Key Points
- MediaAlpha CTO Kuanling Amy Yeh sold 3,000 shares at an average price of $9.40, generating $28,200. The sale occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, leaving her with 546,091 shares.
- MediaAlpha reported quarterly earnings of $0.65 per share, exceeding the $0.23 analyst consensus, while revenue of $316.88 million also topped estimates. The stock opened at $9.27, with a 52-week range of $7.09 to $14.70.
- Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $14.29. Institutional investors own 64.39% of MediaAlpha’s shares.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Yeh sold 3,000 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $9.40, for a total transaction of $28,200.00. Following the sale, the chief technology officer directly owned 546,091 shares of the company's stock, valued at $5,133,255.40. This represents a 0.55% decrease in their position. The transaction 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.
Kuanling Amy Yeh also recently made the following trade(s):
- On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.00, for a total transaction of $36,000.00.
- On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.55, for a total transaction of $162,600.00.
MediaAlpha Stock Performance
NYSE:MAX opened at $9.27 on Friday. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $14.70. The firm's fifty day moving average is $12.34 and its 200-day moving average is $10.87. The firm has a market cap of $567.57 million, a P/E ratio of 5.72 and a beta of 1.16.
MediaAlpha (NYSE:MAX - Get Free Report) last announced its 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. The business had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. As a group, sell-side analysts anticipate that MediaAlpha, Inc. will post 1.4 earnings per share for the current year.
Institutional Investors Weigh In On MediaAlpha
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of MediaAlpha by 380.9% during the first quarter. Bank of America Corp DE now owns 279,704 shares of the company's stock valued at $2,601,000 after purchasing an additional 221,540 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of MediaAlpha by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company's stock valued at $5,773,000 after buying an additional 300,871 shares during the period. Jacobs Asset Management LLC grew its stake in shares of MediaAlpha by 31.1% in the 1st 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 during the period. Principal Financial Group Inc. grew 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 buying an additional 102,210 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in 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 buying an additional 206,077 shares in the last quarter. 64.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on MAX. Texas Capital raised MediaAlpha to a "strong-buy" rating in a research report on Tuesday, June 9th. TD Cowen decreased their target price on MediaAlpha from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods lifted their target price on MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. assumed coverage on MediaAlpha in a report on Monday, August 24th. They issued a "neutral" rating and a $15.00 target price for the company. Finally, The Goldman Sachs Group boosted their price target on MediaAlpha from $10.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, MediaAlpha presently has an average rating of "Moderate Buy" and an average price target of $14.29.
View Our Latest Analysis on MediaAlpha
About MediaAlpha
(
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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