Key Points
- CTO Kuanling Amy Yeh sold 3,000 MediaAlpha shares on Jan. 2 at $12.95 for $38,850, trimming her stake to 396,662 shares (a 0.75% reduction); she also sold 3,000 on Dec. 12 and 12,000 on Dec. 10.
- MediaAlpha is trading down 7.6% with shares opening at $11.97, a market cap of about $780M and a 1‑year range of $7.33–$13.92; the company recently beat quarterly EPS and revenue estimates (EPS $0.26 vs $0.21; revenue +18.3%), and analysts hold a "Moderate Buy" consensus with a $17.25 target.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Amy Yeh sold 3,000 shares of the company's stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $12.95, for a total transaction of $38,850.00. Following the sale, the chief technology officer directly owned 396,662 shares of the company's stock, valued at $5,136,772.90. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, December 12th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.16, for a total transaction of $39,480.00.
- On Wednesday, December 10th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.49, for a total transaction of $161,880.00.
MediaAlpha Trading Down 7.6%
NYSE MAX opened at $11.97 on Friday. The firm's 50 day simple moving average is $12.68 and its 200 day simple moving average is $11.58. The firm has a market capitalization of $779.89 million, a price-to-earnings ratio of -398.77 and a beta of 1.21. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year 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 for the quarter, beating 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 the consensus estimate of $283.30 million. During the same quarter last year, the business posted $0.17 EPS. The company's revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.
Institutional Trading of MediaAlpha
A number of hedge funds and other institutional investors have recently made changes to their positions in MAX. Quarry LP grew its holdings in MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company's stock valued at $47,000 after buying an additional 1,234 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock worth $61,000 after acquiring an additional 1,213 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of MediaAlpha in the 2nd quarter worth about $62,000. Semanteon Capital Management LP bought a new position in MediaAlpha during the second quarter valued at approximately $110,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of MediaAlpha during the 2nd quarter valued at $111,000. 64.39% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MAX has been the topic of a number of recent research reports. Zacks Research lowered MediaAlpha from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on MediaAlpha from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 target price on MediaAlpha in a research note on Friday, October 31st. Canaccord Genuity Group reiterated a "buy" rating and set a $15.00 price target on shares of MediaAlpha in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of MediaAlpha in a research report on Monday. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.25.
Read Our Latest Stock Report on MAX
About MediaAlpha
(
Get Free Report)
MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company's platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.
The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.
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