MediaAlpha CEO Steven Yi sells $263,320 in company stock
Steven Yi, the CEO, President, and Co-Founder of MediaAlpha Inc., sold a total of $263,320 worth of company stock on October 8 and 9, 2026. The shares, representing Class A Common Stock, were sold at varying prices between $10.0393 and $11.0068 per share on October 8, and subsequently between $11.00 and $11.02 per share on October 9.
The transactions adhered to a previously established Rule 10b5-1 trading plan, which aimed to address tax liabilities from the vesting of restricted stock units. As of the current price of $10.09, MediaAlpha's stock has declined 22% year-to-date, although analysts believe the company is undervalued. Post the sale, Yi remains a significant shareholder with 2,313,707 shares.
MediaAlpha reported a second-quarter revenue of $317 million, surpassing analysts' expectations and marking a 26% YoY increase, driven by higher insurance carrier spending on the company's platform. This optimistic revenue growth was supported by Canaccord's price target increase to $17 from $15 and a maintained Buy rating. However, JPMorgan took a more neutral stance, setting a $15 price target.
The article highlights MediaAlpha's financial performance and analyst opinions, providing a comprehensive view of the situation.
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