MediaAlpha (NYSE:MAX) Director Sells $21,150.00 in Stock

Key Points

• MediaAlpha director Eugene Nonko sold 2,115 shares on March 9 at $10.00 each for $21,150 and has been selling heavily in recent weeks — including two March 2 transactions totaling over $1.08 million — but still directly owns 1,379,805 shares valued at about $13.8 million (a 0.15% decline).
• The company beat EPS last quarter (EPS $0.50 vs. $0.25 expected) but missed revenue ($291.16M vs. $296.42M), reported a 2.3% net margin and negative ROE, and its stock trades around $9.82 with a market cap of $633M and a consensus price target of $14.58 amid several lowered analyst targets.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) Director Eugene Nonko sold 2,115 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $10.00, for a total value of $21,150.00. Following the completion of the sale, the director directly owned 1,379,805 shares of the company's stock, valued at approximately $13,798,050. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eugene Nonko also recently made the following trade(s):

• On Monday, March 9th, Eugene Nonko sold 1,992 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total value of $19,920.00.
• On Tuesday, March 3rd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $10.05, for a total transaction of $67,335.00.
• On Tuesday, March 3rd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $10.05, for a total transaction of $54,270.00.
• On Monday, March 2nd, Eugene Nonko sold 59,202 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total transaction of $592,612.02.
• On Monday, March 2nd, Eugene Nonko sold 48,801 shares of MediaAlpha stock. The shares were sold at an average price of $10.01, for a total transaction of $488,498.01.
• On Wednesday, February 25th, Eugene Nonko sold 14,498 shares of MediaAlpha stock. The stock was sold at an average price of $10.00, for a total transaction of $144,980.00.
• On Wednesday, February 25th, Eugene Nonko sold 10,599 shares of MediaAlpha stock. The shares were sold at an average price of $10.00, for a total transaction of $105,990.00.
• On Monday, February 2nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The stock was sold at an average price of $10.36, for a total transaction of $69,412.00.
• On Monday, February 2nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.35, for a total value of $55,890.00.
• On Wednesday, January 28th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.57, for a total value of $70,819.00.

MediaAlpha Trading Up 1.3%

NYSE:MAX traded up $0.13 during mid-day trading on Wednesday, reaching $9.82. The company's stock had a trading volume of 626,270 shares, compared to its average volume of 1,237,308. The stock has a market cap of $633.33 million, a P/E ratio of 25.18 and a beta of 1.30. The firm's fifty day moving average price is $9.97 and its two-hundred day moving average price is $11.39. MediaAlpha, Inc. has a 12-month low of $7.09 and a 12-month high of $13.92.

MediaAlpha (NYSE:MAX - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.25. MediaAlpha had a net margin of 2.30% and a negative return on equity of 132.73%. The firm had revenue of $291.16 million for the quarter, compared to the consensus estimate of $296.42 million. During the same quarter last year, the firm posted $0.08 EPS. The business's quarterly revenue was down 3.2% compared to the same quarter last year. Analysts predict that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MediaAlpha

Several hedge funds have recently added to or reduced their stakes in MAX. Pacer Advisors Inc. lifted its holdings in MediaAlpha by 6.7% during the 4th quarter. Pacer Advisors Inc. now owns 263,024 shares of the company's stock valued at $3,406,000 after buying an additional 16,597 shares in the last quarter. Invesco Ltd. boosted its stake in MediaAlpha by 32.1% in the 4th quarter. Invesco Ltd. now owns 26,024 shares of the company's stock worth $337,000 after purchasing an additional 6,319 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of MediaAlpha by 32.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,960 shares of the company's stock worth $220,000 after acquiring an additional 4,120 shares during the period. State of Tennessee Department of Treasury purchased a new position in shares of MediaAlpha during the fourth quarter worth $167,000. Finally, Mackenzie Financial Corp lifted its position in MediaAlpha by 184.3% during the fourth quarter. Mackenzie Financial Corp now owns 42,975 shares of the company's stock valued at $559,000 after purchasing an additional 27,858 shares during the period. 64.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAX. Keefe, Bruyette & Woods reduced their target price on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Royal Bank Of Canada lowered their target price on shares of MediaAlpha from $18.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 24th. The Goldman Sachs Group decreased their price target on MediaAlpha from $13.50 to $11.50 and set a "neutral" rating on the stock in a report on Tuesday, February 24th. JPMorgan Chase & Co. cut their target price on MediaAlpha from $15.00 to $11.00 and set an "overweight" rating for the company in a research report on Tuesday, February 24th. Finally, Wall Street Zen upgraded MediaAlpha from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.58.

MediaAlpha Company Profile

MediaAlpha, Inc is a technology company that operates a real-time digital marketplace for the distribution of insurance and adjacent services. The company's platform connects buyers—consumers seeking insurance policies—to sellers, including insurance carriers and distribution partners, through programmatic bidding and data-driven pricing. By leveraging transaction-level data and proprietary auction mechanics, MediaAlpha enables carriers to acquire customers more efficiently and at scale.

The firm offers a suite of products that help clients optimize marketing spend and improve conversion rates.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.