Key Points
- Steven Yi, a MediaAlpha insider, sold 4,000 shares on April 1 at an average price of $9.15 as part of a series of recent disposals (totaling tens of thousands of shares), reducing his stake by 0.13% to 3,031,247 shares valued at about $27.7 million.
- MediaAlpha reported stronger-than-expected EPS of $0.50 (vs. $0.25 est.) but revenue fell 3.2% and missed estimates, prompting several analysts to cut price targets; the stock trades near $9.38 with a consensus target of $12.90.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $9.15, for a total value of $36,600.00. Following the transaction, the insider directly owned 3,031,247 shares of the company's stock, valued at $27,735,910.05. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Steven Yi also recently made the following trade(s):
- On Monday, March 30th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.23, for a total value of $36,920.00.
- On Wednesday, March 25th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.42, for a total value of $37,680.00.
- 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 value 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 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 stock was sold at an average price of $10.03, for a total transaction 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 transaction of $392,127.48.
MediaAlpha Stock Performance
Shares of NYSE:MAX opened at $9.38 on Friday. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $13.92. The company has a market capitalization of $604.69 million, a P/E ratio of 24.04 and a beta of 1.39. The company has a 50-day simple moving average of $9.30 and a 200 day simple moving average of $11.17.
MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.25. The firm had revenue of $291.16 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. As a group, equities analysts forecast that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Royal Bank Of Canada cut their price target on MediaAlpha from $18.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Keefe, Bruyette & Woods decreased their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a report 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. The Goldman Sachs Group cut their target price on shares of MediaAlpha from $13.50 to $11.50 and set a "neutral" rating for the company in a research note on Tuesday, February 24th. Finally, Wall Street Zen lowered shares of MediaAlpha from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 28th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.90.
Check Out Our Latest Stock Analysis on MediaAlpha
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of MAX. Caitong International Asset Management Co. Ltd raised its position in MediaAlpha by 5,900.0% during the fourth 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. Rockefeller Capital Management L.P. increased its position in MediaAlpha by 9,917.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company's stock worth $36,000 after purchasing an additional 2,777 shares in the last quarter. Quarry LP lifted its stake in MediaAlpha by 43.3% in 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 acquired a new stake in MediaAlpha in the fourth quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC boosted its position in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock valued at $61,000 after buying an additional 1,213 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
