MarketWise (NASDAQ:MKTW) CFO Sells $93,990.60 in Stock

MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels sold 6,666 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $14.10, for a total value of $93,990.60. Following the sale, the chief financial officer owned 88,398 shares in the company, valued at approximately $1,246,411.80. The trade was a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were sold at an average price of $13.83, for a total value of $46,109.22.
• On Wednesday, March 11th, Erik Mickels sold 6,666 shares of MarketWise stock. The stock was sold at an average price of $14.73, for a total transaction 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 transaction of $50,676.80.

MarketWise Stock Performance

NASDAQ:MKTW traded up $0.65 during mid-day trading on Friday, hitting $15.45. 84,903 shares of the company’s stock traded hands, compared to its average volume of 17,151. The company has a market cap of $248.13 million, a PE ratio of 6.46 and a beta of 0.55. The firm’s 50 day simple moving average is $15.19 and its 200 day simple moving average is $15.70. MarketWise, Inc. has a 1 year low of $9.07 and a 1 year high of $21.74.

MarketWise (NASDAQ:MKTW) last announced 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. The company had revenue of $83.39 million for the quarter, compared to the consensus estimate 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be paid a $0.20 dividend. 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 5.2%. MarketWise’s dividend payout ratio is presently 43.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketWise in a report on Thursday, January 22nd. UBS Group reiterated an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.00.

Institutional Trading of MarketWise

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in MarketWise by 7.0% during the fourth quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock worth $2,293,000 after acquiring an additional 9,961 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 in the last quarter. Vanguard Group Inc. grew 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 worth $1,382,000 after purchasing an additional 10,113 shares during the period. State Street Corp grew its holdings in shares of 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 purchasing an additional 1,414 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in MarketWise during the 3rd quarter worth approximately $359,000. 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.