MarketWise (NASDAQ:MKTW) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of MarketWise (NASDAQ:MKTW) to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of MarketWise in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.00.

MarketWise Stock Up 1.3%

NASDAQ MKTW opened at $17.00 on Friday. The firm has a market cap of $273.02 million, a PE ratio of 7.42 and a beta of 0.34. The company has a 50 day moving average price of $15.79 and a 200 day moving average price of $15.72. MarketWise has a 52 week low of $12.65 and a 52 week high of $21.74.

MarketWise (NASDAQ:MKTW) last posted its quarterly earnings data 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 firm had revenue of $83.39 million during the quarter, compared to analyst estimates of $70.60 million. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%.

MarketWise Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. MarketWise’s dividend payout ratio is presently 43.67%.

Insider Buying and Selling

In other MarketWise news, CFO Erik Mickels sold 6,666 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $14.10, for a total transaction of $93,990.60. Following the transaction, the chief financial officer owned 88,398 shares in the company, valued at approximately $1,246,411.80. This represents a 7.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank Porter Stansberry purchased 23,103 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of $14.28 per share, for a total transaction of $329,910.84. Following the purchase, the director directly owned 233,111 shares in the company, valued at $3,328,825.08. This represents a 11.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 26,000 shares of company stock worth $377,167 in the last 90 days. 29.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in MarketWise by 60.7% during the 4th quarter. Russell Investments Group Ltd. now owns 2,047 shares of the newsletter publisher’s stock valued at $31,000 after purchasing an additional 773 shares in the last quarter. Barclays PLC increased its stake in MarketWise by 7.0% during the 4th quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock valued at $2,293,000 after purchasing an additional 9,961 shares in the last quarter. State Street Corp increased its stake in MarketWise by 5.2% during the 4th quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock valued at $432,000 after purchasing an additional 1,414 shares in the last quarter. Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 757 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of MarketWise by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 19,899 shares of the newsletter publisher’s stock valued at $299,000 after acquiring an additional 900 shares during the last quarter. Institutional investors and hedge funds own 23.04% of the company’s stock.

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.