MarketWise (NASDAQ:MKTW) CFO Erik Mickels Sells 6,000 Shares

MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels sold 6,000 shares of MarketWise stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.70, for a total transaction of $88,200.00. Following the transaction, the chief financial officer owned 79,064 shares in the company, valued at approximately $1,162,240.80. The trade was a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Erik Mickels also recently made the following trade(s):

• On Thursday, March 19th, Erik Mickels sold 3,334 shares of MarketWise stock. The stock was sold at an average price of $13.83, for a total value of $46,109.22.
• On Wednesday, March 18th, Erik Mickels sold 6,666 shares of MarketWise stock. The stock was sold at an average price of $14.10, for a total value of $93,990.60.
• On Wednesday, March 11th, Erik Mickels sold 6,666 shares of MarketWise stock. The shares were sold at an average price of $14.73, for a total value of $98,190.18.
• On Tuesday, March 10th, Erik Mickels sold 3,334 shares of MarketWise stock. The shares were sold at an average price of $15.20, for a total value of $50,676.80.

MarketWise Price Performance

Shares of MKTW opened at $17.74 on Thursday. The business’s 50-day moving average is $15.22 and its 200-day moving average is $15.63. The company has a market capitalization of $284.90 million, a price-to-earnings ratio of 7.75 and a beta of 0.55. MarketWise, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $21.74.

MarketWise (NASDAQ:MKTW) last posted its quarterly earnings results on Friday, March 6th. The newsletter publisher reported $0.77 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.99. The business had revenue of $83.39 million during the quarter, compared to analysts’ expectations of $70.60 million. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%.

MarketWise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. MarketWise’s dividend payout ratio (DPR) is presently 43.67%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketWise in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.00.

Institutional Trading of MarketWise

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in shares of MarketWise during the 2nd quarter worth $28,000. Wells Fargo & Company MN lifted its stake in shares of MarketWise by 52.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher’s stock valued at $33,000 after purchasing an additional 757 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of MarketWise by 300.5% in the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock valued at $60,000 after purchasing an additional 91,282 shares during the last quarter. Susquehanna International Group LLP bought a new stake in MarketWise in the third quarter worth $191,000. Finally, Raymond James Financial Inc. bought a new stake in MarketWise in the second quarter worth $226,000. 23.04% of the stock is currently owned by institutional investors and hedge funds.

MarketWise Company Profile

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.