MarketWise (NASDAQ:MKTW) Stock Moved Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of MarketWise (NASDAQ:MKTW) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised MarketWise from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, MarketWise currently has a consensus rating of “Moderate Buy”.

MarketWise Stock Down 1.2%

Shares of MKTW opened at $21.47 on Friday. The stock has a market capitalization of $338.58 million, a P/E ratio of 25.87 and a beta of 0.28. MarketWise has a twelve month low of $13.49 and a twelve month high of $22.83. The firm has a fifty day simple moving average of $19.12 and a two-hundred day simple moving average of $17.78.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, November 5th. The newsletter publisher reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.35. The firm had revenue of $80.09 million for the quarter, compared to analysts’ expectations of $78.36 million. MarketWise had a net margin of 0.72% and a negative return on equity of 0.96%. Sell-side analysts expect that MarketWise will post 0.67 EPS for the current fiscal year.

MarketWise Increases Dividend

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

Institutional Trading of MarketWise

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of MarketWise by 36.6% during the 1st quarter. Renaissance Technologies LLC now owns 27,174 shares of the newsletter publisher’s stock worth $509,000 after acquiring an additional 7,275 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of MarketWise by 34.2% in the 3rd quarter. Copeland Capital Management LLC now owns 10,125 shares of the newsletter publisher’s stock worth $200,000 after purchasing an additional 2,580 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of MarketWise by 7.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,939 shares of the newsletter publisher’s stock worth $157,000 after purchasing an additional 569 shares in the last quarter. 23.04% of the stock is owned by institutional investors.

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.