MediaAlpha (NYSE:MAX) CTO Sells $27,750.00 in Stock

MediaAlpha, Inc. (NYSE:MAX) CTO Kuanling Amy Yeh sold 3,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $9.25, for a total value of $27,750.00. Following the sale, the chief technology officer owned 574,879 shares in the company, valued at approximately $5,317,630.75. This represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.

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

• On Friday, March 27th, Kuanling Amy Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.44, for a total value of $28,320.00.
• 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 stock was sold at an average price of $11.48, for a total value of $34,440.00.

MediaAlpha Price Performance

NYSE:MAX opened at $9.07 on Monday. The company has a market cap of $584.76 million, a P/E ratio of 23.25 and a beta of 1.39. The stock’s fifty day moving average price is $9.16 and its two-hundred day moving average price is $11.00. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $13.92.

MediaAlpha (NYSE:MAX) last posted its earnings results on Monday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.25. The firm had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. MediaAlpha had a negative return on equity of 132.73% and a net margin of 2.30%.The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 earnings per share. On average, analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAX has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on MediaAlpha from $15.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods decreased their price target on shares of MediaAlpha from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings raised shares of MediaAlpha from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Royal Bank Of Canada decreased their price target on shares of MediaAlpha from $18.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group decreased their price target on shares of MediaAlpha from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, MediaAlpha currently has an average rating of “Moderate Buy” and an average price target of $12.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock worth $28,000 after purchasing an additional 2,124 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of MediaAlpha by 9,917.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after purchasing an additional 2,777 shares during the period. Strs Ohio bought a new position in MediaAlpha in the fourth quarter valued at $49,000. Quarry LP increased its stake in MediaAlpha by 43.3% in the third quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after acquiring an additional 1,234 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after acquiring an additional 1,213 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

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.