Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Declines By 22.6%

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 18,525 shares, a decrease of 22.6% from the December 15th total of 23,939 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,604 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 17,604 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.

MarketWise Stock Down 2.9%

Shares of NASDAQ:MKTW traded down $0.47 during midday trading on Tuesday, hitting $15.71. 6,579 shares of the stock traded hands, compared to its average volume of 6,773. The business’s 50 day moving average is $15.72 and its two-hundred day moving average is $16.78. The stock has a market capitalization of $251.83 million, a PE ratio of 6.23 and a beta of 0.52. MarketWise has a one year low of $9.07 and a one year high of $21.74.

MarketWise (NASDAQ:MKTW) last announced its quarterly earnings results on Thursday, November 6th. The newsletter publisher reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.32) by $1.90. MarketWise had a negative return on equity of 2.62% and a net margin of 1.70%.The company had revenue of $81.27 million for the quarter, compared to the consensus estimate of $69.22 million.

MarketWise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, November 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.80 dividend on an annualized basis and a yield of 5.1%. MarketWise’s dividend payout ratio (DPR) is presently 31.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in MarketWise in the 2nd quarter worth $28,000. Vanguard Group Inc. increased its position in shares of MarketWise by 13.8% during the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock valued at $1,382,000 after buying an additional 10,113 shares during the period. Raymond James Financial Inc. bought a new position in MarketWise in the second quarter worth about $226,000. Susquehanna International Group LLP purchased a new stake in MarketWise in the third quarter worth about $191,000. Finally, MTM Investment Management LLC purchased a new stake in MarketWise in the third quarter worth about $359,000. 23.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MKTW. UBS Group reiterated an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketWise in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MarketWise presently has an average rating of “Hold” and a consensus price target of $20.00.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.