MediaAlpha (NYSE:MAX) Director Eugene Nonko Sells 6,700 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of MediaAlpha stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $11.63, for a total transaction of $77,921.00. Following the sale, the director owned 1,683,420 shares in the company, valued at $19,578,174.60. This represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 19th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $62,802.00.
• On Monday, November 17th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $12.33, for a total transaction of $82,611.00.
• On Monday, November 17th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $12.33, for a total transaction of $66,582.00.

MediaAlpha Trading Down 2.8%

NYSE:MAX traded down $0.34 during mid-day trading on Wednesday, hitting $11.55. The company’s stock had a trading volume of 483,776 shares, compared to its average volume of 532,244. The company has a market capitalization of $752.39 million, a price-to-earnings ratio of -384.71 and a beta of 1.21. MediaAlpha, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $13.85. The stock has a fifty day moving average of $11.99 and a 200-day moving average of $11.05.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. MediaAlpha had a negative return on equity of 71.02% and a negative net margin of 0.10%.The company had revenue of $306.51 million for the quarter, compared to the consensus estimate of $283.30 million. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. MediaAlpha has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that MediaAlpha, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of MediaAlpha

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of MediaAlpha by 18.1% during the first quarter. AQR Capital Management LLC now owns 557,796 shares of the company’s stock valued at $5,154,000 after acquiring an additional 85,581 shares during the period. Hsbc Holdings PLC raised its holdings in MediaAlpha by 21.7% during the 1st quarter. Hsbc Holdings PLC now owns 50,406 shares of the company’s stock worth $472,000 after purchasing an additional 8,981 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in MediaAlpha during the 2nd quarter valued at about $895,000. Nuveen LLC acquired a new position in MediaAlpha during the 1st quarter valued at about $4,675,000. Finally, CWM LLC boosted its stake in shares of MediaAlpha by 151.8% in the 1st quarter. CWM LLC now owns 16,523 shares of the company’s stock valued at $153,000 after purchasing an additional 9,962 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MAX shares. Keefe, Bruyette & Woods increased their price objective on MediaAlpha from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Wall Street Zen raised shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. increased their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of MediaAlpha in a research report on Thursday, November 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MediaAlpha currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

About MediaAlpha

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.