Key Points
- Steven Yi, a MediaAlpha insider, has been selling shares repeatedly since February — including 4,000 shares on March 18 at $9.59 and a 39,252-share block on March 2 — although he still directly owns about 3,055,247 shares.
- MediaAlpha reported an EPS beat ($0.50 vs. $0.25 expected) while revenue fell 3.2% and missed estimates, and several analysts have cut targets even as the consensus rating remains a Moderate Buy with a $14.58 target.
- Shares were trading at $9.73 (up 0.6%), with a market cap of roughly $627 million, a P/E of about 24.9, and a 52-week range of $7.09–$13.92.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 4,000 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $9.59, for a total transaction of $38,360.00. Following the completion of the transaction, the insider directly owned 3,055,247 shares in the company, valued at $29,299,818.73. This trade represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Steven Yi also recently made the following trade(s):
- On Tuesday, March 17th, Steven Yi sold 5,227 shares of MediaAlpha stock. The shares were sold at an average price of $9.94, for a total transaction of $51,956.38.
- On Monday, March 16th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00.
- On Tuesday, March 10th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.75, for a total transaction of $39,000.00.
- 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 transaction 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 stock was 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 value 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 value of $31,000.00.
- 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 value 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 value of $28,640.00.
MediaAlpha Trading Up 0.6%
MediaAlpha stock traded up $0.06 during trading on Thursday, hitting $9.73. 44,584 shares of the company were exchanged, compared to its average volume of 879,719. The company has a market capitalization of $627.39 million, a P/E ratio of 24.94 and a beta of 1.30. The business's 50 day moving average is $9.74 and its 200 day moving average is $11.37. 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 issued its quarterly earnings data 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 business 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 business's revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Equities analysts expect that MediaAlpha, Inc. will post 0.48 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of MediaAlpha from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Tuesday, February 24th. Royal Bank Of Canada dropped their target price on shares of MediaAlpha from $18.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 24th. Zacks Research upgraded MediaAlpha from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. Keefe, Bruyette & Woods reduced their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. decreased their price target on MediaAlpha from $15.00 to $11.00 and set an "overweight" rating for the company in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.58.
View Our Latest Analysis on MAX
Institutional Investors Weigh In On MediaAlpha
Hedge funds have recently modified their holdings of the stock. Divisadero Street Capital Management LP bought a new position in MediaAlpha during the second quarter valued at $952,000. JPMorgan Chase & Co. raised its stake in shares of MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company's stock valued at $12,045,000 after buying an additional 516,195 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in shares of MediaAlpha by 21.1% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 26,254 shares of the company's stock valued at $287,000 after buying an additional 4,583 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of MediaAlpha by 106.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,617 shares of the company's stock valued at $379,000 after buying an additional 17,868 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of MediaAlpha by 67.4% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 359,200 shares of the company's stock worth $3,933,000 after acquiring an additional 144,600 shares during the period. Institutional investors 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.
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