Insider Selling: MediaAlpha (NYSE:MAX) Director Sells $93,024.88 in Stock

Key Points

• MediaAlpha director Eugene Nonko sold 7,778 shares at an average price of $11.96, generating $93,024.88. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards, leaving him with 882,430 shares.
• MediaAlpha shares fell $0.44 to $11.01, with the stock trading between a 52-week low of $7.09 and high of $14.70. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.65 in EPS and $316.88 million in revenue.
• 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 company.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 7,778 shares of the business's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $11.96, for a total transaction of $93,024.88. Following the sale, the director directly owned 882,430 shares in the company, valued at $10,553,862.80. The trade was a 0.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.49, for a total transaction of $83,566.77.
• On Tuesday, September 15th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.48, for a total value of $22,271.20.
• 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 shares were 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 stock was sold at an average price of $11.70, for a total value 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 shares were sold at an average price of $12.24, for a total value 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 value of $32,590.74.
• On Monday, August 31st, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.61, for a total value of $98,080.58.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded down $0.44 during trading hours on Wednesday, reaching $11.01. The stock had a trading volume of 664,522 shares, compared to its average volume of 763,519. The firm's 50 day moving average is $12.94 and its 200-day moving average is $10.88. The stock has a market capitalization of $674.66 million, a price-to-earnings ratio of 6.80 and a beta of 1.16. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70.

MediaAlpha (NYSE:MAX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Analysts forecast that MediaAlpha, Inc. will post 1.28 EPS for the current year.

Institutional Investors Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently bought and sold shares of the business. Triad Investment Management boosted its holdings in MediaAlpha by 10.4% during the second quarter. Triad Investment Management now owns 368,731 shares of the company's stock worth $4,635,000 after buying an additional 34,867 shares in the last quarter. Squarepoint Ops LLC grew its holdings in MediaAlpha by 8.7% in the second quarter. Squarepoint Ops LLC now owns 234,255 shares of the company's stock valued at $2,945,000 after purchasing an additional 18,714 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of MediaAlpha by 50.7% during the 2nd quarter. Corient Private Wealth LP now owns 23,451 shares of the company's stock worth $295,000 after buying an additional 7,892 shares during the last quarter. AXQ Capital LP acquired a new stake in MediaAlpha in the 2nd quarter valued at about $316,000. Finally, Globeflex Capital L P purchased a new position in MediaAlpha during the 2nd quarter valued at about $702,000. Institutional investors and hedge funds own 64.39% of the company's stock.

Wall Street Analysts Forecast Growth

MAX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. began coverage on MediaAlpha in a research report on Monday, August 24th. They set a "neutral" rating and a $15.00 target price on the stock. Capital One Financial set a $11.00 price target on MediaAlpha in a research report on Tuesday, June 9th. Canaccord Genuity Group increased their price objective on MediaAlpha from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of MediaAlpha from $11.00 to $15.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, MediaAlpha 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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