Key Points
- CTO Kuanling Amy Yeh sold 3,000 shares on March 27 at $9.44 for $28,320, leaving her with 577,879 shares (a 0.52% ownership decrease), and this sale continues a pattern of insider selling totaling about 24,000 shares since January.
- MediaAlpha shares opened at $9.08 (down 5.3%), and while the company reported an EPS beat ($0.50 vs. $0.25), revenue missed expectations and ROE is deeply negative; several brokers cut price targets even as the consensus rating remains a "Moderate Buy" with an average target of $14.58.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Amy Yeh sold 3,000 shares of the stock in a transaction on Friday, March 27th. The shares were sold at an average price of $9.44, for a total value of $28,320.00. Following the sale, the chief technology officer directly owned 577,879 shares in the company, valued at $5,455,177.76. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, March 6th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.34, for a total value of $31,020.00.
- On Friday, February 13th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $7.31, for a total transaction of $87,720.00.
- On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total transaction 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 transaction of $38,850.00.
MediaAlpha Stock Down 5.3%
MAX opened at $9.08 on Friday. The firm has a 50 day moving average price of $9.46 and a 200-day moving average price of $11.25. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $13.92. The stock has a market capitalization of $585.72 million, a price-to-earnings ratio of 23.29 and a beta of 1.30.
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 net margin of 2.30% and a negative return on equity of 132.73%. The company had revenue of $291.16 million for the quarter, compared to analysts' expectations of $296.42 million. During the same quarter last year, the company posted $0.08 earnings per share. The firm's quarterly revenue was down 3.2% on a year-over-year basis. As a group, analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on MAX. Royal Bank Of Canada cut their price objective on MediaAlpha from $18.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their target price on MediaAlpha from $15.00 to $11.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods cut their price target on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. Weiss Ratings raised shares of MediaAlpha from a "sell (d)" rating to a "hold (c-)" rating in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of MediaAlpha from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.58.
Read Our Latest Research Report on MediaAlpha
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in MAX. Intech Investment Management LLC lifted its position in shares of MediaAlpha by 6.4% during the 2nd quarter. Intech Investment Management LLC now owns 18,502 shares of the company's stock valued at $203,000 after buying an additional 1,105 shares in the last quarter. Hsbc Holdings PLC raised its stake in MediaAlpha by 2.3% during the 2nd quarter. Hsbc Holdings PLC now owns 51,550 shares of the company's stock worth $561,000 after acquiring an additional 1,144 shares during the period. Tower Research Capital LLC TRC raised its stake in MediaAlpha by 28.0% during 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 period. Quarry LP lifted its holdings in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company's stock valued at $47,000 after purchasing an additional 1,234 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in MediaAlpha by 13.4% during the second quarter. The Manufacturers Life Insurance Company now owns 12,757 shares of the company's stock valued at $140,000 after purchasing an additional 1,510 shares in the last quarter. 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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