MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 3,000 Shares

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $9.44, for a total value of $28,320.00. Following the completion of the sale, the chief technology officer directly owned 577,879 shares in the company, valued at $5,455,177.76. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, March 6th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.34, for a total value of $31,020.00.
• On Friday, February 13th, Kuanling Amy Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $7.31, for a total value of $87,720.00.
• On Friday, January 16th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total value of $34,440.00.
• On Friday, January 2nd, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.95, for a total value of $38,850.00.

MediaAlpha Stock Down 5.3%

Shares of MAX stock opened at $9.08 on Friday. The firm has a market capitalization of $585.72 million, a price-to-earnings ratio of 23.29 and a beta of 1.30. The stock has a fifty day moving average of $9.46 and a 200 day moving average of $11.25. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $13.92.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings data on Monday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.25. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The business had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. During the same period in the previous year, the firm earned $0.08 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAX. Weiss Ratings upgraded MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. The Goldman Sachs Group lowered their target price on MediaAlpha from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Royal Bank Of Canada dropped their price target on MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on MediaAlpha from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, MediaAlpha has an average rating of “Moderate Buy” and an average price target of $14.58.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in shares of MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after acquiring an additional 2,777 shares in the last quarter. Pacer Advisors Inc. lifted its position in MediaAlpha by 6.7% in the 4th quarter. Pacer Advisors Inc. now owns 263,024 shares of the company’s stock valued at $3,406,000 after acquiring an additional 16,597 shares in the last quarter. Invesco Ltd. lifted its position in MediaAlpha by 32.1% in the 4th quarter. Invesco Ltd. now owns 26,024 shares of the company’s stock valued at $337,000 after acquiring an additional 6,319 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in MediaAlpha by 32.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,960 shares of the company’s stock valued at $220,000 after purchasing an additional 4,120 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in MediaAlpha during the 4th quarter valued at $167,000. 64.39% of the stock is owned by hedge funds and other institutional investors.

About MediaAlpha

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company’s platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.