MediaAlpha (NYSE:MAX) CTO Kuanling Amy Yeh Sells 12,000 Shares of Company Stock

Key Points

• MediaAlpha CTO Kuanling Amy Yeh sold 12,000 shares for $176,280, at an average price of $14.69. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• After the sale, Yeh directly owned 481,091 shares, worth about $7.07 million; the transaction reduced her position by 2.43%.
• MediaAlpha reported quarterly EPS of $0.46, beating the $0.28 analyst consensus, and revenue of $375.95 million, above expectations of $347.93 million.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Yeh sold 12,000 shares of the business's stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $14.69, for a total value of $176,280.00. Following the sale, the chief technology officer directly owned 481,091 shares of the company's stock, valued at $7,067,226.79. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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.

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

• On Monday, November 2nd, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The stock was sold at an average price of $14.91, for a total value of $372,750.00.
• On Friday, October 30th, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The stock was sold at an average price of $14.47, for a total value of $361,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.77, for a total value of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.40, for a total value of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.00, for a total value of $36,000.00.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded down $0.16 during mid-day trading on Friday, reaching $14.65. 558,792 shares of the company traded hands, compared to its average volume of 1,218,706. The company's 50 day moving average price is $11.63 and its 200-day moving average price is $10.81. The firm has a market cap of $867.13 million, a PE ratio of 8.14 and a beta of 1.12. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $15.99. The company has a debt-to-equity ratio of 8.49, a current ratio of 1.32 and a quick ratio of 1.32.

MediaAlpha (NYSE:MAX - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The company had revenue of $375.95 million for the quarter, compared to analysts' expectations of $347.93 million. On average, equities analysts expect that MediaAlpha, Inc. will post 1.47 EPS for the current fiscal year.

Key MediaAlpha News

These are some of the MAX news items that stood out recently:

• Positive Sentiment: MediaAlpha repurchased 1.13 million Class A shares from an affiliate of White Mountains Insurance Group for about $16 million. The buyback may support shareholder value by returning capital and reducing shares outstanding. MediaAlpha Announces $16 Million Private Stock Repurchase
• Neutral Sentiment: CTO Kuanling Yeh and Director Eugene Nonko reported share sales under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards. These sales are less indicative of a change in their outlook; both continue to own substantial stakes. SEC filing for CTO sale
• Neutral Sentiment: White Mountains’ affiliate sold 1.13 million shares, reducing its ownership by 9.15%, but retained more than 11.2 million shares. Because MediaAlpha bought the shares directly in its announced repurchase, the transaction’s potential selling-pressure effect is offset by the company’s buyback. SEC filing for major shareholder sale

Institutional Trading of MediaAlpha

A number of institutional investors and hedge funds have recently bought and sold shares of MAX. First Trust Advisors LP bought a new stake in shares of MediaAlpha in the third quarter worth about $1,306,000. Russell Investments Group Ltd. boosted its stake in MediaAlpha by 51.8% during 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 grew its holdings in MediaAlpha by 4.1% during the 3rd 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 in the last quarter. Covestor Ltd grew its holdings in MediaAlpha by 21.2% during the 3rd quarter. Covestor Ltd now owns 5,788 shares of the company's stock valued at $56,000 after buying an additional 1,011 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in MediaAlpha in the 3rd quarter worth approximately $248,000. 64.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of MediaAlpha from a "buy" rating to a "strong-buy" rating in a report on Sunday, November 8th. JPMorgan Chase & Co. raised their price target on MediaAlpha from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, October 29th. Canaccord Genuity Group boosted their price objective on MediaAlpha from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, October 29th. Zacks Research lowered MediaAlpha from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 21st. Finally, Weiss Ratings upgraded MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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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