MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 8,205 Shares of Stock

Key Points

• MediaAlpha director Eugene Nonko sold 8,205 shares at an average price of $12.99, generating $106,582.95. The sale, conducted under a Rule 10b5-1 plan, covered tax withholding tied to vested equity awards; Nonko retained 951,344 shares.
• MediaAlpha shares recently traded at $12.61, with the stock valued at approximately $772.5 million. The company posted quarterly EPS of $0.65 and revenue of $316.9 million, exceeding analyst expectations.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $14.29, while institutional investors own 64.39% of the company.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 8,205 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $12.99, for a total transaction of $106,582.95. Following the transaction, the director owned 951,344 shares in the company, valued at $12,357,958.56. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Wednesday, August 26th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.55, for a total transaction of $97,613.90.
• On Wednesday, August 26th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.56, for a total transaction of $33,497.52.
• On Monday, August 24th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.99, for a total transaction of $42,633.18.
• On Wednesday, August 19th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $13.23, for a total transaction of $108,552.15.
• On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.20, for a total value of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total value of $104,859.90.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.82, for a total value of $42,075.24.
• On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.78, for a total value of $104,859.90.
• On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.89, for a total value of $42,304.98.
• On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.57, for a total value of $111,341.85.

MediaAlpha Price Performance

Shares of NYSE:MAX traded down $0.24 during trading on Wednesday, reaching $12.61. 696,753 shares of the stock were exchanged, compared to its average volume of 778,435. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $14.70. The stock has a fifty day moving average of $12.85 and a two-hundred day moving average of $10.45. The firm has a market cap of $772.49 million, a price-to-earnings ratio of 7.78 and a beta of 1.11.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.42. MediaAlpha had a net margin of 7.94% and a negative return on equity of 301.42%. The business had revenue of $316.88 million during the quarter, compared to the consensus estimate of $300.87 million. Sell-side analysts forecast that MediaAlpha, Inc. will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

MAX has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of MediaAlpha in a report on Monday. They issued a "neutral" rating and a $15.00 target price on the stock. Texas Capital raised MediaAlpha to a "strong-buy" rating in a report on Tuesday, June 9th. Keefe, Bruyette & Woods increased their price objective on MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. The Goldman Sachs Group raised their target price on MediaAlpha from $10.00 to $14.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price target on MediaAlpha from $11.00 to $15.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.29.

Hedge Funds Weigh In On MediaAlpha

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its position in MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company's stock worth $28,000 after purchasing an additional 2,124 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company's stock valued at $36,000 after buying an additional 2,777 shares during the period. Quarry LP increased its holdings in MediaAlpha by 43.3% during the third quarter. Quarry LP now owns 4,087 shares of the company's stock worth $47,000 after buying an additional 1,234 shares during the last quarter. Strs Ohio bought a new stake in MediaAlpha in the fourth quarter worth about $49,000. Finally, Tower Research Capital LLC TRC raised its position in MediaAlpha by 28.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company's stock worth $61,000 after acquiring an additional 1,213 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source