Nuveen LLC Invests $4.68 Million in MediaAlpha, Inc. $MAX

Key Points

• Nuveen LLC acquired a new stake in MediaAlpha, Inc. valued at approximately $4.675 million, owning 0.75% of the company as of its latest SEC filing.
• MediaAlpha reported a quarterly earnings per share of $0.17, exceeding analysts' expectations and showing a 41.1% increase in revenue compared to the same quarter last year.
• Recently, several institutions, including GAMMA Investing LLC, significantly increased their stake in MediaAlpha, indicating strong institutional interest in the company.

Nuveen LLC acquired a new position in shares of MediaAlpha, Inc. (NYSE:MAX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 505,907 shares of the company's stock, valued at approximately $4,675,000. Nuveen LLC owned about 0.75% of MediaAlpha as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MAX. Swiss National Bank raised its position in MediaAlpha by 8.3% in the first quarter. Swiss National Bank now owns 69,400 shares of the company's stock valued at $641,000 after purchasing an additional 5,300 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of MediaAlpha by 80.6% during the first quarter. Deutsche Bank AG now owns 180,691 shares of the company's stock worth $1,670,000 after purchasing an additional 80,620 shares during the last quarter. Blair William & Co. IL increased its stake in shares of MediaAlpha by 20.9% in the first quarter. Blair William & Co. IL now owns 64,137 shares of the company's stock valued at $593,000 after buying an additional 11,071 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in MediaAlpha in the 1st quarter valued at approximately $155,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in MediaAlpha by 148.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 26,288 shares of the company's stock valued at $243,000 after buying an additional 15,705 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company's stock.

MediaAlpha Trading Up 2.8%

MAX stock traded up $0.29 during trading on Monday, reaching $10.57. 292,127 shares of the stock were exchanged, compared to its average volume of 545,743. The firm's 50 day moving average is $10.43 and its 200 day moving average is $9.90. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $20.91. The firm has a market cap of $717.92 million, a P/E ratio of -88.05 and a beta of 1.19.

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

Insider Buying and Selling at MediaAlpha

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

Wall Street Analyst Weigh In

MAX has been the topic of a number of research reports. Wall Street Zen lowered shares of MediaAlpha from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada cut 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. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $17.92.

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.