Insider Selling: MediaAlpha (NYSE:MAX) Director Sells 9,524 Shares of Company Stock

Key Points

• MediaAlpha director Eugene Nonko sold 9,524 shares for $135,717 at an average price of $14.25, leaving him with 429,856 shares. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• MediaAlpha shares fell 1.2% to $14.79 in Thursday midday trading.
• The company’s latest quarter beat estimates, reporting adjusted earnings of $0.46 per share versus the $0.28 consensus and revenue of $375.95 million versus $347.93 million. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $14.71.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 9,524 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $14.25, for a total value of $135,717.00. Following the completion of the transaction, the director owned 429,856 shares in the company, valued at approximately $6,125,448. The trade was a 2.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 4,952 shares of MediaAlpha stock. The shares were sold at an average price of $14.20, for a total value of $70,318.40.
• On Monday, November 9th, Eugene Nonko sold 9,524 shares of MediaAlpha stock. The shares were sold at an average price of $14.01, for a total value of $133,431.24.
• 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 stock was 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 transaction 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 transaction of $1,618,040.79.
• On Wednesday, October 28th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $84,584.99.

MediaAlpha Stock Down 1.2%

MAX stock traded down $0.18 during midday trading on Thursday, reaching $14.79. 671,739 shares of the company's stock traded hands, compared to its average volume of 1,257,972. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 8.49. The firm's fifty day moving average price is $11.58 and its 200-day moving average price is $10.79. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $15.99. The company has a market cap of $875.18 million, a price-to-earnings ratio of 8.23 and a beta of 1.12.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAX. Bank of America Corp DE increased its stake in MediaAlpha by 380.9% in the 1st quarter. Bank of America Corp DE now owns 279,704 shares of the company's stock valued at $2,601,000 after buying an additional 221,540 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MediaAlpha by 94.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company's stock worth $5,773,000 after buying an additional 300,871 shares in the last quarter. Jacobs Asset Management LLC boosted its stake in shares of MediaAlpha by 31.1% in the 1st quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company's stock worth $8,597,000 after buying an additional 219,144 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of MediaAlpha in the 2nd quarter worth approximately $702,000. Finally, Principal Financial Group Inc. boosted its stake in shares of MediaAlpha by 288.7% in the 1st quarter. Principal Financial Group Inc. now owns 137,613 shares of the company's stock worth $1,280,000 after buying an additional 102,210 shares during the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on MAX shares. Canaccord Genuity Group increased their price objective on MediaAlpha from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. lifted 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. Wall Street Zen upgraded MediaAlpha from a "buy" rating to a "strong-buy" rating in a report on Sunday. Royal Bank Of Canada increased their price target on MediaAlpha from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, October 29th. Finally, Weiss Ratings raised MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, MediaAlpha has a consensus rating of "Moderate Buy" and an average target price of $14.71.

MediaAlpha Company Profile

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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