Insider Selling: MediaAlpha (NYSE:MAX) Director Sells $83,566.77 in Stock

Key Points

• MediaAlpha Director Eugene Nonko sold 7,273 shares for $83,566.77 at an average price of $11.49, reducing his position by 0.82% to 875,157 shares. The sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• MediaAlpha shares fell 3.8% to $11.01, while the company recently reported quarterly EPS of $0.65 and revenue of $316.88 million, exceeding analyst expectations.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $14.29; institutional investors own 64.39% of the stock.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 7,273 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $11.49, for a total value of $83,566.77. Following the sale, the director owned 875,157 shares in the company, valued at $10,055,553.93. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Tuesday, September 15th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.48, for a total value of $22,271.20.
• On Monday, September 14th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $11.96, for a total value of $93,024.88.
• On Monday, September 14th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.03, for a total value of $32,084.01.
• On Thursday, September 10th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.62, for a total value of $84,512.26.
• On Thursday, September 10th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.52, for a total value of $22,348.80.
• On Tuesday, September 8th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total transaction of $85,094.10.
• On Tuesday, September 8th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.70, for a total transaction of $22,698.00.
• On Wednesday, September 2nd, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.24, for a total transaction of $95,202.72.
• On Wednesday, September 2nd, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.22, for a total transaction of $32,590.74.
• On Monday, August 31st, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.61, for a total transaction of $98,080.58.

MediaAlpha Trading Down 3.8%

Shares of MediaAlpha stock traded down $0.44 during trading on Wednesday, hitting $11.01. 664,522 shares of the stock were exchanged, compared to its average volume of 763,519. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $14.70. The stock has a market capitalization of $674.66 million, a price-to-earnings ratio of 6.80 and a beta of 1.16. The company has a fifty day moving average price of $12.94 and a 200-day moving average price of $10.88.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to analysts' expectations of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. Equities research analysts forecast that MediaAlpha, Inc. will post 1.28 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in MediaAlpha by 9,917.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company's stock valued at $36,000 after buying an additional 2,777 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in MediaAlpha during the 1st quarter worth $85,000. Aaron Wealth Advisors LLC acquired a new stake in shares of MediaAlpha during the first quarter worth $95,000. Glenmede Trust Co. NA bought a new stake in shares of MediaAlpha in the first quarter valued at about $122,000. Finally, SG Americas Securities LLC boosted its position in shares of MediaAlpha by 23.2% in the first quarter. SG Americas Securities LLC now owns 19,473 shares of the company's stock valued at $181,000 after acquiring an additional 3,668 shares during the period. 64.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on MAX shares. JPMorgan Chase & Co. began coverage on MediaAlpha in a report on Monday, August 24th. They set a "neutral" rating and a $15.00 target price on the stock. Royal Bank Of Canada upped their price objective on shares of MediaAlpha from $11.00 to $15.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Zacks Research raised shares of MediaAlpha from a "strong sell" rating to a "hold" rating in a research report on Monday, August 24th. Capital One Financial set a $11.00 target price on shares of MediaAlpha in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised shares of MediaAlpha from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.29.

About MediaAlpha

MediaAlpha, Inc operates a technology platform that connects consumers seeking insurance and other financial products with providers seeking qualified customer leads. Its marketplace uses data, analytics and real-time bidding technology to help carriers, agencies and other distributors acquire customers across digital channels.

The company's platform primarily supports the marketing and distribution of insurance products, including property and casualty, health and life insurance. MediaAlpha provides tools for managing customer acquisition campaigns, matching consumer inquiries with relevant providers, and optimizing marketing performance across search, display and other online channels.

MediaAlpha was founded in 2014 and is headquartered in Los Angeles, California.

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