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

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 6,700 shares of MediaAlpha stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $10.36, for a total value of $69,412.00. Following the completion of the transaction, the director owned 1,475,720 shares in the company, valued at $15,288,459.20. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, February 2nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was 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 stock was sold at an average price of $10.57, for a total transaction of $70,819.00.
• On Wednesday, January 28th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.58, for a total transaction of $57,132.00.
• On Monday, January 26th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $10.85, for a total value of $72,695.00.
• On Monday, January 26th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The shares were sold at an average price of $10.87, for a total value of $58,698.00.
• On Thursday, January 22nd, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.20, for a total transaction of $75,040.00.
• On Thursday, January 22nd, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.20, for a total transaction of $60,480.00.
• On Tuesday, January 20th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.21, for a total transaction of $75,107.00.
• On Tuesday, January 20th, Eugene Nonko sold 5,400 shares of MediaAlpha stock. The stock was sold at an average price of $11.21, for a total transaction of $60,534.00.
• On Wednesday, January 14th, Eugene Nonko sold 6,700 shares of MediaAlpha stock. The shares were sold at an average price of $11.70, for a total value of $78,390.00.

MediaAlpha Stock Performance

Shares of NYSE MAX traded down $0.28 during mid-day trading on Wednesday, hitting $8.95. 2,146,004 shares of the stock were exchanged, compared to its average volume of 613,061. The stock’s fifty day simple moving average is $12.11 and its two-hundred day simple moving average is $11.67. MediaAlpha, Inc. has a twelve month low of $7.33 and a twelve month high of $13.92. The company has a market cap of $583.27 million, a P/E ratio of -298.23 and a beta of 1.29.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MAX shares. JPMorgan Chase & Co. lifted their price target 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. The Goldman Sachs Group set a $13.50 price target on MediaAlpha in a research note on Friday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of MediaAlpha in a report on Monday, December 29th. Zacks Research cut MediaAlpha from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price objective on shares of MediaAlpha in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.25.

Hedge Funds Weigh In On MediaAlpha

A number of large investors have recently bought and sold shares of MAX. Versor Investments LP acquired a new stake in shares of MediaAlpha in the fourth quarter valued at approximately $380,000. Strs Ohio bought a new position in MediaAlpha in the fourth quarter valued at $49,000. Cornerstone Investment Partners LLC acquired a new stake in MediaAlpha in the 4th quarter valued at $190,000. Moran Wealth Management LLC acquired a new stake in MediaAlpha in the 4th quarter valued at $165,000. Finally, CWM LLC boosted its stake in shares of MediaAlpha by 10.1% during the 4th quarter. CWM LLC now owns 42,278 shares of the company’s stock worth $548,000 after buying an additional 3,895 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

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.