MediaAlpha, Inc. (NYSE:MAX) Director Acquires $297,600.00 in Stock

Key Points

• Kathy P. Vrabeck, a director at MediaAlpha, Inc. (NYSE:MAX), purchased 31,000 shares at an average price of $9.60, increasing her ownership by 31.42% and bringing her total shares to 129,657.
• MediaAlpha experienced a trading increase of 4.5%, with shares reaching $10.27 and a market cap of approximately $688.33 million.
• Recent earnings report showed a profit of $0.17 per share, exceeding estimates, with revenue increasing by 41.1% year-over-year to $251.62 million.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Kathy P. Vrabeck bought 31,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $9.60 per share, for a total transaction of $297,600.00. Following the acquisition, the director owned 129,657 shares of the company's stock, valued at $1,244,707.20. This trade represents a 31.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

MediaAlpha Price Performance

NYSE MAX traded up $0.16 during trading on Monday, reaching $10.15. The company's stock had a trading volume of 599,644 shares, compared to its average volume of 503,638. The firm has a fifty day moving average of $10.55 and a 200 day moving average of $10.04. MediaAlpha, Inc. has a one year low of $7.33 and a one year high of $20.91. The stock has a market capitalization of $689.25 million, a PE ratio of -84.53 and a beta of 1.19.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $248.80 million. During the same period in the previous year, the business earned $0.07 earnings per share. The firm's quarterly revenue was up 41.1% compared to the same quarter last year. Research analysts expect that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MAX shares. Keefe, Bruyette & Woods cut their target price on MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of MediaAlpha from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Royal Bank Of Canada reduced their price objective on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of MediaAlpha from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, MediaAlpha currently has an average rating of "Moderate Buy" and a consensus target price of $17.92.

Institutional Investors Weigh In On MediaAlpha

A number of large investors have recently added to or reduced their stakes in MAX. JPMorgan Chase & Co. lifted its holdings in MediaAlpha by 52.8% in the fourth quarter. JPMorgan Chase & Co. now owns 122,386 shares of the company's stock worth $1,382,000 after buying an additional 42,315 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MediaAlpha by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 698,703 shares of the company's stock valued at $7,890,000 after purchasing an additional 8,129 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of MediaAlpha by 42.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,409 shares of the company's stock valued at $163,000 after acquiring an additional 4,264 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of MediaAlpha by 418.3% during the fourth quarter. Russell Investments Group Ltd. now owns 49,625 shares of the company's stock valued at $557,000 after purchasing an additional 40,051 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of MediaAlpha by 87.7% during the fourth quarter. Renaissance Technologies LLC now owns 539,300 shares of the company's stock valued at $6,089,000 after purchasing an additional 252,000 shares during the last quarter. Institutional investors own 64.39% of the company's stock.

About MediaAlpha

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.