Key Points
- Steven Yi, a MediaAlpha insider, sold 4,000 shares on April 6 at $9.34 (part of a series of recent sales), executed under a Rule 10b5-1 plan to cover tax withholding; after the sale he holds 3,027,247 shares (a ~0.13% ownership decrease).
- MediaAlpha reported an EPS beat ($0.50 vs. $0.25) for the quarter but revenue fell 3.2% YoY to $291.16M and the company shows a negative ROE; the stock trades near $9.71 with a market cap of ~$626M and an average analyst price target of $12.70 ("Moderate Buy").
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 4,000 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $9.34, for a total value of $37,360.00. Following the transaction, the insider owned 3,027,247 shares of the company's stock, valued at approximately $28,274,486.98. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Steven Yi also recently made the following trade(s):
- On Wednesday, April 8th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.78, for a total value of $39,120.00.
- On Wednesday, April 1st, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.15, for a total value of $36,600.00.
- 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 stock was 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 value of $38,360.00.
- 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 value of $51,956.38.
- On Monday, March 16th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.93, for a total value 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.
MediaAlpha Trading Up 1.6%
MAX stock opened at $9.71 on Thursday. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $13.92. The stock has a 50-day moving average price of $9.20 and a two-hundred day moving average price of $11.05. The company has a market cap of $626.10 million, a PE ratio of 24.89 and a beta of 1.39.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.25. The firm had revenue of $291.16 million during 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%.MediaAlpha's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 earnings per share. Equities analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.
Hedge Funds Weigh In On MediaAlpha
Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its holdings 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 buying an additional 2,124 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company's stock valued at $36,000 after buying an additional 2,777 shares in the last quarter. Strs Ohio bought a new position in MediaAlpha during the fourth quarter valued at about $49,000. Quarry LP raised 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 buying an additional 1,234 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in MediaAlpha by 28.0% during 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. 64.39% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on MAX. Wall Street Zen lowered MediaAlpha from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 28th. Zacks Research cut MediaAlpha from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 25th. Weiss Ratings raised MediaAlpha from a "sell (d)" rating to a "hold (c-)" rating in a research report on Wednesday, February 25th. The Goldman Sachs Group decreased their target price on MediaAlpha from $13.50 to $11.50 and set a "neutral" rating for the company in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. cut their price objective on MediaAlpha from $15.00 to $11.00 and set an "overweight" rating for the company in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.70.
Check Out Our Latest Stock Report on MediaAlpha
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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