Investing in MediaAlpha Inc. (MAX): What You Must Know

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ZOM Stock
ZOM Stock

MediaAlpha Inc.’s recent filing unveils that its insider Thompson Patrick Ryan acquired Company’s shares for reported $85920.0 on Jun 14. In the deal valued at $8.59 per share,10,000 shares were bought. As a result of this transaction, Thompson Patrick Ryan now holds 83,552 shares worth roughly $ 1.22 million.


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Then, Thompson Patrick Ryan bought 5,000 shares, generating $51,425 in total proceeds. Upon buying the shares at $10.29, the insider now owns 49,090 shares.

Before that, Thompson Patrick Ryan bought 10,000 shares. MediaAlpha Inc. shares valued at $106,516 were divested by the insider at a price of $10.65 per share. As a result of the transaction, Thompson Patrick Ryan now holds 44,090 shares, worth roughly $0.64 million.

Citigroup downgraded its MediaAlpha Inc. [MAX] rating to a Neutral from a a Buy in a research note published on Friday, February 23, 2022; the price target was decreased to $14 from $24. PT values the company’s stock at a premium of -4.14 to its Friday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Wolfe Research began covering MAX with “Peer perform” recommendation on August 17, 2021. Keefe Bruyette started covering the stock on June 08, 2021. It rated MAX as “an Outperform”.

Price Performance Review of MAX

On Friday, MediaAlpha Inc. [NYSE:MAX] saw its stock jump 29.60% to $14.58. On the same session, the stock had its day’s lowest price of $11.40, but rose to a high of $14.74. Over the last five days, the stock has gained 32.55%. MediaAlpha Inc. shares have fallen nearly -5.57% since the year began. Nevertheless, the stocks have fallen -15.92% over the past one year. While a 52-week high of $18.77 was reached on 04/04/22, a 52-week low of $7.59 was recorded on 08/09/22. SMA at 50 days reached $9.41, while 200 days put it at $11.55. A total of 0.76 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For MAX Stock

The 24-hour chart illustrates a support level at 12.41, which if violated will result in even more drops to 10.23. On the upside, there is a resistance level at 15.75. A further resistance level may holdings at 16.91. The Relative Strength Index (RSI) on the 14-day chart is 86.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.38%. Stochastics %K at 90.37% indicates the stock is a selling.

How much short interest is there in MediaAlpha Inc.?

A steep rise in short interest was recorded in MediaAlpha Inc. stocks on Jul 14, 2022, dropping by -0.11 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.34 million shares. There was a decline of -8.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.20% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.23.

MediaAlpha Inc. [MAX] – Who Are The Largest Shareholders?

In filings from Kayne Anderson Rudnick Investment, it is revealed that the company now owns 6,272,620 shares, or roughly 14.89% of the outstanding MAX shares. In other words, the investor’s shares have fallen by -379,330 from its previous 13-F filing of 6651950.0. Additionally, Broad Bay Capital Management LP increased 25.54% of its stake after which the total value it holdings stand at $20,300,000, while Ararat Capital Management LP added 24.71% of its stake to hold $20.16 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 140,555 shares of MediaAlpha Inc., while Nantahala Capital Management LLC bought 1,203,130 shares. At present, Norges Bank Investment Management is holding 1,600,000 shares valued at $14.0 million. BlackRock Fund Advisors owned 1,310,731 shares of the company at the time of its most recent 13F filing, worth $11.47 million.

According to FactSet, MediaAlpha Inc.’s share price will average $18.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 28.89 percent from its previous closing price of $11.25. Analysts expect MediaAlpha Inc. stock to reach the higher price of $38.00, while the lowest price estimate is $12.00. However, 7 analysts have rated MAX stock as an Overweight in their predictions for 2022.

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