Key Points
- Steven Yi sold 4,000 shares on May 4 at $9.05 for $36,200 under a pre-arranged Rule 10b5-1 plan to cover tax withholdings, trimming his stake to 2,887,690 shares; this transaction is part of a string of sales by Yi in April–May.
- MediaAlpha reported Q1 EPS of $0.21 (missing the $0.25 consensus) while revenue rose 17.3% to $310 million; the company has ~ $580 million market cap and a consensus analyst rating of Moderate Buy with a $12.90 price target.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $9.05, for a total transaction of $36,200.00. Following the completion of the sale, the insider directly owned 2,887,690 shares in the company, valued at approximately $26,133,594.50. This trade represents a 0.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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, May 6th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.14, for a total transaction of $36,560.00.
- On Wednesday, April 29th, Steven Yi sold 26,739 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $267,390.00.
- On Tuesday, April 28th, Steven Yi sold 6,565 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $65,650.00.
- On Monday, April 27th, Steven Yi sold 33,663 shares of MediaAlpha stock. The stock was sold at an average price of $9.99, for a total value of $336,293.37.
- On Wednesday, April 22nd, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.88, for a total value of $39,520.00.
- On Tuesday, April 21st, Steven Yi sold 16,047 shares of MediaAlpha stock. The stock was sold at an average price of $10.08, for a total value of $161,753.76.
- On Monday, April 20th, Steven Yi sold 28,543 shares of MediaAlpha stock. The stock was sold at an average price of $10.06, for a total value of $287,142.58.
- On Wednesday, April 15th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.68, for a total value of $38,720.00.
- On Monday, April 13th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.07, for a total value of $36,280.00.
- On Wednesday, April 8th, Steven Yi sold 4,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.78, for a total value of $39,120.00.
MediaAlpha Price Performance
Shares of NYSE MAX opened at $8.99 on Thursday. The company has a market capitalization of $579.92 million, a price-to-earnings ratio of 14.05 and a beta of 1.16. The business has a 50-day moving average of $9.64 and a two-hundred day moving average of $10.82. 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 Wednesday, April 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). MediaAlpha had a net margin of 3.37% and a negative return on equity of 147.82%. The company had revenue of $310.00 million during the quarter, compared to analyst estimates of $298.91 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The company's quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities research analysts expect that MediaAlpha, Inc. will post 1.05 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on MAX. Zacks Research cut shares of MediaAlpha from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 25th. Weiss Ratings upgraded shares of MediaAlpha from a "sell (d)" rating to a "hold (c-)" rating in a report on Wednesday, February 25th. Keefe, Bruyette & Woods lowered their target price on shares of MediaAlpha from $16.00 to $15.00 and set an "outperform" rating for the company in a report on Tuesday, April 7th. The Goldman Sachs Group dropped their price target on MediaAlpha from $13.50 to $11.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. raised their price target on MediaAlpha from $11.00 to $12.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.90.
Get Our Latest Stock Analysis on MediaAlpha
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in MediaAlpha by 5,900.0% in 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 during the period. Rockefeller Capital Management L.P. increased its stake in MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company's stock valued at $36,000 after purchasing an additional 2,777 shares during the period. Quarry LP increased its stake in 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 purchasing an additional 1,234 shares during the period. Strs Ohio acquired a new position in MediaAlpha in the fourth quarter valued at $49,000. Finally, Tower Research Capital LLC TRC increased its stake 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 purchasing an additional 1,213 shares during the period. Hedge funds and other 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.
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].
