Key Points
- MediaAlpha insider Steven Yi sold 96,000 shares on July 1 at an average price of $12.90, totaling about $1.24 million. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to equity award vesting.
- After the transaction, Yi still held 2,759,690 shares valued at roughly $35.6 million, though his ownership fell by 3.36%. The article also notes he has made several other share sales in recent months.
- MediaAlpha’s stock was trading near $12.81 after rising 1.9%, with shares close to their 12-month high of $13.92. The company recently reported better-than-expected revenue but missed earnings estimates, while analysts currently rate the stock a consensus “Moderate Buy.”
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 96,000 shares of the business's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $12.90, for a total transaction of $1,238,400.00. Following the completion of the transaction, the insider directly owned 2,759,690 shares in the company, valued at $35,600,001. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.
Steven Yi also recently made the following trade(s):
- On Tuesday, June 16th, Steven Yi sold 24,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.01, for a total transaction of $240,240.00.
- 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 Monday, May 4th, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.05, for a total transaction of $36,200.00.
- On Wednesday, April 29th, Steven Yi sold 26,739 shares of MediaAlpha stock. The stock was 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 transaction 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 transaction of $336,293.37.
- On Wednesday, April 22nd, Steven Yi sold 4,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.88, for a total transaction of $39,520.00.
- On Tuesday, April 21st, Steven Yi sold 16,047 shares of MediaAlpha stock. The shares were 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 shares were 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.
MediaAlpha Trading Up 1.9%
Shares of MAX stock opened at $12.81 on Thursday. The company has a market cap of $798.45 million, a price-to-earnings ratio of 20.01 and a beta of 1.08. The stock has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $10.00. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $13.92.
MediaAlpha (NYSE:MAX - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $298.91 million. During the same period in the prior year, the business earned ($0.04) earnings per share. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities analysts forecast that MediaAlpha, Inc. will post 0.99 earnings per share for the current fiscal year.
Institutional Trading of MediaAlpha
A number of institutional investors have recently bought and sold shares of MAX. JPMorgan Chase & Co. increased its position in shares of MediaAlpha by 95.2% in the third quarter. JPMorgan Chase & Co. now owns 1,058,441 shares of the company's stock valued at $12,045,000 after buying an additional 516,195 shares in the last quarter. Triad Investment Management purchased a new stake in shares of MediaAlpha in the 4th quarter worth about $3,567,000. Globeflex Capital L P acquired a new stake in MediaAlpha in the 4th quarter valued at about $1,039,000. Pacer Advisors Inc. grew its stake in MediaAlpha by 6.7% in the 4th quarter. Pacer Advisors Inc. now owns 263,024 shares of the company's stock valued at $3,406,000 after acquiring an additional 16,597 shares during the last quarter. Finally, Clearline Capital LP increased its holdings in MediaAlpha by 0.8% during the 4th quarter. Clearline Capital LP now owns 1,301,453 shares of the company's stock valued at $16,854,000 after acquiring an additional 10,604 shares in the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of MediaAlpha from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Keefe, Bruyette & Woods cut 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. Texas Capital upgraded shares of MediaAlpha to a "strong-buy" rating in a research note on Tuesday, June 9th. Capital One Financial set a $11.00 price objective on shares of MediaAlpha in a report on Tuesday, June 9th. Finally, Weiss Ratings lowered shares of MediaAlpha from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MediaAlpha presently has an average rating of "Moderate Buy" and a consensus target price of $12.36.
Check Out Our Latest Research 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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