MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 138,806 Shares of Company Stock

Key Points

• MediaAlpha insider Steven Yi sold 138,806 shares for about $2.05 million at an average price of $14.78, leaving him with 2,174,901 shares. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
• MediaAlpha reported third-quarter EPS of $0.46, beating the $0.28 consensus, and revenue of $375.95 million versus expectations of $347.93 million. The company cited broadening insurance demand and growth opportunities in home insurance and AI-supported marketplace tools.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $14.71; shares traded at $15.02 in the article. Recent analyst actions were mixed, including price-target increases from two firms and downgrades from others.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 138,806 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $14.78, for a total transaction of $2,051,552.68. Following the transaction, the insider owned 2,174,901 shares of the company's stock, valued at approximately $32,145,036.78. This represents a 6.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.

Steven Yi also recently made the following trade(s):

• On Wednesday, November 4th, Steven Yi sold 151,129 shares of MediaAlpha stock. The stock was sold at an average price of $15.50, for a total value of $2,342,499.50.
• On Tuesday, November 3rd, Steven Yi sold 130,065 shares of MediaAlpha stock. The shares were sold at an average price of $15.05, for a total value of $1,957,478.25.
• On Friday, October 9th, Steven Yi sold 2,033 shares of MediaAlpha stock. The shares were sold at an average price of $11.01, for a total value of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The shares were sold at an average price of $10.04, for a total value of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.38, for a total value of $594,240.00.

MediaAlpha Price Performance

Shares of MediaAlpha stock traded down $0.13 during trading on Wednesday, reaching $15.02. 2,336,871 shares of the company's stock were exchanged, compared to its average volume of 1,167,518. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. MediaAlpha, Inc. has a 1-year low of $7.09 and a 1-year high of $15.99. The company has a market cap of $920.00 million, a P/E ratio of 8.25 and a beta of 1.12. The firm's 50-day moving average price is $11.36 and its 200 day moving average price is $10.69.

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

Analyst Ratings Changes

A number of research analysts have recently commented on MAX shares. Weiss Ratings raised shares of MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Wall Street Zen downgraded shares of MediaAlpha from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Zacks Research downgraded shares of MediaAlpha from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 21st. Keefe, Bruyette & Woods raised their target price on shares of MediaAlpha from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada upped their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, October 29th. One equities 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.71.

Key Stories Impacting MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

Institutional Investors Weigh In On MediaAlpha

Hedge funds have recently added to or reduced their stakes in the business. 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 worth $452,000 after acquiring an additional 1,846 shares during the last quarter. Covestor Ltd raised its stake in shares of MediaAlpha by 21.2% during the third quarter. Covestor Ltd now owns 5,788 shares of the company's stock valued at $56,000 after acquiring an additional 1,011 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of MediaAlpha during the third quarter valued at $248,000. State of Wyoming acquired a new position in shares of MediaAlpha during the third quarter worth $109,000. Finally, Triad Investment Management lifted its holdings in shares of 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 purchasing an additional 34,867 shares during the period. 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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