Key Points
- Eugene Nonko sold 6,700 shares of MediaAlpha on Jan. 5 at an average price of $11.98 for $80,266, and after the sale still directly owns 1,556,120 shares valued at about $18.64 million (a 0.43% ownership decrease).
- He has been selling repeatedly in late December and early January — roughly 67,200 shares sold across multiple transactions, generating about $835,000 in proceeds, signaling notable insider selling activity.
- MediaAlpha shares were trading down 1.8% at the time of the report, with a market cap around $758 million, a negative P/E, and a 12-month range of $7.33 to $13.92.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 6,700 shares of the company's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $11.98, for a total transaction of $80,266.00. Following the completion of the sale, the director directly owned 1,556,120 shares of the company's stock, valued at $18,642,317.60. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Eugene Nonko also recently made the following trade(s):
- On Wednesday, January 7th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total value of $78,122.00.
- On Wednesday, January 7th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.67, for a total value of $63,018.00.
- On Monday, January 5th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.99, for a total value of $64,746.00.
- On Wednesday, December 31st, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.93, for a total value of $86,631.00.
- On Wednesday, December 31st, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.93, for a total transaction of $69,822.00.
- On Monday, December 29th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.65, for a total transaction of $84,755.00.
- On Monday, December 29th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total transaction of $68,310.00.
- On Wednesday, December 24th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $84,889.00.
- On Wednesday, December 24th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $68,418.00.
- On Monday, December 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.91, for a total value of $86,497.00.
MediaAlpha Trading Down 1.8%
NYSE MAX opened at $11.63 on Thursday. The stock has a market capitalization of $758.12 million, a price-to-earnings ratio of -387.64 and a beta of 1.21. The business's 50 day moving average is $12.70 and its two-hundred day moving average is $11.61. 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 posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate 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 business had revenue of $306.51 million during the quarter, compared to analysts' expectations of $283.30 million. During the same period last year, the firm earned $0.17 EPS. The company's quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
MAX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. Zacks Research downgraded shares of MediaAlpha from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a research note on Friday, October 31st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of MediaAlpha in a research note on Monday, December 29th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $15.00 price objective on shares of MediaAlpha in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MediaAlpha has an average rating of "Moderate Buy" and a consensus target price of $17.25.
Check Out Our Latest Stock Report on MAX
Hedge Funds Weigh In On MediaAlpha
Institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC boosted its stake in shares of MediaAlpha by 6.4% during the second quarter. Intech Investment Management LLC now owns 18,502 shares of the company's stock valued at $203,000 after acquiring an additional 1,105 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in MediaAlpha by 2.3% in the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company's stock valued at $561,000 after purchasing an additional 1,144 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock valued at $61,000 after purchasing an additional 1,213 shares in the last quarter. Quarry LP boosted its stake in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company's stock worth $47,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Corton Capital Inc. raised its position in shares of 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 buying an additional 1,425 shares during the last quarter. 64.39% of the stock is owned by institutional investors and hedge funds.
MediaAlpha Company Profile
(
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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