Insider Selling: MediaAlpha (NYSE:MAX) Insider Sells 8,000 Shares of Stock

MediaAlpha, Inc. (NYSE:MAX) insider Steven Yi sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $12.31, for a total transaction of $98,480.00. Following the completion of the sale, the insider directly owned 2,991,330 shares of the company’s stock, valued at approximately $36,823,272.30. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Steven Yi also recently made the following trade(s):

• On Wednesday, November 19th, Steven Yi sold 8,000 shares of MediaAlpha stock. The shares were sold at an average price of $11.72, for a total transaction of $93,760.00.

MediaAlpha Trading Down 2.8%

NYSE:MAX traded down $0.34 during midday trading on Wednesday, hitting $11.55. 483,776 shares of the stock were exchanged, 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 one year low of $7.33 and a one year high of $13.85. The business has a 50-day moving average price of $11.99 and a two-hundred day moving average price of $11.05.

MediaAlpha (NYSE:MAX) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.26 earnings per share (EPS) 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 firm had revenue of $306.51 million during the quarter, compared to analyst estimates of $283.30 million. During the same period last year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. MediaAlpha has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On MediaAlpha

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP increased its stake in MediaAlpha by 43.3% in the 3rd quarter. Quarry LP now owns 4,087 shares of the company’s stock worth $47,000 after purchasing an additional 1,234 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in MediaAlpha by 28.0% during the second quarter. Tower Research Capital LLC TRC now owns 5,551 shares of the company’s stock valued at $61,000 after buying an additional 1,213 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of MediaAlpha in the second quarter worth about $62,000. Arizona State Retirement System purchased a new position in shares of MediaAlpha in the first quarter worth approximately $95,000. Finally, Semanteon Capital Management LP purchased a new position in shares of MediaAlpha in the second quarter worth approximately $110,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MAX shares. Keefe, Bruyette & Woods raised their target price on MediaAlpha from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price target on shares of MediaAlpha in a report on Thursday, October 30th. Wall Street Zen upgraded shares of MediaAlpha from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of MediaAlpha from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group set a $13.50 target price on shares of MediaAlpha in a research note on Friday, October 31st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MediaAlpha currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

MediaAlpha Company Profile

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.