MediaAlpha (NYSE:MAX) Insider Steven Yi Sells 151,129 Shares of Company Stock

Key Points

• Steven Yi sold 151,129 MediaAlpha shares at an average $15.50, worth about $2.34 million, leaving him with 1,893,707 shares.
• The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards; Yi also sold shares on November 2 and 3.
• MediaAlpha’s third-quarter results beat expectations, reporting EPS of $0.46 versus the $0.28 consensus and revenue of $375.95 million versus $347.93 million.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) insider Steven Yi sold 151,129 shares of the firm's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $15.50, for a total transaction of $2,342,499.50. Following the transaction, the insider directly owned 1,893,707 shares in the company, valued at $29,352,458.50. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Tuesday, November 3rd, Steven Yi sold 130,065 shares of MediaAlpha stock. The stock was sold at an average price of $15.05, for a total transaction of $1,957,478.25.
• On Monday, November 2nd, Steven Yi sold 138,806 shares of MediaAlpha stock. The shares were sold at an average price of $14.78, for a total transaction of $2,051,552.68.
• 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 transaction of $22,383.33.
• On Thursday, October 8th, Steven Yi sold 24,000 shares of MediaAlpha stock. The stock was sold at an average price of $10.04, for a total transaction of $240,960.00.
• On Tuesday, September 1st, Steven Yi sold 48,000 shares of MediaAlpha stock. The stock was sold at an average price of $12.38, for a total value of $594,240.00.

MediaAlpha Stock Performance

Shares of MAX stock traded down $0.13 during trading on Wednesday, hitting $15.02. The company's stock had a trading volume of 2,336,871 shares, compared to its average volume of 1,167,518. The company has a market cap of $920.00 million, a PE ratio of 8.25 and a beta of 1.12. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 8.49. The business has a fifty day moving average of $11.36 and a 200-day moving average of $10.69. MediaAlpha, Inc. has a 52 week low of $7.09 and a 52 week high of $15.99.

MediaAlpha (NYSE:MAX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.18. The company 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 Upgrades and Downgrades

Several brokerages have recently issued reports on MAX. Keefe, Bruyette & Woods raised their target price on MediaAlpha from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Zacks Research downgraded shares of MediaAlpha from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 21st. 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 lowered shares of MediaAlpha from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. raised their price objective on shares of MediaAlpha from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, October 29th. One equities 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. Based on data from MarketBeat.com, MediaAlpha presently has an average rating of "Moderate Buy" and an average price target of $14.71.

MediaAlpha News Summary

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 and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in MediaAlpha by 24.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,061,981 shares of the company's stock valued at $9,876,000 after purchasing an additional 206,077 shares during the last quarter. Jacobs Asset Management LLC boosted its position in MediaAlpha by 31.1% during the first quarter. Jacobs Asset Management LLC now owns 924,443 shares of the company's stock worth $8,597,000 after purchasing an additional 219,144 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of MediaAlpha by 94.1% in the first quarter. Dimensional Fund Advisors LP now owns 620,669 shares of the company's stock worth $5,773,000 after purchasing an additional 300,871 shares in the last quarter. Triad Investment Management increased its stake in shares of MediaAlpha by 10.4% in 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of MediaAlpha by 380.9% in the first quarter. Bank of America Corp DE now owns 279,704 shares of the company's stock worth $2,601,000 after purchasing an additional 221,540 shares in the last quarter. 64.39% of the stock is currently owned by institutional investors.

About MediaAlpha

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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