Key Points
- MediaAlpha CTO Kuanling Amy Yeh sold 12,000 shares at an average price of $13.55, totaling $162,600. The Rule 10b5-1 transaction covered tax obligations from vested equity awards, reducing her direct ownership by 2.17% to 541,985 shares.
- MediaAlpha recently reported strong quarterly results, with EPS of $0.65 versus the $0.23 consensus estimate and revenue of $316.88 million, ahead of analysts’ $300.87 million forecast.
- The stock opened at $12.64, down 4.0%, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $13.86; institutional investors own 64.39% of outstanding shares.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Amy Yeh sold 12,000 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $13.55, for a total transaction of $162,600.00. Following the transaction, the chief technology officer directly owned 541,985 shares of the company's stock, valued at $7,343,896.75. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, June 26th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.16, for a total transaction of $33,480.00.
- On Friday, June 5th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $8.89, for a total transaction of $26,670.00.
MediaAlpha Stock Down 4.0%
Shares of MediaAlpha stock opened at $12.64 on Tuesday. The firm has a market cap of $774.33 million, a price-to-earnings ratio of 7.80 and a beta of 1.11. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $14.70. The business has a 50-day moving average price of $12.44 and a 200-day moving average price of $10.31.
MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.42. The company had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. On average, equities analysts expect that MediaAlpha, Inc. will post 0.97 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Globeflex Capital L P purchased a new stake in shares of MediaAlpha in the second quarter valued at $702,000. Glenmede Trust Co. NA bought a new position in MediaAlpha during the 1st quarter valued at about $122,000. Bank of America Corp DE raised its position in MediaAlpha by 380.9% in the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company's stock worth $2,601,000 after purchasing an additional 221,540 shares during the period. Amundi raised its position in MediaAlpha by 33.2% in the 1st quarter. Amundi now owns 78,104 shares of the company's stock worth $726,000 after purchasing an additional 19,488 shares during the period. Finally, Stoic Point Capital Management LLC lifted its stake in MediaAlpha by 6.6% in the first quarter. Stoic Point Capital Management LLC now owns 221,041 shares of the company's stock worth $2,056,000 after purchasing an additional 13,743 shares during the last quarter. 64.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MAX has been the topic of several research reports. Zacks Research cut shares of MediaAlpha from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 19th. 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 report on Thursday, April 30th. TD Cowen decreased their target price on shares of MediaAlpha from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Tuesday, June 23rd. Texas Capital raised shares of MediaAlpha to a "strong-buy" rating in a report on Tuesday, June 9th. Finally, Canaccord Genuity Group boosted their price objective on MediaAlpha from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.86.
Read Our Latest Stock Report on MediaAlpha
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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