MediaAlpha (NYSE:MAX) Stock: Insider Eugene Nonko Sells 160,185 Shares

MediaAlpha, Inc. (NYSE:MAX) Director Eugene Nonko sold 160,185 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $15.04, for a total value of $2,409,182.40. Following the completion of the sale, the director owned 551,707 shares of the company’s stock, valued at approximately $8,297,673.28. This represents a 22.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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, November 4th, Eugene Nonko sold 93,279 shares of MediaAlpha stock. The shares were sold at an average price of $15.36, for a total value of $1,432,765.44.
• On Wednesday, November 4th, Eugene Nonko sold 5,667 shares of MediaAlpha stock. The stock was sold at an average price of $15.25, for a total value of $86,421.75.
• On Tuesday, November 3rd, Eugene Nonko sold 15,022 shares of MediaAlpha stock. The stock was sold at an average price of $14.93, for a total value of $224,278.46.
• On Monday, November 2nd, Eugene Nonko sold 78,009 shares of MediaAlpha stock. The stock was sold at an average price of $14.72, for a total value of $1,148,292.48.
• On Monday, November 2nd, Eugene Nonko sold 109,401 shares of MediaAlpha stock. The shares were sold at an average price of $14.79, for a total transaction of $1,618,040.79.
• On Wednesday, October 28th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $84,584.99.
• On Wednesday, October 28th, Eugene Nonko sold 1,940 shares of MediaAlpha stock. The shares were sold at an average price of $11.63, for a total transaction of $22,562.20.
• On Tuesday, October 27th, Eugene Nonko sold 8,283 shares of MediaAlpha stock. The shares were sold at an average price of $11.85, for a total transaction of $98,153.55.
• On Tuesday, October 27th, Eugene Nonko sold 3,394 shares of MediaAlpha stock. The stock was sold at an average price of $11.92, for a total transaction of $40,456.48.
• On Monday, October 26th, Eugene Nonko sold 7,273 shares of MediaAlpha stock. The stock was sold at an average price of $11.83, for a total transaction of $86,039.59.

MediaAlpha Stock Down 0.9%

Shares of MAX stock traded down $0.13 on Wednesday, hitting $15.02. The stock had a trading volume of 2,336,871 shares, compared to its average volume of 1,167,518. The firm has a market capitalization of $920.00 million, a price-to-earnings ratio of 8.32 and a beta of 1.12. The stock’s 50 day moving average is $11.36 and its 200-day moving average is $10.69. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.32 and a current ratio of 1.32. MediaAlpha, Inc. has a 52-week low of $7.09 and a 52-week high of $15.99.

MediaAlpha (NYSE:MAX) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. MediaAlpha had a net margin of 8.35% and a negative return on equity of 994.23%. The business had revenue of $375.95 million during the quarter, compared to analyst estimates of $347.93 million. As a group, research analysts expect that MediaAlpha, Inc. will post 1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MAX. JPMorgan Chase & Co. raised their target price on MediaAlpha from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Weiss Ratings raised MediaAlpha from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada boosted their price target on MediaAlpha from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Keefe, Bruyette & Woods increased their price target on MediaAlpha from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group raised their price objective on MediaAlpha from $10.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.71.

Hedge Funds Weigh In On MediaAlpha

Hedge funds have recently bought and sold shares of the company. Covestor Ltd increased its holdings in MediaAlpha by 21.2% in the third quarter. Covestor Ltd now owns 5,788 shares of the company’s stock valued at $56,000 after buying an additional 1,011 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in MediaAlpha by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,677 shares of the company’s stock worth $452,000 after buying an additional 1,846 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in MediaAlpha by 9,917.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,805 shares of the company’s stock worth $36,000 after purchasing an additional 2,777 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of MediaAlpha by 23.2% in the 1st quarter. SG Americas Securities LLC now owns 19,473 shares of the company’s stock valued at $181,000 after buying an additional 3,668 shares during the period. Finally, State of Wyoming grew its position in shares of MediaAlpha by 10.7% during the 1st quarter. State of Wyoming now owns 43,001 shares of the company’s stock valued at $400,000 after buying an additional 4,169 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about MediaAlpha

Here are the key news stories impacting MediaAlpha this week:

• Positive Sentiment: MediaAlpha’s third-quarter results beat expectations, while its earnings call highlighted broadening insurance demand. Growth in home insurance, increased spending by insurance carriers, and AI tools supporting marketplace gains could bolster the company’s outlook. Read the article
• Neutral Sentiment: Several insiders, including Director Eugene Nonko, insider Steven Yi, and CTO Kuanling Yeh, reported selling shares. Some transactions were conducted under pre-arranged Rule 10b5-1 plans, and filings cite tax withholding on vested equity awards, which may make the sales less indicative of a change in confidence. Still, the volume of sales could draw investor attention. View the SEC filing

About MediaAlpha

MediaAlpha, Inc operates a technology platform that helps insurance carriers and distributors acquire customers through digital channels. Its marketplace connects consumers who are shopping for insurance with providers seeking qualified prospects, using data, analytics and automated systems to facilitate the matching process.

The company’s platform supports customer acquisition across insurance categories, including property and casualty products such as auto and home insurance, as well as health, life and Medicare-related coverage.