MarketWise (NASDAQ:MKTW) Announces Earnings Results

MarketWise (NASDAQ:MKTW) announced its quarterly earnings results on Thursday. The newsletter publisher reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.35, FiscalAI reports. The company had revenue of $80.09 million for the quarter, compared to the consensus estimate of $78.36 million. MarketWise had a net margin of 0.72% and a negative return on equity of 0.96%.

MarketWise Trading Down 1.2%

MKTW traded down $0.26 during trading hours on Friday, hitting $21.47. The company’s stock had a trading volume of 26,897 shares, compared to its average volume of 18,853. The business’s 50-day moving average price is $19.12 and its 200-day moving average price is $17.78. MarketWise has a 12 month low of $13.49 and a 12 month high of $22.83. The stock has a market cap of $338.58 million, a price-to-earnings ratio of 25.87 and a beta of 0.28.

MarketWise Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.4%. This is a boost from MarketWise’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 13th. MarketWise’s payout ratio is 113.64%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded MarketWise from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded MarketWise from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

MarketWise Company Profile

MarketWise, Inc is a digital subscription-based financial research and education company. It provides individual investors with investment research, market analysis, trading ideas, educational content and portfolio-management tools designed to support self-directed investing.

The company operates a portfolio of financial media and research brands, including Stansberry Research, InvestorPlace, Empire Financial Research, Chaikin Analytics and TradeSmith. Its offerings generally include newsletters, analyst research, market commentary, trading and investing courses, software tools, and premium subscription services covering stocks, options, cryptocurrencies and other investment topics.

MarketWise distributes its products primarily through digital channels, including websites, email, online publications and subscription platforms, serving customers in the United States and other international markets.