Key Points
- MediaAlpha Director Eugene Nonko sold 8,205 shares at an average price of $12.78, generating $104,859.90. The transaction was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving him with 984,164 shares.
- MediaAlpha reported quarterly revenue of $316.88 million and EPS of $0.65, exceeding analyst estimates of $300.87 million and $0.23, respectively. The stock opened at $12.79, with a market capitalization of about $783.5 million.
- Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $13.86, although ratings range from Strong Buy to Sell.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 8,205 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $12.78, for a total transaction of $104,859.90. Following the sale, the director owned 984,164 shares of the company's stock, valued at approximately $12,577,615.92. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.89, for a total value of $42,304.98.
- On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.57, for a total value of $111,341.85.
- On Monday, August 10th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.30, for a total value of $43,650.60.
- On Tuesday, August 4th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.45, for a total value of $96,836.10.
- On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.50, for a total value of $33,337.50.
- On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.48, for a total value of $102,398.40.
- On Monday, August 3rd, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.54, for a total value of $41,156.28.
- On Wednesday, July 29th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.05, for a total value of $133,812.20.
- On Wednesday, July 29th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.05, for a total transaction of $69,575.60.
- On Tuesday, July 28th, Eugene Nonko sold 10,843 shares of MediaAlpha stock. The stock was sold at an average price of $13.78, for a total transaction of $149,416.54.
MediaAlpha Trading Down 2.4%
MAX opened at $12.79 on Thursday. The company has a market cap of $783.52 million, a price-to-earnings ratio of 7.90 and a beta of 1.11. The company's 50 day moving average is $12.20 and its 200 day moving average is $10.27. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $14.70.
MediaAlpha (NYSE:MAX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.42. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. The company had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. As a group, analysts predict that MediaAlpha, Inc. will post 0.97 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently commented on MAX. Royal Bank Of Canada upped their price objective on MediaAlpha from $11.00 to $15.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Canaccord Genuity Group boosted their price target on MediaAlpha from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings upgraded MediaAlpha from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 1st. Zacks Research cut MediaAlpha from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen raised MediaAlpha from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MediaAlpha presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.86.
Read Our Latest Stock Report on MAX
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in MediaAlpha by 5,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company's stock worth $28,000 after acquiring an additional 2,124 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of MediaAlpha by 9,917.9% in the 4th 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 last quarter. Quarry LP boosted its holdings in shares of MediaAlpha by 43.3% in the 3rd quarter. Quarry LP now owns 4,087 shares of the company's stock worth $47,000 after purchasing an additional 1,234 shares during the period. Strs Ohio purchased a new position in shares of MediaAlpha in the 4th quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of MediaAlpha by 28.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock worth $61,000 after purchasing an additional 1,213 shares during the period. 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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