.82 for $102,560, part of a recent string of ten 8,000-share sales since Nov. 17 that total 80,000 shares and approximately $1,013,040.
- Following the Dec. 17 transaction he still directly owns 2,879,330 shares (a 0.28% decrease in his position) valued at about $36.9 million.
- MediaAlpha (MAX) traded at $12.92 (up 1.6%) with a market cap around $842 million, and analysts have an average price target of $17.25 (consensus rating: "Moderate Buy"), implying potential upside.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $12.82, for a total value of $102,560.00. Following the completion of the sale, the insider directly owned 2,879,330 shares of the company's stock, valued at approximately $36,913,010.60. This represents a 0.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Steven Yi also recently made the following trade(s):
- On Monday, December 15th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.88, for a total transaction of $103,040.00.
- On Wednesday, December 10th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.50, for a total transaction of $108,000.00.
- On Monday, December 8th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.07, for a total transaction of $104,560.00.
- 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 value 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 value of $100,800.00.
- On Wednesday, November 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total value 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 value 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 transaction 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 transaction of $98,480.00.
MediaAlpha Trading Up 1.6%
Shares of MAX stock traded up $0.21 during mid-day trading on Thursday, reaching $12.92. The stock had a trading volume of 69,499 shares, compared to its average volume of 526,090. The firm has a market capitalization of $841.93 million, a PE ratio of -429.02 and a beta of 1.21. The stock's 50-day moving average price is $12.24 and its two-hundred day moving average price is $11.42. MediaAlpha, Inc. has a 52-week low of $7.33 and a 52-week high of $13.92.
MediaAlpha (NYSE:MAX - Get Free Report) last posted its earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $306.51 million for 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%.MediaAlpha's quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. On average, equities research analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.
Hedge Funds Weigh In On MediaAlpha
Institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG increased its position in MediaAlpha by 80.6% during the 1st quarter. Deutsche Bank AG now owns 180,691 shares of the company's stock valued at $1,670,000 after buying an additional 80,620 shares in the last quarter. Swiss National Bank increased its holdings in shares of MediaAlpha by 8.3% during the first quarter. Swiss National Bank now owns 69,400 shares of the company's stock valued at $641,000 after acquiring an additional 5,300 shares in the last quarter. Nuveen LLC purchased a new position in shares of MediaAlpha in the 1st quarter worth about $4,675,000. Algert Global LLC raised its position in shares of MediaAlpha by 65.0% in the 1st quarter. Algert Global LLC now owns 225,300 shares of the company's stock worth $2,082,000 after purchasing an additional 88,791 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in MediaAlpha by 21.7% in the 1st quarter. Hsbc Holdings PLC now owns 50,406 shares of the company's stock worth $472,000 after purchasing an additional 8,981 shares in the last quarter. Institutional investors own 64.39% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently commented on MAX. Weiss Ratings restated a "sell (d)" rating on shares of MediaAlpha in a report on Monday. Canaccord Genuity Group restated a "buy" rating and issued a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised their price objective on shares of MediaAlpha from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Thursday, October 30th. 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 given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.25.
View Our Latest Stock Analysis 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.
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