AlphaQuest LLC Has $482,000 Stock Position in MediaAlpha, Inc. $MAX

Key Points

• AlphaQuest LLC significantly increased its stake in MediaAlpha, Inc. by 2,113.8%, acquiring a total of 52,156 shares worth approximately $482,000.
• Director Kathy P. Vrabeck purchased 31,000 shares of MediaAlpha stock, increasing her position by 31.42%, while the Chief Revenue Officer sold 20,000 shares in a separate transaction.
• MediaAlpha's stock price opened at $10.21, with the company reporting a 41.1% year-over-year increase in revenue during its latest quarterly earnings report.

AlphaQuest LLC increased its stake in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) by 2,113.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,156 shares of the company's stock after acquiring an additional 49,800 shares during the quarter. AlphaQuest LLC owned about 0.08% of MediaAlpha worth $482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in MediaAlpha by 8,775.8% in the 1st quarter. GAMMA Investing LLC now owns 2,929 shares of the company's stock valued at $27,000 after buying an additional 2,896 shares during the period. Virtus Fund Advisers LLC bought a new stake in MediaAlpha in the 4th quarter valued at $35,000. Quarry LP increased its holdings in MediaAlpha by 107.1% in the 4th quarter. Quarry LP now owns 5,841 shares of the company's stock valued at $66,000 after buying an additional 3,021 shares during the period. Arizona State Retirement System bought a new stake in MediaAlpha in the 1st quarter valued at $95,000. Finally, Wells Fargo & Company MN increased its holdings in MediaAlpha by 42.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,409 shares of the company's stock valued at $163,000 after buying an additional 4,264 shares during the period. Institutional investors own 64.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAX. Royal Bank Of Canada lowered their price target on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen lowered shares of MediaAlpha from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, MediaAlpha presently has an average rating of "Buy" and an average price target of $17.92.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded up $0.29 on Monday, hitting $10.57. The stock had a trading volume of 292,127 shares, compared to its average volume of 545,743. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $20.91. The firm's 50 day moving average price is $10.43 and its 200-day moving average price is $9.90. The company has a market capitalization of $717.92 million, a price-to-earnings ratio of -88.05 and a beta of 1.19.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. MediaAlpha had a negative net margin of 0.61% and a negative return on equity of 62.53%. The company had revenue of $251.62 million for the quarter, compared to the consensus estimate of $248.80 million. During the same quarter in the previous year, the company earned $0.07 EPS. The firm's revenue for the quarter was up 41.1% compared to the same quarter last year. As a group, sell-side analysts predict that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at MediaAlpha

In other news, Director Kathy P. Vrabeck bought 31,000 shares of MediaAlpha stock in a transaction dated Tuesday, August 12th. The shares were bought at an average price of $9.60 per share, for a total transaction of $297,600.00. Following the purchase, the director owned 129,657 shares of the company's stock, valued at approximately $1,244,707.20. This trade represents a 31.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Keith Cramer sold 20,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $9.73, for a total transaction of $194,600.00. Following the completion of the sale, the executive owned 167,200 shares in the company, valued at $1,626,856. This represents a 10.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,669 shares of company stock worth $297,873 in the last 90 days. 11.53% of the stock is owned by corporate insiders.

MediaAlpha Company Profile

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.