Key Points
- Steven Yi, a MediaAlpha insider, sold 8,000 shares in multiple transactions between Dec. 10 and Jan. 14 (11 trades totaling 88,000 shares), generating roughly $1.10 million in proceeds and modestly reducing his stake to 2,799,330 shares.
- Despite the insider sales, MediaAlpha recently beat quarterly EPS and revenue expectations with revenue up 18.3% year-over-year, and analysts maintain a consensus “Moderate Buy” rating with a $17.25 average price target.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 8,000 shares of the firm's stock in a transaction on Monday, January 12th. The stock was sold at an average price of $11.51, for a total transaction of $92,080.00. Following the completion of the sale, the insider owned 2,799,330 shares in the company, valued at $32,220,288.30. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Steven Yi also recently made the following trade(s):
- On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00.
- On Wednesday, January 7th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.66, for a total value of $93,280.00.
- On Monday, January 5th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.98, for a total value of $95,840.00.
- On Wednesday, December 31st, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.94, for a total value of $103,520.00.
- On Monday, December 29th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.65, for a total value of $101,200.00.
- On Wednesday, December 24th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.67, for a total transaction of $101,360.00.
- On Monday, December 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.86, for a total transaction of $102,880.00.
- On Wednesday, December 17th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total transaction of $102,560.00.
- 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 value of $108,000.00.
MediaAlpha Trading Down 1.8%
Shares of MAX opened at $11.39 on Thursday. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $13.92. The stock has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $11.64. The stock has a market cap of $742.22 million, a PE ratio of -379.51 and a beta of 1.21.
MediaAlpha (NYSE:MAX - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $283.30 million. During the same quarter in the previous year, the firm earned $0.17 EPS. MediaAlpha's quarterly revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Pallas Capital Advisors LLC bought a new stake in shares of MediaAlpha during the second quarter worth $111,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of MediaAlpha in the 2nd quarter valued at about $155,000. Janney Montgomery Scott LLC bought a new stake in shares of MediaAlpha during the second quarter worth approximately $895,000. CWM LLC lifted its holdings in MediaAlpha by 37.3% in the second quarter. CWM LLC now owns 22,681 shares of the company's stock valued at $248,000 after buying an additional 6,158 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in MediaAlpha in the second quarter valued at approximately $219,000. 64.39% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on MAX shares. Zacks Research lowered shares of MediaAlpha from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. Canaccord Genuity Group reissued a "buy" rating and issued a $15.00 target price on shares of MediaAlpha in a report on Thursday, October 30th. Weiss Ratings restated a "sell (d)" rating on shares of MediaAlpha in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted 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. Finally, 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. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MediaAlpha currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.
Get Our Latest Analysis on MediaAlpha
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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