Key Points
- MediaAlpha CTO Kuanling Amy Yeh sold 12,000 shares on Feb. 13 at an average price of $7.31 for proceeds of $87,720, leaving her with 381,662 shares (a 3.05% ownership reduction).
- This transaction is part of a recent string of insider sales (totaling 33,000 shares since Dec. 10) at higher prices earlier in the period, showing continued reduction of her stake.
- MAX shares trade around $7.33 with a market cap of about $477.7M, a 12-month range of $7.09–$13.92, and a consensus analyst rating of "Hold" with a $17.25 target.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) General Counsel Jeffrey Coyne sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7.30, for a total value of $36,500.00. Following the completion of the transaction, the general counsel directly owned 436,783 shares in the company, valued at approximately $3,188,515.90. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
MediaAlpha Trading Up 2.2%
MAX stock opened at $7.33 on Wednesday. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $13.92. The company has a market capitalization of $477.70 million, a P/E ratio of -244.25 and a beta of 1.29. The firm has a 50 day simple moving average of $11.10 and a 200-day simple moving average of $11.51.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on MAX shares. The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research report on Friday, October 31st. Wall Street Zen upgraded MediaAlpha from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. Zacks Research lowered MediaAlpha from a "hold" rating to a "strong sell" rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of MediaAlpha in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their target price on MediaAlpha from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, MediaAlpha currently has a consensus rating of "Hold" and a consensus price target of $17.25.
View Our Latest Stock Report on MAX
Institutional Investors Weigh In On MediaAlpha
Several institutional investors and hedge funds have recently bought and sold shares of the business. 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 worth $248,000 after acquiring an additional 6,158 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of MediaAlpha during the 2nd quarter worth approximately $219,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of MediaAlpha by 519.1% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 162,747 shares of the company's stock worth $1,782,000 after purchasing an additional 136,459 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of MediaAlpha by 651.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 149,933 shares of the company's stock worth $1,642,000 after purchasing an additional 129,986 shares during the last quarter. Finally, Corton Capital Inc. boosted its position in MediaAlpha by 8.2% during the 2nd quarter. Corton Capital Inc. now owns 18,865 shares of the company's stock valued at $207,000 after purchasing an additional 1,425 shares during the period. Institutional investors and hedge funds own 64.39% of the company's stock.
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.
Further Reading
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