Eugene Nonko Sells 8,205 Shares of MediaAlpha (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 8,205 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $13.23, for a total transaction of $108,552.15. Following the completion of the sale, the director directly owned 959,549 shares in the company, valued at approximately $12,694,833.27. This represents a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, August 19th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.20, for a total transaction of $43,322.40.
• On Monday, August 17th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The stock was sold at an average price of $12.78, for a total transaction of $104,859.90.
• On Monday, August 17th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $12.82, for a total value of $42,075.24.
• On Wednesday, August 12th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.78, for a total transaction of $104,859.90.
• On Wednesday, August 12th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The stock was sold at an average price of $12.89, for a total transaction of $42,304.98.
• On Monday, August 10th, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $13.57, for a total transaction of $111,341.85.
• On Monday, August 10th, Eugene Nonko sold 3,282 shares of MediaAlpha stock. The shares were sold at an average price of $13.30, for a total transaction of $43,650.60.
• On Tuesday, August 4th, Eugene Nonko sold 7,778 shares of MediaAlpha stock. The stock was sold at an average price of $12.45, for a total transaction of $96,836.10.
• On Tuesday, August 4th, Eugene Nonko sold 2,667 shares of MediaAlpha stock. The shares were sold at an average price of $12.50, for a total transaction of $33,337.50.
• On Monday, August 3rd, Eugene Nonko sold 8,205 shares of MediaAlpha stock. The shares were sold at an average price of $12.48, for a total transaction of $102,398.40.

MediaAlpha Stock Up 2.4%

Shares of NYSE MAX traded up $0.32 during midday trading on Wednesday, hitting $13.51. 446,499 shares of the company’s stock were exchanged, compared to its average volume of 780,025. The firm has a market capitalization of $827.62 million, a PE ratio of 8.34 and a beta of 1.11. MediaAlpha, Inc. has a 12 month low of $7.09 and a 12 month high of $14.70. The company’s 50 day moving average price is $12.52 and its 200 day moving average price is $10.33.

MediaAlpha (NYSE:MAX) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.42. MediaAlpha had a negative return on equity of 301.42% and a net margin of 7.94%.The business had revenue of $316.88 million for the quarter, compared to analysts’ expectations of $300.87 million. On average, equities research analysts anticipate that MediaAlpha, Inc. will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAX. Weiss Ratings upgraded shares of MediaAlpha from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. TD Cowen lowered their target price on MediaAlpha from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods lifted their price target on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Capital One Financial set a $11.00 price target on MediaAlpha in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. increased their price objective on MediaAlpha from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.86.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of MediaAlpha by 5,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,160 shares of the company’s stock valued at $28,000 after buying an additional 2,124 shares during the period. Rockefeller Capital Management L.P. raised its holdings in MediaAlpha by 9,917.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock valued at $36,000 after acquiring an additional 2,777 shares in the last quarter. Strs Ohio acquired a new position in MediaAlpha in the 4th quarter valued at $49,000. Quarry LP lifted its position in shares of MediaAlpha by 43.3% during the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock valued at $47,000 after acquiring an additional 1,234 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of MediaAlpha by 28.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock worth $61,000 after purchasing an additional 1,213 shares in the last quarter. 64.39% of the stock is owned by institutional investors.

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.