MarketWise, Inc. (NASDAQ:MKTW) Short Interest Update

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 18,525 shares, a drop of 22.6% from the December 15th total of 23,939 shares. Based on an average daily volume of 17,604 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 17,604 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of MarketWise

Several large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in shares of MarketWise in the second quarter worth about $28,000. AQR Capital Management LLC boosted its position in MarketWise by 300.5% in the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock valued at $60,000 after buying an additional 91,282 shares during the last quarter. Susquehanna International Group LLP acquired a new position in MarketWise in the 3rd quarter worth approximately $191,000. Raymond James Financial Inc. purchased a new position in MarketWise during the 2nd quarter worth approximately $226,000. Finally, MTM Investment Management LLC acquired a new stake in MarketWise during the 3rd quarter valued at approximately $359,000. Hedge funds and other institutional investors own 23.04% of the company’s stock.

MarketWise Stock Performance

NASDAQ:MKTW traded up $0.37 during mid-day trading on Friday, hitting $16.18. 11,705 shares of the company’s stock traded hands, compared to its average volume of 12,405. The company has a fifty day moving average of $15.74 and a 200 day moving average of $16.83. MarketWise has a twelve month low of $9.07 and a twelve month high of $21.74. The company has a market capitalization of $259.35 million, a P/E ratio of 6.42 and a beta of 0.52.

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

MarketWise Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, November 14th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, November 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.9%. MarketWise’s dividend payout ratio is presently 31.75%.

Analyst Ratings Changes

A number of equities analysts recently commented on MKTW shares. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketWise in a research note on Wednesday, October 8th. UBS Group reissued an “outperform” rating on shares of MarketWise in a research report 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.00.

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.