MAX’s See Remarks, Yi Steven, sellss 30,698 shares.


MediaAlpha Inc.’s filing revealed that its insider Yi Steven unloaded Company’s shares for reported $0.48 million on Feb 27. In the deal valued at $15.71 per share,30,698 shares were sold. As a result of this transaction, Yi Steven now holds 1,036,553 shares worth roughly $ 15.97 million.

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Then, Nonko Eugene sold 15,698 shares, generating $248,094 in total proceeds. Upon selling the shares at $15.80, the insider now owns 542,723 shares.

Before that, Yi Steven sold 50,000 shares. MediaAlpha Inc. shares valued at $817,015 were divested by the insider at a price of $16.34 per share. As a result of the transaction, Yi Steven now holds 1,067,251 shares, worth roughly $16.45 million.

BMO Capital Markets initiated its MediaAlpha Inc. [MAX] rating to a Market perform in a research note published on Monday, January 20, 2023; the price target was $10. PT values the company’s stock at a premium of -54.1 to its Monday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Citigroup also remained covering MAX and has decreased its forecast on February 23, 2022 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on December 15, 2021. It rated MAX as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of MAX

On Monday, MediaAlpha Inc. [NYSE:MAX] saw its stock fall -5.05% to $15.41. On the same session, the stock had its day’s lowest price of $15.29, but rose to a high of $16.19. Over the last five days, the stock has gained 4.69%. MediaAlpha Inc. shares have risen nearly 54.87% since the year began. Nevertheless, the stocks have risen 34.47% over the past one year. While a 52-week high of $17.26 was reached on 02/24/23, a 52-week low of $7.59 was recorded on 01/03/23. SMA at 50 days reached $12.16, while 200 days put it at $10.77. A total of 0.6 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For MAX Stock

The 24-hour chart illustrates a support level at 15.07, which if violated will result in even more drops to 14.73. On the upside, there is a resistance level at 15.97. A further resistance level may holdings at 16.53. The Relative Strength Index (RSI) on the 14-day chart is 65.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.34%. Stochastics %K at 65.96% indicates the stock is a holding.

How much short interest is there in MediaAlpha Inc.?

A steep rise in short interest was recorded in MediaAlpha Inc. stocks on Jan 30, 2023, growing by 25240.0 shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 0.91 million shares. There was a rise of 2.7%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.04% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.46.

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

In filings from Kayne Anderson Rudnick Investment, it is revealed that the company now owns 6,161,213 shares, or roughly 14.29% of the outstanding MAX shares. In other words, the investor’s shares have fallen by -506,709 from its previous 13-F filing of 6667922.0.. At present, BlackRock Fund Advisors is holding 1,334,711 shares valued at $18.62 million. Nantahala Capital Management LLC owned 1,283,240 shares of the company at the time of its most recent 13F filing, worth $17.9 million.

According to FactSet, MediaAlpha Inc.’s share price will average $18.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.07 percent from its previous closing price of $16.23. Analysts expect MediaAlpha Inc. stock to reach the higher price of $24.00, while the lowest price estimate is $10.00. However, 8 analysts have rated MAX stock as an Overweight in their predictions for 2023. The most recent change occurred on August 17, 2021 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating along with a $30 price target.


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