Key Points
- Steven Yi, a MediaAlpha insider, sold a total of 68,000 shares in multiple transactions between Jan. 14 and Feb. 19 (including a 4,000-share sale on Feb. 17 at $7.16), leaving him with 2,717,624 shares (about a 0.15% reduction in his position).
- MediaAlpha shares trade near $7.91 (up 3.1%)—well below the 50- and 200-day moving averages (~$10.88 and $11.45)—and analysts are mixed with a consensus "Hold" and a target price of $17.25, while institutional investors own roughly 64.4% of the stock.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 4,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $7.16, for a total transaction of $28,640.00. Following the transaction, the insider owned 2,717,624 shares of the company's stock, valued at $19,458,187.84. The trade was a 0.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Steven Yi also recently made the following trade(s):
- On Thursday, February 19th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.29, for a total transaction of $29,160.00.
- On Wednesday, February 11th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.99, for a total value of $31,960.00.
- On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.74, for a total value of $34,960.00.
- On Wednesday, February 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.94, for a total value of $35,760.00.
- On Monday, February 2nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.32, for a total transaction of $82,560.00.
- On Wednesday, January 28th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.57, for a total transaction of $84,560.00.
- On Monday, January 26th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.89, for a total transaction of $87,120.00.
- On Thursday, January 22nd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total transaction of $89,600.00.
- On Tuesday, January 20th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total value of $89,600.00.
- On Wednesday, January 14th, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.69, for a total value of $93,520.00.
MediaAlpha Trading Up 3.1%
NYSE:MAX traded up $0.24 on Friday, hitting $7.91. The company's stock had a trading volume of 368,691 shares, compared to its average volume of 738,480. The firm has a market capitalization of $515.43 million, a P/E ratio of -262.91 and a beta of 1.29. The stock has a fifty day moving average of $10.88 and a two-hundred day moving average of $11.45. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $13.92.
Analyst Ratings Changes
MAX has been the topic of several recent research reports. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group set a $13.50 price objective on shares of MediaAlpha in a research note on Friday, October 31st. Wall Street Zen raised MediaAlpha from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Zacks Research downgraded shares of MediaAlpha from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of MediaAlpha in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, MediaAlpha presently has an average rating of "Hold" and a consensus target price of $17.25.
Check Out Our Latest Report on MediaAlpha
Hedge Funds Weigh In On MediaAlpha
Large investors have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in MediaAlpha by 32.1% during the fourth quarter. Invesco Ltd. now owns 26,024 shares of the company's stock valued at $337,000 after buying an additional 6,319 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in MediaAlpha by 32.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,960 shares of the company's stock valued at $220,000 after acquiring an additional 4,120 shares during the period. State of Tennessee Department of Treasury purchased a new stake in shares of MediaAlpha in the 4th quarter worth $167,000. Mackenzie Financial Corp boosted its position in MediaAlpha by 184.3% during the 4th quarter. Mackenzie Financial Corp now owns 42,975 shares of the company's stock valued at $559,000 after acquiring an additional 27,858 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of MediaAlpha by 212.0% in the 4th quarter. XTX Topco Ltd now owns 90,702 shares of the company's stock valued at $1,175,000 after buying an additional 61,628 shares in the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.
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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