MediaAlpha, Inc. (NYSE:MAX – Get Rating) insider Patrick Ryan Thompson acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were bought at an average cost of $11.03 per share, for a total transaction of $110,300.00. Following the acquisition, the insider now owns 34,090 shares of the company’s stock, valued at approximately $376,012.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NYSE:MAX opened at $10.17 on Thursday. MediaAlpha, Inc. has a 12-month low of $9.98 and a 12-month high of $47.00. The company has a 50 day moving average of $14.92. The firm has a market capitalization of $619.87 million, a price-to-earnings ratio of -28.97 and a beta of 0.58.
MediaAlpha (NYSE:MAX – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). The business had revenue of $161.58 million for the quarter, compared to the consensus estimate of $155.88 million. As a group, research analysts expect that MediaAlpha, Inc. will post -0.28 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in MediaAlpha during the fourth quarter worth about $24,704,000. Rubric Capital Management LP purchased a new stake in shares of MediaAlpha during the 4th quarter worth approximately $9,798,000. Wolf Hill Capital Management LP acquired a new stake in shares of MediaAlpha in the 3rd quarter worth approximately $7,223,000. Jacobs Asset Management LLC purchased a new position in MediaAlpha in the 4th quarter valued at approximately $5,785,000. Finally, Invesco Ltd. raised its holdings in MediaAlpha by 47.0% during the third quarter. Invesco Ltd. now owns 582,132 shares of the company’s stock worth $10,875,000 after purchasing an additional 186,195 shares during the last quarter. 65.47% of the stock is currently owned by institutional investors.
About MediaAlpha (Get Rating)
MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.
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