MediaAlpha (NYSE:MAX) Director Sells $97,613.90 in Stock

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 7,778 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $12.55, for a total value of $97,613.90. Following the completion of the sale, the director owned 935,361 shares in the company, valued at $11,738,780.55. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.

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Eugene Nonko also recently made the following trade(s):

• On Wednesday, August 26th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.56, for a total value of $33,497.52.
• On Monday, August 24th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.99, for a total transaction of $106,582.95.
• On Monday, August 24th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.99, for a total transaction of $42,633.18.
• On Wednesday, August 19th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.23, for a total transaction of $108,552.15.
• On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $13.20, for a total transaction of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total transaction of $104,859.90.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were 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 stock was sold at an average price of $12.78, for a total transaction of $104,859.90.
• 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 transaction 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 transaction of $111,341.85.

MediaAlpha Stock Performance

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Shares of MAX opened at $12.61 on Thursday. The stock has a fifty day moving average of $12.91 and a two-hundred day moving average of $10.48. The company has a market capitalization of $772.49 million, a PE ratio of 7.78 and a beta of 1.11. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $14.70.

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MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The company had revenue of $316.88 million for the quarter, compared to analyst estimates of $300.87 million. As a group, equities research analysts forecast that MediaAlpha, Inc. will post 0.97 earnings per share for the current fiscal year.

Key Stories Impacting MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: Zacks Research upgraded MediaAlpha from “strong sell” to “hold,” reducing a previously negative analyst stance. The change may offer some support, although “hold” still indicates limited near-term conviction. Zacks Research
• Neutral Sentiment: JPMorgan initiated coverage of MediaAlpha. The article provided does not specify the bank’s rating or price target, so the immediate investment signal is unclear. New coverage could improve institutional visibility if JPMorgan issues a favorable outlook. JPMorgan Initiates Coverage on MediaAlpha
• Negative Sentiment: Director Eugene Nonko sold a combined 21,932 MediaAlpha shares for approximately $280,328 in transactions on August 24 and August 26. The sales could weigh on sentiment, but they were conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards. The transactions reduced his holdings by less than 1% in each reported position, and he continues to own substantial MediaAlpha shares. SEC Insider Trading Filing

Analyst Ratings Changes

Several analysts have commented on MAX shares. Keefe, Bruyette & Woods lifted their price target on MediaAlpha from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Wednesday, July 8th. Canaccord Genuity Group increased their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, July 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 upgraded shares of MediaAlpha to a "strong-buy" rating in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. started coverage on shares of MediaAlpha in a research report on Monday. They set a "neutral" rating and a $15.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.29.

View Our Latest Report on MediaAlpha

Hedge Funds Weigh In On MediaAlpha

A number of large investors have recently modified their holdings of MAX. Dimensional Fund Advisors LP grew its holdings in shares of MediaAlpha by 94.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company's stock worth $5,773,000 after purchasing an additional 300,871 shares during the period. Jacobs Asset Management LLC lifted its position in MediaAlpha by 31.1% during the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company's stock valued at $8,597,000 after buying an additional 219,144 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of MediaAlpha by 288.7% in the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company's stock valued at $1,280,000 after acquiring an additional 102,210 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of MediaAlpha by 24.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company's stock valued at $9,876,000 after acquiring an additional 206,077 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of MediaAlpha by 150.9% in the 1st quarter. Quantinno Capital Management LP now owns 107,274 shares of the company's stock valued at $998,000 after acquiring an additional 64,526 shares during the period. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

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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