Key Points
- MediaAlpha director Eugene Nonko sold 20,001 shares on June 10 at an average price of $10.00, totaling about $200,010. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards.
- After the transaction, Nonko still held 1,227,273 shares valued at roughly $12.27 million, a 1.6% reduction in his stake. The article also notes several other recent insider sales by Nonko in April and June.
- MediaAlpha stock was trading around $9.47, below both its 200-day moving average of $10.21 and within a 52-week range of $7.09 to $13.92. The company recently reported Q1 revenue of $310 million, beating estimates, though earnings per share came in below expectations.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 20,001 shares of the business's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $10.00, for a total value of $200,010.00. Following the completion of the transaction, the director directly owned 1,227,273 shares of the company's stock, valued at approximately $12,272,730. This trade represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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.
Eugene Nonko also recently made the following trade(s):
- On Wednesday, June 10th, Eugene Nonko sold 3,201 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $32,010.00.
- On Wednesday, April 29th, Eugene Nonko sold 26,888 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total transaction of $269,148.88.
- On Wednesday, April 29th, Eugene Nonko sold 25,606 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total transaction of $256,316.06.
- On Tuesday, April 28th, Eugene Nonko sold 5,150 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $51,500.00.
- On Tuesday, April 28th, Eugene Nonko sold 2,003 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $20,030.00.
- On Monday, April 27th, Eugene Nonko sold 27,513 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $276,230.52.
- On Monday, April 27th, Eugene Nonko sold 27,972 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $280,838.88.
- On Tuesday, April 21st, Eugene Nonko sold 22,274 shares of MediaAlpha stock. The shares were sold at an average price of $10.07, for a total transaction of $224,299.18.
- On Tuesday, April 21st, Eugene Nonko sold 15,172 shares of MediaAlpha stock. The shares were sold at an average price of $10.09, for a total transaction of $153,085.48.
- On Monday, April 20th, Eugene Nonko sold 49,844 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total transaction of $500,433.76.
MediaAlpha Stock Up 1.3%
NYSE MAX opened at $9.47 on Friday. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92. The firm has a market capitalization of $590.33 million, a P/E ratio of 14.79 and a beta of 1.16. The company has a 50-day moving average price of $9.14 and a 200-day moving average price of $10.21.
MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.21 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 business had revenue of $310.00 million for the quarter, compared to analysts' expectations of $298.91 million. During the same period in the previous year, the company earned ($0.04) EPS. MediaAlpha's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities research analysts anticipate that MediaAlpha, Inc. will post 1.02 EPS for the current year.
Wall Street Analysts Forecast Growth
MAX has been the subject of several research reports. Weiss Ratings raised shares of MediaAlpha from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, May 29th. Zacks Research lowered shares of MediaAlpha from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 19th. Royal Bank Of Canada reduced their target price on shares of MediaAlpha from $18.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Texas Capital raised shares of MediaAlpha to a "strong-buy" rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods reduced 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.58.
View Our Latest Research Report on MediaAlpha
Institutional Investors Weigh In On MediaAlpha
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAX. Millennium Management LLC increased its holdings in MediaAlpha by 680.9% in the 3rd quarter. Millennium Management LLC now owns 1,429,556 shares of the company's stock worth $16,268,000 after acquiring an additional 1,246,493 shares in the last quarter. Victory Capital Management Inc. increased its holdings in MediaAlpha by 1,261.9% in the 3rd quarter. Victory Capital Management Inc. now owns 710,819 shares of the company's stock worth $8,089,000 after acquiring an additional 658,625 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in MediaAlpha by 95.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company's stock worth $12,045,000 after acquiring an additional 516,195 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in MediaAlpha in the 2nd quarter worth approximately $4,268,000. Finally, Lighthouse Investment Partners LLC increased its holdings in MediaAlpha by 831.7% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 353,930 shares of the company's stock worth $4,028,000 after acquiring an additional 315,943 shares in the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.
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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