Kuanling Amy Yeh Sells 3,000 Shares of MediaAlpha (NYSE:MAX) Stock

Key Points

• MediaAlpha CTO Kuanling Amy Yeh sold 3,000 shares at an average price of $12.00, worth $36,000, reducing her holdings by 0.54% to 549,091 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax obligations from vested equity awards.
• MediaAlpha shares recently traded at $11.53, with a market capitalization of approximately $706 million. The company reported quarterly EPS of $0.65, well above the $0.23 consensus estimate, while revenue reached $316.88 million.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $14.29. Institutional investors own approximately 64.39% of the company’s shares.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Yeh sold 3,000 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $12.00, for a total value of $36,000.00. Following the completion of the sale, the chief technology officer owned 549,091 shares of the company's stock, valued at $6,589,092. The trade was a 0.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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.

Kuanling Amy Yeh also recently made the following trade(s):

• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The shares were sold at an average price of $13.55, for a total value of $162,600.00.
• On Friday, June 26th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.16, for a total transaction of $33,480.00.

MediaAlpha Stock Performance

Shares of NYSE MAX traded down $0.24 during mid-day trading on Wednesday, hitting $11.53. The stock had a trading volume of 831,253 shares, compared to its average volume of 764,627. MediaAlpha, Inc. has a 1 year low of $7.09 and a 1 year high of $14.70. The business has a 50 day moving average price of $13.13 and a two-hundred day moving average price of $10.76. The firm has a market cap of $706.44 million, a P/E ratio of 7.12 and a beta of 1.16.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating 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 net margin of 7.94% and a negative return on equity of 301.42%. Equities research analysts predict that MediaAlpha, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MAX has been the subject of a number of recent analyst reports. Weiss Ratings raised MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, September 1st. Royal Bank Of Canada lifted their price objective on MediaAlpha from $11.00 to $15.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. TD Cowen reduced their target price on MediaAlpha from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Tuesday, June 23rd. Capital One Financial set a $11.00 target price on MediaAlpha in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded MediaAlpha from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.29.

Institutional Trading of MediaAlpha

Large investors have recently bought and sold shares of the company. Triad Investment Management raised its position in shares of MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company's stock worth $4,635,000 after acquiring an additional 34,867 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of MediaAlpha by 8.7% in the 2nd 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 period. Corient Private Wealth LP boosted its position in shares of MediaAlpha by 50.7% during the second quarter. Corient Private Wealth LP now owns 23,451 shares of the company's stock valued at $295,000 after purchasing an additional 7,892 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of MediaAlpha by 1,101.7% during the second quarter. California State Teachers Retirement System now owns 303,452 shares of the company's stock valued at $3,814,000 after purchasing an additional 278,200 shares in the last quarter. Finally, AXQ Capital LP purchased a new stake in MediaAlpha in the second quarter worth $316,000. 64.39% of the stock is owned by institutional investors.

MediaAlpha Company Profile

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company's platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.

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