Keith Cramer Sells 4,916 Shares of MediaAlpha, Inc. (NYSE:MAX) Stock

Key Points

• Keith Cramer, CRO of MediaAlpha, Inc., sold a total of 29,669 shares of the company's stock on various dates, indicating a 2.50% decrease in his position.
• MediaAlpha reported $0.17 earnings per share for the last quarter, beating estimates, and its revenue increased by 41.1% year-over-year.
• Several analysts have adjusted their price targets for MediaAlpha, with JPMorgan raising it from $10.00 to $12.00, while maintaining an "overweight" rating.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CRO Keith Cramer sold 4,916 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.31, for a total transaction of $55,599.96. Following the completion of the sale, the executive directly owned 191,953 shares of the company's stock, valued at $2,170,988.43. The trade was a 2.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Keith Cramer also recently made the following trade(s):

• On Tuesday, August 12th, Keith Cramer sold 20,000 shares of MediaAlpha stock. The shares were sold at an average price of $9.73, for a total transaction of $194,600.00.
• On Monday, August 11th, Keith Cramer sold 4,753 shares of MediaAlpha stock. The shares were sold at an average price of $10.03, for a total transaction of $47,672.59.

MediaAlpha Stock Performance

Shares of NYSE:MAX traded up $0.25 during midday trading on Tuesday, reaching $9.81. 680,246 shares of the company's stock were exchanged, compared to its average volume of 465,802. MediaAlpha, Inc. has a 12 month low of $7.33 and a 12 month high of $20.91. The firm has a market capitalization of $657.43 million, a PE ratio of -81.73 and a beta of 1.19. The company's 50 day simple moving average is $10.56 and its two-hundred day simple moving average is $10.08.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. MediaAlpha had a negative net margin of 0.61% and a negative return on equity of 62.53%. The firm had revenue of $251.62 million during the quarter, compared to the consensus estimate of $248.80 million. During the same period last year, the firm posted $0.07 EPS. The firm's quarterly revenue was up 41.1% on a year-over-year basis. On average, research analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of MediaAlpha from a "buy" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group dropped their price target on shares of MediaAlpha from $14.00 to $12.50 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada lowered their target price on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, MediaAlpha presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.92.

Hedge Funds Weigh In On MediaAlpha

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of MediaAlpha in the second quarter worth about $153,000. Rhumbline Advisers raised its stake in shares of MediaAlpha by 34.4% during the second quarter. Rhumbline Advisers now owns 55,622 shares of the company's stock worth $609,000 after buying an additional 14,234 shares during the last quarter. Legal & General Group Plc raised its stake in shares of MediaAlpha by 29.3% during the second quarter. Legal & General Group Plc now owns 36,315 shares of the company's stock worth $398,000 after buying an additional 8,229 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of MediaAlpha by 67.4% during the second quarter. Hillsdale Investment Management Inc. now owns 359,200 shares of the company's stock worth $3,933,000 after buying an additional 144,600 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of MediaAlpha by 75.9% during the second quarter. JPMorgan Chase & Co. now owns 542,246 shares of the company's stock worth $5,938,000 after buying an additional 233,948 shares during the last quarter. 64.39% of the stock is owned by institutional investors.

MediaAlpha Company Profile

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.

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