Insider Buying: MarketWise (NASDAQ:MKTW) Director Buys 10,000 Shares of Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $18.89 per share, with a total value of $188,900.00. Following the completion of the transaction, the director directly owned 301,756 shares in the company, valued at approximately $5,700,170.84. This trade represents a 3.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Frank Porter Stansberry also recently made the following trade(s):

• On Friday, May 8th, Frank Porter Stansberry acquired 41,375 shares of MarketWise stock. The stock was bought at an average price of $18.99 per share, for a total transaction of $785,711.25.
• On Friday, March 20th, Frank Porter Stansberry bought 17,270 shares of MarketWise stock. The stock was purchased at an average price of $15.19 per share, for a total transaction of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry bought 23,103 shares of MarketWise stock. The stock was acquired at an average price of $14.28 per share, with a total value of $329,910.84.

MarketWise Price Performance

NASDAQ:MKTW traded down $0.58 during trading hours on Tuesday, reaching $18.06. The company’s stock had a trading volume of 25,097 shares, compared to its average volume of 20,797. The company has a market cap of $290.04 million, a price-to-earnings ratio of 10.95 and a beta of 0.25. MarketWise, Inc. has a one year low of $13.49 and a one year high of $21.74. The business’s 50-day moving average is $16.61 and its 200-day moving average is $15.99.

MarketWise (NASDAQ:MKTW) last posted its earnings results on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share for the quarter. MarketWise had a net margin of 1.29% and a negative return on equity of 1.87%. The company had revenue of $77.03 million for the quarter, compared to the consensus estimate of $80.74 million. On average, sell-side analysts predict that MarketWise, Inc. will post 2.92 EPS for the current fiscal year.

MarketWise Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, May 15th will be issued a $0.25 dividend. This is an increase from MarketWise’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.5%. MarketWise’s dividend payout ratio is presently 60.61%.

Institutional Investors Weigh In On MarketWise

A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of MarketWise by 7.0% in 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 during the period. AQR Capital Management LLC lifted its position in shares of MarketWise by 300.5% during the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after buying an additional 91,282 shares during the period. Vanguard Group Inc. lifted its position in shares of MarketWise by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock worth $1,382,000 after buying an additional 10,113 shares during the period. State Street Corp boosted its stake in MarketWise by 5.2% in the 4th quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock valued at $432,000 after buying an additional 1,414 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in MarketWise in the 3rd quarter valued at $359,000. 23.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MKTW. Wall Street Zen lowered shares of MarketWise from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings cut shares of MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MarketWise presently has an average rating of “Hold” and an average price target of $20.00.

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.