|Bid||36.43 x 800|
|Ask||41.05 x 1200|
|Day's Range||37.82 - 41.36|
|52 Week Range||21.62 - 70.33|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||60.00|
MediaAlpha, Inc. (NYSE: MAX), today announced that it will release financial results for the first quarter of 2021 on Thursday, May 13, 2021 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
MediaAlpha, Inc. ("MediaAlpha") today announced the closing of the secondary offering of 8,050,000 shares of its Class A common stock by certain selling stockholders (the "Selling Stockholders") at a price of $46.00 per share (before discounts and commissions), which included 1,050,000 shares of Class A common stock sold pursuant to the option granted by the Selling Stockholders to the underwriters. MediaAlpha did not sell any shares of common stock and did not receive any proceeds from the offering.
Advertising technology company MediaAlpha Inc (NYSE: MAX) priced 7 million shares by certain selling stockholders at $46 per share, valued at $322 million. The offer price signifies a 1.5% discount to the Thursday closing price of $46.7 and is expected to close on March 23, 2021. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1.05 million shares. MediaAlpha did not offer any shares and would not receive any proceeds from the offering. The company's revenue rose 51% to $190.2 million in the fourth quarter of FY20. Transaction value rose 51% to $256.9 million. Property & Casualty revenue grew 97% to $123 million. MAX shares have gained 35.95% in the last quarter. Price action: MAX shares traded lower by 7.66% at $43.13 on the last check Friday. See more from BenzingaClick here for options trades from BenzingaTAOP To Acquire Taoping New Media For MWhatsApp Ropes In Amazon Payments Veteran For Indian Payments Business: Reuters© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.