MediaAlpha, Inc. (NYSE:MAX) CRO Sells $47,672.59 in Stock

MediaAlpha, Inc. (NYSE:MAX) CRO Keith Cramer sold 4,753 shares at $10.03 each, totaling $47,672.59, reducing his ownership by 2.48% to 187,200 shares valued at $1,877,616. Cramer also sold 20,000 shares at $9.73 and 4,916 shares at $11.31 recently. MediaAlpha's stock opened at $9.81, with a market cap of $657.43 million. The company reported $0.17 EPS for the last quarter, beating estimates, with revenue up 41.1% year-over-year. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of $17.92.

MediaAlpha, Inc. (NYSE:MAX - Get Free Report) CRO Keith Cramer sold 4,753 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $10.03, for a total transaction of $47,672.59. Following the sale, the executive owned 187,200 shares of the company's stock, valued at approximately $1,877,616. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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Keith Cramer also recently made the following trade(s):

On Tuesday, August 12th, Keith Cramer sold 20,000 shares of MediaAlpha stock. The stock was sold at an average price of $9.73, for a total transaction of $194,600.00.
On Friday, August 8th, Keith Cramer sold 4,916 shares of MediaAlpha stock. The stock was sold at an average price of $11.31, for a total transaction of $55,599.96.

MediaAlpha Trading Up 2.6%

MediaAlpha stock opened at $9.81 on Wednesday. MediaAlpha, Inc. has a 1-year low of $7.33 and a 1-year high of $20.91. The firm has a market capitalization of $657.43 million, a price-to-earnings ratio of -81.73 and a beta of 1.19. The firm has a 50 day simple moving average of $10.56 and a 200 day simple moving average of $10.08.

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MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $251.62 million during the quarter, compared to analyst estimates of $248.80 million. MediaAlpha had a negative return on equity of 62.53% and a negative net margin of 0.61%. The firm's quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. On average, equities research analysts forecast that MediaAlpha, Inc. will post 0.48 EPS for the current year.

Institutional Investors Weigh In On MediaAlpha

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in MediaAlpha by 44.1% during the fourth quarter. Covestor Ltd now owns 2,766 shares of the company's stock valued at $31,000 after buying an additional 847 shares during the period. GAMMA Investing LLC boosted its stake in MediaAlpha by 8,775.8% during the first quarter. GAMMA Investing LLC now owns 2,929 shares of the company's stock valued at $27,000 after buying an additional 2,896 shares during the period. Virtus Fund Advisers LLC bought a new stake in shares of MediaAlpha during the 4th quarter worth $35,000. Quarry LP grew its position in MediaAlpha by 107.1% in the fourth quarter. Quarry LP now owns 5,841 shares of the company's stock worth $66,000 after acquiring an additional 3,021 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new position in MediaAlpha in the second quarter worth $110,000. Institutional investors own 64.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAX. Wall Street Zen lowered shares of MediaAlpha from a "buy" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of MediaAlpha from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada reduced their price objective on shares of MediaAlpha from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of MediaAlpha from $19.00 to $16.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.92.

Get Our Latest Stock Analysis on MediaAlpha

About MediaAlpha

(Get Free Report)

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.