MediaAlpha, Inc. (NYSE:MAX) Insider Purchases $85,900.00 in Stock

MediaAlpha, Inc. (NYSE:MAXGet Rating) insider Patrick Ryan Thompson bought 10,000 shares of MediaAlpha stock in a transaction on Tuesday, June 14th. The shares were acquired at an average cost of $8.59 per share, with a total value of $85,900.00. Following the completion of the acquisition, the insider now owns 83,552 shares of the company’s stock, valued at approximately $717,711.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Patrick Ryan Thompson also recently made the following trade(s):

  • On Thursday, May 12th, Patrick Ryan Thompson acquired 5,000 shares of MediaAlpha stock. The stock was bought at an average price of $10.29 per share, with a total value of $51,450.00.
  • On Tuesday, May 10th, Patrick Ryan Thompson bought 10,000 shares of MediaAlpha stock. The shares were bought at an average price of $11.03 per share, for a total transaction of $110,300.00.

Shares of MediaAlpha stock traded up $0.64 on Wednesday, reaching $9.22. The company had a trading volume of 156,913 shares, compared to its average volume of 236,466. The firm has a market cap of $563.54 million, a price-to-earnings ratio of -22.58 and a beta of 0.67. The firm’s 50-day moving average price is $12.47 and its two-hundred day moving average price is $13.76. MediaAlpha, Inc. has a 1 year low of $8.48 and a 1 year high of $47.00.

MediaAlpha (NYSE:MAXGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). The company had revenue of $142.60 million during the quarter, compared to the consensus estimate of $141.20 million. During the same period in the previous year, the company posted $0.04 EPS. The firm’s revenue was down 17.9% compared to the same quarter last year. Equities analysts expect that MediaAlpha, Inc. will post -0.59 EPS for the current fiscal year.

Several research analysts have recently commented on MAX shares. Citigroup downgraded MediaAlpha from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $24.00 to $14.00 in a research note on Wednesday, February 23rd. Royal Bank of Canada decreased their target price on shares of MediaAlpha from $18.00 to $13.00 in a research note on Friday, May 13th. Finally, Canaccord Genuity Group decreased their price target on shares of MediaAlpha from $30.00 to $20.00 in a research note on Friday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.50.

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. lifted its stake in shares of MediaAlpha by 20.1% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,910 shares of the company’s stock worth $92,000 after acquiring an additional 822 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of MediaAlpha by 9.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,845 shares of the company’s stock valued at $183,000 after purchasing an additional 1,062 shares during the period. State Street Corp grew its holdings in shares of MediaAlpha by 0.3% in the first quarter. State Street Corp now owns 415,161 shares of the company’s stock worth $6,871,000 after purchasing an additional 1,127 shares during the last quarter. California State Teachers Retirement System increased its stake in MediaAlpha by 4.8% in the 4th quarter. California State Teachers Retirement System now owns 24,871 shares of the company’s stock worth $384,000 after buying an additional 1,139 shares during the period. Finally, Prospera Financial Services Inc purchased a new position in MediaAlpha in the 1st quarter worth about $28,000. 65.47% of the stock is owned by hedge funds and other institutional investors.

MediaAlpha Company Profile (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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