MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 7,273 Shares

Key Points

• Director Eugene Nonko sold 7,273 MediaAlpha shares for approximately $84,512 under a pre-arranged Rule 10b5-1 plan, primarily to cover tax withholding on vested equity awards. He retained 890,208 shares afterward.
• MediaAlpha shares rose 1.3% to $11.73, with a market capitalization of about $718 million. The company recently reported quarterly EPS of $0.65 and revenue of $316.88 million, exceeding analyst estimates.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $14.29; institutional investors own approximately 64.4% of the stock.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 7,273 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $11.62, for a total value of $84,512.26. Following the sale, the director directly owned 890,208 shares of the company's stock, valued at approximately $10,344,216.96. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 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 shares were sold at an average price of $11.70, for a total transaction 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 stock was sold at an average price of $12.24, for a total transaction of $95,202.72.
• On Wednesday, September 2nd, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were 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 shares were sold at an average price of $12.61, for a total transaction of $98,080.58.
• On Monday, August 31st, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.59, for a total transaction of $33,577.53.
• On Wednesday, August 26th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The shares were sold at an average price of $12.55, for a total value of $97,613.90.
• On Wednesday, August 26th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The stock was sold at an average price of $12.56, for a total value of $33,497.52.
• On Monday, August 24th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.99, for a total value of $106,582.95.

MediaAlpha Trading Up 1.3%

NYSE:MAX traded up $0.15 during mid-day trading on Thursday, hitting $11.73. The stock had a trading volume of 412,574 shares, compared to its average volume of 523,431. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $14.70. The stock has a market capitalization of $718.40 million, a price-to-earnings ratio of 7.24 and a beta of 1.16. The company has a 50 day simple moving average of $13.11 and a 200-day simple moving average of $10.79.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.42. The business had revenue of $316.88 million during the quarter, compared to analyst estimates of $300.87 million. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%. As a group, equities research analysts anticipate that MediaAlpha, Inc. will post 1.13 earnings per share for the current year.

Analyst Ratings Changes

MAX has been the topic of a number of research analyst reports. Zacks Research upgraded shares of MediaAlpha from a "strong sell" rating to a "hold" rating in a research note on Monday, August 24th. The Goldman Sachs Group upped their target price on MediaAlpha from $10.00 to $14.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Capital One Financial set a $11.00 price target on MediaAlpha in a research report on Tuesday, June 9th. TD Cowen cut their price objective on MediaAlpha from $13.00 to $11.00 and set a "hold" rating for the company in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. began coverage on MediaAlpha in a research note on Monday, August 24th. They set a "neutral" rating and a $15.00 target price for the company. One 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.29.

Hedge Funds Weigh In On MediaAlpha

Several institutional investors and hedge funds have recently modified their holdings of MAX. Triad Investment Management increased its position 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 during the last quarter. Squarepoint Ops LLC boosted its position in shares of 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 acquiring an additional 18,714 shares during the period. Corient Private Wealth LP increased its position in MediaAlpha by 50.7% during the second quarter. Corient Private Wealth LP now owns 23,451 shares of the company's stock worth $295,000 after acquiring an additional 7,892 shares during the period. California State Teachers Retirement System grew its position in MediaAlpha by 1,101.7% in the 2nd quarter. California State Teachers Retirement System now owns 303,452 shares of the company's stock worth $3,814,000 after purchasing an additional 278,200 shares during the last quarter. Finally, AXQ Capital LP bought a new position in shares of MediaAlpha during the 2nd quarter worth about $316,000. 64.39% of the stock is currently owned by hedge funds and other 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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