Key Points
- Steven Yi, a MediaAlpha insider, sold 4,000 shares on March 25 at an average price of $9.42 (proceeds $37,680) and has executed multiple sales throughout March — including a 39,252-share sale on March 2 — leaving him with 3,043,247 shares (a 0.13% reduction).
- MediaAlpha reported Q results that beat EPS expectations ($0.50 vs. $0.25) but saw revenue decline 3.2% year-over-year, and analysts have mixed views with several price-target cuts; the consensus rating is "Moderate Buy" with a $14.58 target.
- The stock is trading near $9.48 (50-day MA $9.54, 200-day MA $11.31), has a market cap of about $611 million, a P/E of 24.3, and a 1-year range of $7.09–$13.92.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $9.42, for a total transaction of $37,680.00. Following the completion of the transaction, the insider directly owned 3,043,247 shares of the company's stock, valued at approximately $28,667,386.74. This represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Steven Yi also recently made the following trade(s):
- On Monday, March 23rd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.67, for a total transaction of $38,680.00.
- On Wednesday, March 18th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.59, for a total transaction of $38,360.00.
- On Tuesday, March 17th, Steven Yi sold 5,227 shares of MediaAlpha stock. The stock was 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 shares were sold at an average price of $9.75, for a total value 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 value of $55,709.00.
- On Tuesday, March 3rd, Steven Yi sold 8,000 shares of MediaAlpha stock. The stock was 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 shares were 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.
MediaAlpha Trading Up 0.1%
Shares of NYSE MAX opened at $9.48 on Thursday. The stock's 50-day moving average is $9.54 and its 200 day moving average is $11.31. The stock has a market cap of $611.33 million, a price-to-earnings ratio of 24.30 and a beta of 1.30. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $13.92.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its earnings results on Monday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.25. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.The business had revenue of $291.16 million during the quarter, compared to analyst estimates of $296.42 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. MediaAlpha's revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
MAX has been the topic of several recent research reports. The Goldman Sachs Group reduced their target price 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. Keefe, Bruyette & Woods lowered their price target on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. Wall Street Zen raised MediaAlpha from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. JPMorgan Chase & Co. decreased their price objective on MediaAlpha from $15.00 to $11.00 and set an "overweight" rating on the stock in a report on Tuesday, February 24th. Finally, Zacks Research raised MediaAlpha from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. One 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $14.58.
Read Our Latest Stock Report on MAX
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC increased its stake in shares of MediaAlpha by 6.4% in the second quarter. Intech Investment Management LLC now owns 18,502 shares of the company's stock worth $203,000 after buying an additional 1,105 shares during the period. Hsbc Holdings PLC boosted its position in MediaAlpha by 2.3% during the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company's stock valued at $561,000 after buying an additional 1,144 shares during the period. Tower Research Capital LLC TRC grew its holdings 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 acquiring an additional 1,213 shares during the last quarter. Quarry LP increased its position in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company's stock valued at $47,000 after acquiring an additional 1,234 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of MediaAlpha by 13.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company's stock worth $140,000 after purchasing an additional 1,510 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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