MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 4,952 shares of the company's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $13.87, for a total transaction of $68,684.24. Following the completion of the sale, the director directly owned 885,622 shares of the company's stock, valued at $12,283,577.14. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, 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.
Eugene Nonko also recently made the following trade(s):
- On Monday, July 20th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The stock was sold at an average price of $13.82, for a total transaction of $131,621.68.
- On Wednesday, July 8th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.61, for a total transaction of $111,670.05.
- On Wednesday, July 8th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.78, for a total transaction of $45,225.96.
- On Tuesday, July 7th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.06, for a total value of $133,907.44.
- On Tuesday, July 7th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The stock was sold at an average price of $14.08, for a total value of $69,724.16.
- On Monday, July 6th, Eugene Nonko sold 25,352 shares of MediaAlpha stock. The shares were sold at an average price of $13.86, for a total value of $351,378.72.
- On Monday, July 6th, Eugene Nonko sold 24,992 shares of MediaAlpha stock. The shares were sold at an average price of $13.91, for a total value of $347,638.72.
- On Wednesday, July 1st, Eugene Nonko sold 9,059 shares of MediaAlpha stock. The shares were sold at an average price of $12.80, for a total value of $115,955.20.
- On Wednesday, July 1st, Eugene Nonko sold 4,512 shares of MediaAlpha stock. The stock was sold at an average price of $12.77, for a total value of $57,618.24.
- On Monday, June 29th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $11.93, for a total value of $92,791.54.
MediaAlpha Price Performance
Shares of MediaAlpha stock opened at $13.85 on Wednesday. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70. The business's 50 day simple moving average is $11.26 and its two-hundred day simple moving average is $10.15. The stock has a market capitalization of $863.55 million, a P/E ratio of 21.64 and a beta of 1.08.
MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $298.91 million. During the same period last year, the company posted ($0.04) EPS. The business's revenue for the quarter was up 17.3% compared to the same quarter last year. Sell-side analysts expect that MediaAlpha, Inc. will post 0.97 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have weighed in on MAX. Capital One Financial set a $11.00 price target on shares of MediaAlpha in a research report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on shares of MediaAlpha from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of MediaAlpha from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 1st. TD Cowen lowered their price target on MediaAlpha from $13.00 to $11.00 and set a "hold" rating for the company in a research report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded MediaAlpha from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.64.
Get Our Latest Stock Analysis on MediaAlpha
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of 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 purchasing an additional 1,246,493 shares during the period. JPMorgan Chase & Co. increased its position in shares of MediaAlpha by 29.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,367,896 shares of the company's stock valued at $17,714,000 after buying an additional 309,455 shares during the period. Clearline Capital LP raised its stake in MediaAlpha by 0.8% in the fourth quarter. Clearline Capital LP now owns 1,301,453 shares of the company's stock worth $16,854,000 after buying an additional 10,604 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in MediaAlpha by 24.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company's stock worth $9,876,000 after buying an additional 206,077 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in MediaAlpha by 10.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,045,400 shares of the company's stock worth $13,538,000 after buying an additional 100,300 shares during the period. 64.39% of the stock is currently owned by 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.
Read More
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].
