Key Points
- CTO Kuanling Amy Yeh sold 3,000 shares on March 6 at $10.34 for $31,020, leaving her with 393,979 shares worth about $4.07M (a 0.76% ownership decline); this follows several recent insider sales, including 12,000 shares on Feb. 13 at $7.31 and other tranches in January–December.
- MediaAlpha stock slid ~2.6% to $10.09 on the day amid heavy trading; the company reported an EPS beat ($0.50 vs. $0.25) but revenue slightly missed expectations and was down 3.2% YoY, while analysts maintain a "Moderate Buy" consensus with a $14.58 average target amid several lowered price targets.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Amy Yeh sold 3,000 shares of the business's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $10.34, for a total transaction of $31,020.00. Following the sale, the chief technology officer owned 393,979 shares of the company's stock, valued at approximately $4,073,742.86. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, February 13th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.31, for a total value of $87,720.00.
- On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.48, for a total value of $34,440.00.
- 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 Stock Down 2.6%
Shares of MediaAlpha stock traded down $0.27 during trading hours on Friday, reaching $10.09. 636,760 shares of the stock traded hands, compared to its average volume of 1,280,804. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $13.92. The firm has a market capitalization of $650.81 million, a price-to-earnings ratio of 25.87 and a beta of 1.30. The company has a 50 day moving average price of $10.16 and a 200 day moving average price of $11.39.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.25. The firm had revenue of $291.16 million for the quarter, compared to analysts' expectations of $296.42 million. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. Sell-side analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on MAX. Wall Street Zen raised shares of MediaAlpha from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Weiss Ratings raised MediaAlpha from a "sell (d)" rating to a "hold (c-)" rating in a report on Wednesday, February 25th. Keefe, Bruyette & Woods lowered their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 24th. The Goldman Sachs Group reduced their price target on MediaAlpha from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada decreased their price objective on MediaAlpha from $18.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.58.
View Our Latest Report on MediaAlpha
Hedge Funds Weigh In On MediaAlpha
Several large investors have recently made changes to their positions in MAX. Caitong International Asset Management Co. Ltd boosted its stake in shares of MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company's stock worth $28,000 after acquiring an additional 2,124 shares during the period. Strs Ohio bought a new stake in MediaAlpha during the 4th quarter valued at approximately $49,000. Quarry LP lifted its holdings in MediaAlpha by 43.3% in 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock worth $61,000 after purchasing an additional 1,213 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of MediaAlpha during the second quarter valued at approximately $62,000. 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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