MediaAlpha (NYSE:MAX) Stock: Insider Kuanling Amy Yeh Sells 25,000 Shares

Key Points

• CTO Kuanling Amy Yeh sold 25,000 MediaAlpha shares at an average price of $14.47, receiving $361,750; afterward, she held 518,091 shares. The article also reports several other recent share sales by Yeh.
• MediaAlpha reported quarterly EPS of $0.46, beating the $0.28 analyst consensus, and revenue of $375.95 million versus expectations of $347.93 million.
• Analyst sentiment was mixed but leaned positive: MarketBeat listed a “Moderate Buy” consensus and a $14.71 average price target.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CTO Kuanling Yeh sold 25,000 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $14.47, for a total value of $361,750.00. Following the transaction, the chief technology officer owned 518,091 shares in the company, valued at $7,496,776.77. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Kuanling Amy Yeh also recently made the following trade(s):

• On Monday, November 2nd, Kuanling Yeh sold 25,000 shares of MediaAlpha stock. The shares were sold at an average price of $14.91, for a total value of $372,750.00.
• On Friday, October 16th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $11.77, for a total value of $35,310.00.
• On Friday, September 25th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.40, for a total value of $28,200.00.
• On Friday, September 4th, Kuanling Yeh sold 3,000 shares of MediaAlpha stock. The shares were sold at an average price of $12.00, for a total value of $36,000.00.
• On Friday, August 14th, Kuanling Yeh sold 12,000 shares of MediaAlpha stock. The stock was sold at an average price of $13.55, for a total transaction of $162,600.00.

MediaAlpha Price Performance

NYSE:MAX traded up $0.37 during trading hours on Tuesday, reaching $15.15. 1,400,998 shares of the company were exchanged, compared to its average volume of 1,144,826. 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 firm has a market cap of $927.91 million, a PE ratio of 8.32 and a beta of 1.12. MediaAlpha, Inc. has a twelve month low of $7.09 and a twelve month high of $15.22. The stock's 50-day moving average is $11.31 and its 200-day moving average is $10.67.

MediaAlpha (NYSE:MAX - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The business had revenue of $375.95 million during the quarter, compared to analysts' expectations of $347.93 million. On average, sell-side analysts anticipate that MediaAlpha, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of MediaAlpha

Large investors have recently bought and sold shares of the business. Covestor Ltd raised its holdings in MediaAlpha by 21.2% in the 3rd 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. acquired a new position in shares of MediaAlpha during the 3rd quarter worth approximately $248,000. State of Wyoming purchased a new stake in shares of MediaAlpha in the third quarter valued at approximately $109,000. Triad Investment Management grew its position in shares of MediaAlpha by 10.4% in the second quarter. Triad Investment Management now owns 368,731 shares of the company's stock valued at $4,635,000 after purchasing an additional 34,867 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings 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 purchasing an additional 18,714 shares during the last quarter. Hedge funds and other institutional investors own 64.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAX. Canaccord Genuity Group increased their target price on MediaAlpha from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Wall Street Zen lowered MediaAlpha from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Zacks Research cut MediaAlpha from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 21st. The Goldman Sachs Group increased their price objective on MediaAlpha from $10.50 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, October 29th. Finally, Weiss Ratings upgraded MediaAlpha from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, MediaAlpha presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.71.

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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