Robert Perine Sells 10,000 Shares of MediaAlpha, Inc. (NYSE:MAX) Stock

MediaAlpha, Inc. (NYSE:MAX) VP Robert Perine sold 10,000 shares of the stock in a transaction that occurred on Monday, July 19th. The shares were sold at an average price of $30.49, for a total transaction of $304,900.00. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at $121,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert Perine also recently made the following trade(s):

  • On Wednesday, May 19th, Robert Perine sold 4,100 shares of MediaAlpha stock. The shares were sold at an average price of $37.42, for a total transaction of $153,422.00.

MAX opened at $34.46 on Thursday. The stock has a fifty day moving average price of $39.55. The firm has a market capitalization of $2.06 billion and a price-to-earnings ratio of -246.14. MediaAlpha, Inc. has a twelve month low of $21.62 and a twelve month high of $70.33.

MediaAlpha (NYSE:MAX) last posted its earnings results on Thursday, May 13th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The firm had revenue of $173.59 million during the quarter, compared to analyst estimates of $172.99 million. Equities research analysts expect that MediaAlpha, Inc. will post 0.14 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Baker Tilly Wealth Management LLC bought a new stake in shares of MediaAlpha during the first quarter worth $507,000. TownSquare Capital LLC bought a new stake in shares of MediaAlpha during the first quarter worth $2,434,000. Millennium Management LLC bought a new stake in shares of MediaAlpha during the first quarter worth $2,607,000. D. E. Shaw & Co. Inc. bought a new stake in shares of MediaAlpha during the first quarter worth $469,000. Finally, Verition Fund Management LLC bought a new stake in shares of MediaAlpha during the first quarter worth $1,219,000. 60.97% of the stock is owned by institutional investors.

MAX has been the topic of several research analyst reports. Zacks Investment Research cut shares of MediaAlpha from a “buy” rating to a “hold” rating in a research note on Thursday, July 15th. Keefe, Bruyette & Woods began coverage on shares of MediaAlpha in a report on Tuesday, June 8th. They issued an “outperform” rating and a $53.00 price objective on the stock. Canaccord Genuity cut their price objective on shares of MediaAlpha from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, May 14th. Citigroup upgraded shares of MediaAlpha from a “neutral” rating to a “buy” rating in a report on Tuesday, May 18th. Finally, upgraded shares of MediaAlpha from a “neutral” rating to a “buy” rating and cut their price objective for the company from $62.00 to $45.00 in a report on Tuesday, May 18th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. MediaAlpha currently has an average rating of “Buy” and an average price target of $50.25.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates insurance customer acquisition platform in the United States. Its real-time customer acquisition and predictive analytics platform allows insurance carriers, distributors, and other clients to acquire customers and optimize customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance.

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