Key Points
- Kuanling Amy Yeh, MediaAlpha's CTO, sold 3,000 shares on Jan. 16 at an average price of $11.48 for $34,440, leaving her with 393,662 shares (a 0.76% reduction); she has sold a total of 21,000 shares in four transactions since Dec. 10 at prices between $11.48 and $13.49.
- MediaAlpha posted a quarterly beat, reporting $0.26 EPS versus $0.21 expected and revenue of $306.51 million, up 18.3% year-over-year.
- The stock has a market cap of $745.15 million, a 1‑year trading range of $7.33–$13.92, and a consensus analyst rating of "Moderate Buy" with a $17.25 price target.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Amy Yeh sold 3,000 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $11.48, for a total transaction of $34,440.00. Following the completion of the sale, the chief technology officer owned 393,662 shares of the company's stock, valued at approximately $4,519,239.76. The trade was a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.95, for a total value of $38,850.00.
- 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 value 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 value of $161,880.00.
MediaAlpha Trading Down 1.3%
MAX opened at $11.43 on Friday. The stock has a market cap of $745.15 million, a PE ratio of -381.01 and a beta of 1.21. MediaAlpha, Inc. has a 1 year low of $7.33 and a 1 year high of $13.92. The stock's 50 day simple moving average is $12.51 and its 200-day simple moving average is $11.64.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $0.26 EPS for the quarter, topping 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 firm had revenue of $306.51 million during the quarter, compared to analysts' expectations of $283.30 million. During the same period last year, the business earned $0.17 earnings per share. MediaAlpha'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.
Hedge Funds Weigh In On MediaAlpha
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAX. Millennium Management LLC grew its stake in MediaAlpha by 680.9% during the third quarter. Millennium Management LLC now owns 1,429,556 shares of the company's stock worth $16,268,000 after buying an additional 1,246,493 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of MediaAlpha by 95.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company's stock worth $12,045,000 after acquiring an additional 516,195 shares in the last quarter. Shay Capital LLC grew its position in MediaAlpha by 17.9% during the 3rd quarter. Shay Capital LLC now owns 790,100 shares of the company's stock worth $8,991,000 after acquiring an additional 120,100 shares during the last quarter. Geode Capital Management LLC grew its position in MediaAlpha by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 764,702 shares of the company's stock worth $8,375,000 after acquiring an additional 36,949 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in MediaAlpha by 1,261.9% during the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company's stock valued at $8,089,000 after purchasing an additional 658,625 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently weighed in on MAX. Canaccord Genuity Group reiterated a "buy" rating and set a $15.00 target price on shares of MediaAlpha in a research report on Thursday, October 30th. The Goldman Sachs Group set a $13.50 price target on shares of MediaAlpha in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on MediaAlpha from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Thursday, October 30th. Wall Street Zen raised MediaAlpha from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 11th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of MediaAlpha in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.
Check Out Our Latest Report 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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