MarketWise (NASDAQ:MKTW) CFO Erik Mickels Sells 3,334 Shares

MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels sold 3,334 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $15.20, for a total transaction of $50,676.80. Following the sale, the chief financial officer owned 63,103 shares in the company, valued at $959,165.60. This represents a 5.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $98,190.18.

MarketWise Trading Down 2.2%

NASDAQ MKTW traded down $0.32 on Friday, hitting $14.18. 6,260 shares of the company’s stock were exchanged, compared to its average volume of 11,021. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $15.83. The stock has a market cap of $227.37 million, a price-to-earnings ratio of 6.17 and a beta of 0.55. MarketWise, Inc. has a 52 week low of $9.07 and a 52 week high of $21.74.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings results on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.99. MarketWise had a negative return on equity of 2.54% and a net margin of 1.71%.The company had revenue of $83.39 million for the quarter, compared to analyst estimates of $70.60 million.

MarketWise Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.80 annualized dividend and a yield of 5.6%. MarketWise’s payout ratio is presently 34.93%.

Hedge Funds Weigh In On MarketWise

Large investors have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of MarketWise by 7.0% in the fourth quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock valued at $2,293,000 after buying an additional 9,961 shares during the period. State Street Corp boosted its position in MarketWise by 5.2% during the 4th quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock worth $432,000 after buying an additional 1,414 shares during the period. Renaissance Technologies LLC grew its holdings in MarketWise by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 19,899 shares of the newsletter publisher’s stock worth $299,000 after acquiring an additional 900 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 10,113 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in MarketWise in the 2nd quarter valued at approximately $226,000. 23.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a research note on Thursday, January 22nd. UBS Group reissued an “outperform” rating on shares of MarketWise in a research note on Monday, November 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.