Insider Selling: MediaAlpha (NYSE:MAX) Director Sells $133,431.24 in Stock

Key Points

• MediaAlpha Director Eugene Nonko sold 9,524 shares for $133,431 at an average price of $14.01, reducing his holdings by 2.08% to 448,904 shares. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• MediaAlpha’s latest quarterly results beat expectations: EPS was $0.46 versus a $0.28 consensus, while revenue reached $375.95 million against a $347.93 million estimate.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $14.71; shares traded at $14.79 in the article.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 9,524 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $14.01, for a total transaction of $133,431.24. Following the completion of the sale, the director owned 448,904 shares of the company's stock, valued at approximately $6,289,145.04. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.

Eugene Nonko also recently made the following trade(s):

• On Wednesday, November 11th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The stock was sold at an average price of $14.25, for a total transaction of $135,717.00.
• On Wednesday, November 11th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The stock was sold at an average price of $14.20, for a total value of $70,318.40.
• On Monday, November 9th, Eugene Nonko sold 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.07, for a total value of $69,674.64.
• On Wednesday, November 4th, Eugene Nonko sold 93,279 shares of MediaAlpha stock. The stock was sold at an average price of $15.36, for a total value of $1,432,765.44.
• On Wednesday, November 4th, Eugene Nonko sold 5,667 shares of MediaAlpha stock. The stock was sold at an average price of $15.25, for a total value of $86,421.75.
• On Tuesday, November 3rd, Eugene Nonko sold 160,185 shares of MediaAlpha stock. The stock was sold at an average price of $15.04, for a total value of $2,409,182.40.
• On Tuesday, November 3rd, Eugene Nonko sold 15,022 shares of MediaAlpha stock. The shares were sold at an average price of $14.93, for a total value of $224,278.46.
• On Monday, November 2nd, Eugene Nonko sold 78,009 shares of MediaAlpha stock. The shares were sold at an average price of $14.72, for a total value of $1,148,292.48.
• On Monday, November 2nd, Eugene Nonko sold 109,401 shares of MediaAlpha stock. The shares were sold at an average price of $14.79, for a total value of $1,618,040.79.
• On Wednesday, October 28th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.63, for a total value of $84,584.99.

MediaAlpha Stock Down 1.2%

NYSE MAX traded down $0.18 during trading on Thursday, hitting $14.79. The company's stock had a trading volume of 671,739 shares, compared to its average volume of 1,257,972. MediaAlpha, Inc. has a fifty-two week low of $7.09 and a fifty-two week high of $15.99. The company has a market cap of $875.18 million, a PE ratio of 8.12 and a beta of 1.12. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32. The business's 50 day simple moving average is $11.58 and its 200-day simple moving average is $10.79.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.18. The firm had revenue of $375.95 million for the quarter, compared to the consensus estimate of $347.93 million. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. On average, equities analysts anticipate that MediaAlpha, Inc. will post 1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MAX. First Trust Advisors LP acquired a new stake in shares of MediaAlpha during the third quarter worth about $1,306,000. Russell Investments Group Ltd. boosted its position in MediaAlpha by 51.8% in the third quarter. Russell Investments Group Ltd. now owns 197,860 shares of the company's stock valued at $1,872,000 after buying an additional 67,500 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in MediaAlpha by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company's stock valued at $452,000 after buying an additional 1,846 shares during the last quarter. Covestor Ltd increased its holdings in MediaAlpha by 21.2% in the 3rd quarter. Covestor Ltd now owns 5,788 shares of the company's stock worth $56,000 after buying an additional 1,011 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in MediaAlpha in the 3rd quarter worth approximately $248,000. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAX has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of MediaAlpha from $10.50 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, October 29th. Royal Bank Of Canada lifted their price objective on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, October 29th. Canaccord Genuity Group boosted their price objective on shares of MediaAlpha from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Weiss Ratings raised MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on MediaAlpha from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, MediaAlpha has a consensus rating of "Moderate Buy" and an average price target of $14.71.

About MediaAlpha

MediaAlpha operates a technology platform that connects consumers shopping for insurance with insurance carriers and distributors. Its marketplace uses consumer-intent data and real-time bidding to help match shoppers with relevant insurance products and providers. The company focuses on insurance categories including auto, home, health and life. Its platform serves carriers, agents, brokers and other insurance distributors, with its business primarily centered on the U.S. market. MediaAlpha became an independent company in 2014 after operating within White Mountains Insurance Group.

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