Key Points
- MediaAlpha CTO Kuanling Yeh sold 25,000 shares for $361,750 at an average price of $14.47, reducing her holdings by 4.6%; she retained 518,091 shares after the sale.
- The company reported quarterly earnings of $0.46 per share, beating the $0.28 consensus estimate, and revenue of $375.95 million versus expectations of $347.93 million.
- Analysts’ average rating was “Moderate Buy,” with an average price target of $14.71; targets from several firms were raised to between $16 and $17.
MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Yeh sold 25,000 shares of MediaAlpha stock in a transaction on Friday, October 30th. The stock was sold at an average price of $14.47, for a total transaction of $361,750.00. Following the sale, the chief technology officer owned 518,091 shares of the company's stock, valued at $7,496,776.77. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Kuanling Amy Yeh also recently made the following trade(s):
- On Monday, November 2nd, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The shares were sold at an average price of $14.91, for a total transaction of $372,750.00.
- On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.77, for a total value of $35,310.00.
- On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total value of $28,200.00.
- 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 value of $36,000.00.
- On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total value of $162,600.00.
MediaAlpha Stock Performance
Shares of MAX opened at $15.15 on Wednesday. The stock has a 50-day moving average of $11.36 and a two-hundred day moving average of $10.69. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $15.22. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $927.91 million, a P/E ratio of 8.32 and a beta of 1.12.
MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.18. The business had revenue of $375.95 million for the quarter, compared to the consensus estimate of $347.93 million. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. As a group, research analysts predict that MediaAlpha, Inc. will post 1.47 EPS for the current year.
Analyst Upgrades and Downgrades
MAX has been the subject of a number of research reports. 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. The Goldman Sachs Group increased their price target on shares of MediaAlpha from $10.50 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, October 29th. Zacks Research downgraded shares of MediaAlpha from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 21st. Royal Bank Of Canada raised their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of MediaAlpha from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, October 29th. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $14.71.
Check Out Our Latest Stock Report on MAX
Hedge Funds Weigh In On MediaAlpha
Institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of 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 buying an additional 2,777 shares during the period. Covestor Ltd boosted its stake in shares of MediaAlpha by 21.2% in the third quarter. Covestor Ltd now owns 5,788 shares of the company's stock worth $56,000 after buying an additional 1,011 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in MediaAlpha during the first quarter worth about $85,000. State of Wyoming acquired a new stake in MediaAlpha during the third quarter worth about $109,000. Finally, Glenmede Trust Co. NA acquired a new stake in MediaAlpha during the first quarter worth about $122,000. Hedge funds and other institutional investors own 64.39% of the company's stock.
About MediaAlpha
(
Get Free Report)
MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.
The company's platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
