Key Points
- Steven Yi, a MediaAlpha insider, sold 4,000 shares on March 10 at $9.75 for $39,000 — part of a recent string of sales (including a 39,252-share block on March 2) that reduced his position to 2,623,974 shares.
- MediaAlpha beat EPS expectations (Q: $0.50 vs. $0.25 expected) but missed revenue estimates with revenue down 3.2% YoY; the stock trades near $9.85, has a market cap of about $635M, and carries a consensus rating of Moderate Buy with a $14.58 target.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 4,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $9.75, for a total value of $39,000.00. Following the sale, the insider directly owned 2,623,974 shares in the company, valued at $25,583,746.50. This trade represents a 0.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Steven Yi also recently made the following trade(s):
- On Monday, March 9th, Steven Yi sold 5,650 shares of MediaAlpha stock. The shares were sold at an average price of $9.86, for a total value of $55,709.00.
- On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.03, for a total value of $80,240.00.
- On Monday, March 2nd, Steven Yi sold 39,252 shares of MediaAlpha stock. The shares were sold at an average price of $9.99, for a total value of $392,127.48.
- On Wednesday, February 25th, Steven Yi sold 12,748 shares of MediaAlpha stock. The stock was sold at an average price of $9.69, for a total transaction of $123,528.12.
- On Monday, February 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.75, for a total transaction of $31,000.00.
- On Thursday, February 19th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.29, for a total transaction of $29,160.00.
- On Tuesday, February 17th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.16, for a total transaction of $28,640.00.
- 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 transaction of $31,960.00.
- On Monday, February 9th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.74, for a total transaction 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.
MediaAlpha Stock Performance
MediaAlpha stock traded down $0.02 during midday trading on Thursday, hitting $9.85. 152,814 shares of the company's stock were exchanged, compared to its average volume of 909,055. The company has a market cap of $635.29 million, a P/E ratio of 25.26 and a beta of 1.30. The stock has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $11.39. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $13.92.
MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, beating 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 negative return on equity of 132.73% and a net margin of 2.30%.The company's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. As a group, sell-side analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on MAX. Royal Bank Of Canada dropped their target price on shares of MediaAlpha from $18.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. Wall Street Zen raised shares of MediaAlpha from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 11th. Zacks Research upgraded shares of MediaAlpha from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price objective on shares of MediaAlpha from $15.00 to $11.00 and set an "overweight" rating for the company in a report on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods cut their target price on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.58.
Get Our Latest Analysis on MAX
Institutional Investors Weigh In On MediaAlpha
Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of MediaAlpha by 5,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company's stock valued at $28,000 after purchasing an additional 2,124 shares in the last quarter. Quarry LP grew its holdings in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company's stock valued at $47,000 after purchasing an additional 1,234 shares during the last quarter. Strs Ohio purchased a new position in MediaAlpha in the 4th quarter worth $49,000. Tower Research Capital LLC TRC raised its position 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 MediaAlpha in the second quarter worth $62,000. 64.39% of the stock is currently owned by institutional investors.
About MediaAlpha
(
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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