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

Key Points

• Director Eugene Nonko sold 7,273 MediaAlpha shares at an average price of $11.63, generating $84,584.99. The sale occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, reducing his stake by 0.89%.
• MediaAlpha shares closed at $11.52, giving the company a market capitalization of approximately $705 million. The stock has traded between $7.09 and $14.70 over the past year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $13.79. The company also recently exceeded quarterly earnings and revenue expectations.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 7,273 shares of the business's stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $11.63, for a total transaction of $84,584.99. Following the completion of the sale, the director directly owned 812,730 shares of the company's stock, valued at approximately $9,452,049.90. The trade was a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, 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, October 21st, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.63, for a total transaction of $22,562.20.
• On Monday, October 19th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.39, for a total transaction of $82,839.47.
• On Monday, October 19th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The stock was sold at an average price of $11.39, for a total transaction of $22,096.60.
• On Wednesday, October 14th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.37, for a total value of $69,136.79.
• On Wednesday, October 14th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The shares were sold at an average price of $10.41, for a total value of $11,107.47.
• On Monday, October 12th, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The shares were sold at an average price of $10.15, for a total value of $67,670.05.
• On Monday, October 12th, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.14, for a total value of $10,819.38.
• On Monday, September 21st, Eugene Nonko sold 6,667 shares of MediaAlpha stock. The stock was sold at an average price of $10.53, for a total value of $70,203.51.
• On Monday, September 21st, Eugene Nonko sold 1,067 shares of MediaAlpha stock. The stock was sold at an average price of $10.54, for a total transaction of $11,246.18.
• On Tuesday, September 15th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.49, for a total transaction of $83,566.77.

MediaAlpha Stock Performance

Shares of MediaAlpha stock traded down $0.28 on Wednesday, reaching $11.52. 558,510 shares of the stock were exchanged, compared to its average volume of 1,006,981. The firm has a market cap of $705.41 million, a PE ratio of 7.11 and a beta of 1.14. The firm's 50 day moving average is $11.32 and its 200-day moving average is $10.98. MediaAlpha, Inc. has a one year low of $7.09 and a one year high of $14.70.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $300.87 million. On average, equities research analysts expect that MediaAlpha, Inc. will post 1.40 EPS for the current fiscal year.

Institutional Trading of MediaAlpha

A number of large investors have recently bought and sold shares of MAX. Triad Investment Management raised its position in shares of MediaAlpha by 10.4% in the 2nd quarter. Triad Investment Management now owns 368,731 shares of the company's stock worth $4,635,000 after acquiring an additional 34,867 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of MediaAlpha by 8.7% during the 2nd quarter. Squarepoint Ops LLC now owns 234,255 shares of the company's stock valued at $2,945,000 after purchasing an additional 18,714 shares in the last quarter. Corient Private Wealth LP boosted its position in shares of MediaAlpha by 50.7% during the 2nd quarter. Corient Private Wealth LP now owns 23,451 shares of the company's stock valued at $295,000 after purchasing an additional 7,892 shares in the last quarter. AXQ Capital LP acquired a new stake in MediaAlpha during the second quarter worth approximately $316,000. Finally, Globeflex Capital L P acquired a new stake in MediaAlpha during the second quarter worth approximately $702,000. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MAX shares. Canaccord Genuity Group lifted their price target on shares of MediaAlpha from $15.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Zacks Research upgraded shares of MediaAlpha from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 22nd. TD Cowen reduced their price objective on MediaAlpha from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Tuesday, June 23rd. Royal Bank Of Canada lifted their price target on MediaAlpha from $11.00 to $15.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised MediaAlpha from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.79.

MediaAlpha Company Profile

MediaAlpha, Inc NYSE: MAX operates a technology platform designed to help insurance companies and distributors acquire customers through digital channels. Its platform connects consumers who are shopping for insurance with providers and other distribution partners, using data, analytics and automated transactions to facilitate customer acquisition.

The company's services primarily support insurance shopping and marketing across categories such as auto, home, health and life insurance.

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