Key Points
- MediaAlpha CRO Keith Cramer sold 13,000 shares at an average price of $11.49, generating $149,370. The transaction was made under a Rule 10b5-1 plan to cover tax withholding on vested equity awards, reducing his ownership by 4.92%.
- MediaAlpha shares opened at $11.01, with a market capitalization of approximately $674.7 million. The company recently reported quarterly EPS of $0.65, well above the $0.23 consensus estimate, and revenue of $316.9 million.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $14.29, while institutional investors own 64.39% of the stock.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CRO Keith Cramer sold 13,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $11.49, for a total transaction of $149,370.00. Following the completion of the transaction, the executive directly owned 251,303 shares of the company's stock, valued at approximately $2,887,471.47. The trade was a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.
Keith Cramer also recently made the following trade(s):
- On Monday, August 17th, Keith Cramer sold 13,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.76, for a total value of $165,880.00.
MediaAlpha Price Performance
MAX opened at $11.01 on Thursday. The company has a market capitalization of $674.66 million, a price-to-earnings ratio of 6.80 and a beta of 1.16. The business's 50-day moving average price is $12.89 and its two-hundred day moving average price is $10.88. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70.
MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.42. The company had revenue of $316.88 million during the quarter, compared to analysts' expectations of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. Sell-side analysts anticipate that MediaAlpha, Inc. will post 1.28 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearline Capital LP increased its stake in shares of MediaAlpha by 0.8% during the 4th quarter. Clearline Capital LP now owns 1,301,453 shares of the company's stock worth $16,854,000 after purchasing an additional 10,604 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in MediaAlpha by 24.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company's stock valued at $9,876,000 after purchasing an additional 206,077 shares during the period. Jacobs Asset Management LLC increased its position in MediaAlpha by 31.1% in the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company's stock worth $8,597,000 after buying an additional 219,144 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 300,871 shares during the period. Finally, Triad Investment Management increased its holdings in MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company's stock worth $4,635,000 after acquiring an additional 34,867 shares during the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. initiated coverage on MediaAlpha in a report on Monday, August 24th. They issued a "neutral" rating and a $15.00 price objective for the company. Royal Bank Of Canada increased their price target on shares of MediaAlpha from $11.00 to $15.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Capital One Financial set a $11.00 target price on MediaAlpha in a research report on Tuesday, June 9th. Finally, Weiss Ratings upgraded MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.29.
Read Our Latest Stock Analysis on MediaAlpha
MediaAlpha Company Profile
(
Get Free Report)
MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.
The company's platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.
MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.
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