MediaAlpha (NYSE:MAX) CTO Sells 25,000 Shares of Company Stock

Key Points

• MediaAlpha CTO Kuanling Yeh sold 25,000 shares at an average price of $14.91, for total proceeds of $372,750.
• After the sale, Yeh directly owned 493,091 shares, a 4.83% reduction in her position; she had also sold 25,000 shares on October 30.
• MediaAlpha’s latest quarterly results beat estimates, with EPS of $0.46 versus $0.28 expected and revenue of $375.95 million versus $347.93 million expected. Analysts’ average rating was “Moderate Buy,” with an average price target of $14.71.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Yeh sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $14.91, for a total value of $372,750.00. Following the sale, the chief technology officer directly owned 493,091 shares of the company's stock, valued at $7,351,986.81. This represents a 4.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were 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 stock was 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 stock was sold at an average price of $12.00, for a total transaction of $36,000.00.
• 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 transaction of $162,600.00.

MediaAlpha Trading Up 2.5%

Shares of NYSE:MAX traded up $0.37 during mid-day trading on Tuesday, hitting $15.15. The company had a trading volume of 1,400,998 shares, compared to its average volume of 1,144,826. 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, Inc. has a one year low of $7.09 and a one year high of $15.22. The firm has a fifty day moving average price of $11.31 and a 200 day moving average price of $10.67. The company has a market capitalization of $927.91 million, a PE ratio of 8.12 and a beta of 1.12.

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

Analyst Ratings Changes

A number of brokerages recently commented on MAX. Zacks Research lowered MediaAlpha from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 21st. Weiss Ratings raised MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group raised their price objective on MediaAlpha from $10.50 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, October 29th. Royal Bank Of Canada boosted their price objective on MediaAlpha from $15.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. upped their target price on MediaAlpha from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, October 29th. One investment 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $14.71.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Covestor Ltd lifted its position in MediaAlpha by 21.2% in the 3rd quarter. Covestor Ltd now owns 5,788 shares of the company's stock valued at $56,000 after acquiring an additional 1,011 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in MediaAlpha by 9,917.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company's stock worth $36,000 after purchasing an additional 2,777 shares in the last quarter. SG Americas Securities LLC increased its holdings in MediaAlpha by 23.2% during the 1st quarter. SG Americas Securities LLC now owns 19,473 shares of the company's stock worth $181,000 after purchasing an additional 3,668 shares in the last quarter. State of Wyoming raised its stake in shares of MediaAlpha by 10.7% in the first quarter. State of Wyoming now owns 43,001 shares of the company's stock worth $400,000 after purchasing an additional 4,169 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of MediaAlpha by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 47,885 shares of the company's stock worth $435,000 after purchasing an additional 4,935 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

MediaAlpha Company Profile

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company's platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.

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