Key Points
- MediaAlpha CRO Keith Cramer sold 13,000 shares on June 15 at an average price of $9.47, for proceeds of $123,110. The sale reduced his ownership by 4.43% and was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding related to vested equity awards.
- Cramer has been actively selling shares recently, including 13,000 shares in May and 10,000 shares in April, indicating a pattern of insider selling over the past few months.
- MediaAlpha’s latest results showed mixed performance: quarterly EPS of $0.21 missed estimates, but revenue of $310 million beat expectations and rose 17.3% year over year. Analysts currently rate the stock a “Moderate Buy” with an average price target of $12.58.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CRO Keith Cramer sold 13,000 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $9.47, for a total transaction of $123,110.00. Following the completion of the transaction, the executive owned 280,528 shares of the company's stock, valued at approximately $2,656,600.16. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.
Keith Cramer also recently made the following trade(s):
- On Friday, May 15th, Keith Cramer sold 13,000 shares of MediaAlpha stock. The stock was sold at an average price of $8.05, for a total transaction of $104,650.00.
- On Wednesday, April 15th, Keith Cramer sold 10,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.68, for a total transaction of $96,800.00.
MediaAlpha Price Performance
Shares of MAX opened at $9.84 on Tuesday. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $13.92. The company has a 50-day moving average of $9.15 and a two-hundred day moving average of $10.18. The stock has a market cap of $613.71 million, a price-to-earnings ratio of 15.38 and a beta of 1.16.
MediaAlpha (NYSE:MAX - Get Free Report) last announced its 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). The firm had revenue of $310.00 million during the quarter, compared to analyst estimates of $298.91 million. MediaAlpha had a negative return on equity of 147.82% and a net margin of 3.37%.The business's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Analysts anticipate that MediaAlpha, Inc. will post 1.02 earnings per share for the current year.
Institutional Trading of MediaAlpha
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in MediaAlpha by 95.2% during the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company's stock valued at $12,045,000 after acquiring an additional 516,195 shares in the last quarter. Triad Investment Management bought a new position in MediaAlpha during the fourth quarter valued at approximately $3,567,000. Globeflex Capital L P bought a new position in MediaAlpha during the fourth quarter valued at approximately $1,039,000. Brookwood Investment Group LLC bought a new position in MediaAlpha during the fourth quarter valued at approximately $296,000. Finally, Semanteon Capital Management LP raised its position in shares of MediaAlpha by 344.7% in the third quarter. Semanteon Capital Management LP now owns 44,583 shares of the company's stock valued at $507,000 after purchasing an additional 34,558 shares during the period. 64.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on MAX shares. Royal Bank Of Canada decreased their price target 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. Zacks Research cut shares of MediaAlpha from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of MediaAlpha from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 2nd. Keefe, Bruyette & Woods decreased their price target 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. Finally, Weiss Ratings upgraded shares of MediaAlpha from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $12.58.
Read Our Latest Stock Report on MAX
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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