MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 130,065 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.05, for a total transaction of $1,957,478.25. Following the completion of the sale, the insider directly owned 2,044,836 shares of the company's stock, valued at approximately $30,774,781.80. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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.
Steven Yi also recently made the following trade(s):
- On Wednesday, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The shares were sold at an average price of $15.50, for a total transaction of $2,342,499.50.
- On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The shares were sold at an average price of $14.78, for a total transaction of $2,051,552.68.
- On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The shares were sold at an average price of $11.01, for a total transaction of $22,383.33.
- On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total value of $240,960.00.
- On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.38, for a total value of $594,240.00.
MediaAlpha Stock Performance
MAX opened at $15.02 on Thursday. The company has a market capitalization of $920.00 million, a price-to-earnings ratio of 8.25 and a beta of 1.12. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $15.99. The business has a 50 day moving average price of $11.40 and a two-hundred day moving average price of $10.71.
MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.18. MediaAlpha had a negative return on equity of 994.23% and a net margin of 8.35%. The firm had revenue of $375.95 million during the quarter, compared to analyst estimates of $347.93 million. Research analysts predict that MediaAlpha, Inc. will post 1.47 EPS for the current fiscal year.
Key Stories Impacting MediaAlpha
Here are the key news stories impacting MediaAlpha this week:
- Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
- Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Canaccord Genuity Group lifted their target price on MediaAlpha from $17.00 to $18.00 and gave the stock a "buy" 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. JPMorgan Chase & Co. upped their price target on shares of MediaAlpha from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, October 29th. The Goldman Sachs Group raised their price objective on shares of MediaAlpha from $10.50 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, MediaAlpha presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.71.
Get Our Latest Stock Report on MAX
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of MediaAlpha by 380.9% during the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company's stock valued at $2,601,000 after acquiring an additional 221,540 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. Jacobs Asset Management LLC boosted its stake in shares of MediaAlpha by 31.1% during the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company's stock worth $8,597,000 after acquiring an additional 219,144 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of MediaAlpha in the 2nd quarter worth $702,000. Finally, Principal Financial Group Inc. grew its holdings 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 worth $1,280,000 after acquiring an additional 102,210 shares during the last quarter. Institutional investors own 64.39% of the company's stock.
MediaAlpha Company Profile
(
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.
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