MarketWise (NASDAQ:MKTW) Trading Down 0.8% – What’s Next?

MarketWise, Inc. (NASDAQ:MKTW)’s share price fell 0.8% on Thursday . The company traded as low as $14.66 and last traded at $14.73. 2,965 shares were traded during mid-day trading, a decline of 76% from the average session volume of 12,408 shares. The stock had previously closed at $14.85.

Analyst Upgrades and Downgrades

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

MarketWise Stock Up 2.5%

The firm has a market cap of $242.05 million, a price-to-earnings ratio of 5.99 and a beta of 0.52. The stock has a 50 day moving average of $15.82 and a 200 day moving average of $16.97.

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

MarketWise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, November 14th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 14th. This represents a $0.80 annualized dividend and a dividend yield of 5.3%. MarketWise’s payout ratio is currently 31.75%.

Institutional Trading of MarketWise

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in MarketWise during the third quarter worth about $191,000. Vanguard Group Inc. raised its holdings 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 valued at $1,382,000 after buying an additional 10,113 shares in the last quarter. MTM Investment Management LLC purchased a new position in shares of MarketWise during the third quarter worth approximately $359,000. Raymond James Financial Inc. bought a new stake in MarketWise in the second quarter worth $226,000. Finally, Russell Investments Group Ltd. bought a new position in MarketWise during the 2nd quarter worth approximately $28,000. 23.04% of the stock is owned by hedge funds and other institutional investors.

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.