Key Points
- Director Eugene Nonko sold 8,205 MediaAlpha shares at an average price of $12.78, generating $104,859.90. The Rule 10b5-1 transaction was intended to cover tax withholding obligations, reducing his holdings by 0.83% to 975,959 shares.
- MediaAlpha shares were trading at $13.51, up 2.4%, with a market capitalization of approximately $827.6 million. The company exceeded quarterly expectations, reporting $0.65 in EPS on $316.88 million in revenue.
- Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $13.86, although ratings range from “Strong Buy” to “Sell.” Institutional investors and hedge funds own 64.39% of the company.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 8,205 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $12.78, for a total transaction of $104,859.90. Following the completion of the sale, the director owned 975,959 shares of the company's stock, valued at $12,472,756.02. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Wednesday, August 19th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.23, for a total value of $108,552.15.
- On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.20, for a total transaction of $43,322.40.
- On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total transaction of $42,075.24.
- On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total value of $104,859.90.
- On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were 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 shares were 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 transaction 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 transaction of $96,836.10.
- On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was 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.
MediaAlpha Trading Up 2.4%
Shares of MediaAlpha stock opened at $13.51 on Thursday. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $14.70. The firm has a market capitalization of $827.62 million, a price-to-earnings ratio of 8.34 and a beta of 1.11. The firm's 50 day simple moving average is $12.59 and its two-hundred day simple moving average is $10.35.
MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The firm had revenue of $316.88 million during the quarter, compared to analysts' expectations of $300.87 million. On average, sell-side analysts predict that MediaAlpha, Inc. will post 0.97 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on MAX shares. Wall Street Zen upgraded MediaAlpha from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods upped their price target on MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. Zacks Research cut MediaAlpha from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 19th. Weiss Ratings raised MediaAlpha from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group increased their target price on MediaAlpha from $10.00 to $14.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. One research 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 data from MarketBeat, MediaAlpha presently has an average rating of "Moderate Buy" and a consensus target price of $13.86.
Get Our Latest Report on MAX
Hedge Funds Weigh In On MediaAlpha
Several institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in MediaAlpha by 5,900.0% in 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 period. Rockefeller Capital Management L.P. grew its position in 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 acquiring an additional 2,777 shares in the last quarter. Strs Ohio acquired a new position in shares of MediaAlpha in the fourth quarter valued at approximately $49,000. Quarry LP grew its stake in shares of MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company's stock worth $47,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock valued at $61,000 after acquiring an additional 1,213 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.
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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