Key Points
- CFO Erik Mickels sold 6,666 shares of MarketWise on March 11 at an average price of $14.73 for $98,190, cutting his stake by 10.56% to 56,437 shares (he also sold 3,334 shares on March 10 at $15.20).
- Strong quarterly results: MarketWise reported $0.77 EPS (vs. consensus −$0.22) and revenue of $83.39M (vs. $70.6M expected), beating estimates for the quarter.
- Dividend and market data: the company declared a $0.20 quarterly dividend (annualized $0.80, 5.6% yield; ex-dividend March 18, payable March 31), while the stock traded at $14.20 (down 2.1%) with a market cap of about $228M and a P/E of 6.2.
MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) CFO Erik Mickels sold 3,334 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 63,103 shares in the company, valued at approximately $959,165.60. This represents a 5.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $14.73, for a total value of $98,190.18.
MarketWise Stock Down 2.2%
MKTW traded down $0.32 during midday trading on Friday, hitting $14.18. 6,260 shares of the company were exchanged, compared to its average volume of 11,021. The firm has a market capitalization of $227.37 million, a P/E ratio of 6.17 and a beta of 0.55. MarketWise, Inc. has a 1-year low of $9.07 and a 1-year high of $21.74. The firm's 50 day moving average price is $15.25 and its 200-day moving average price is $15.83.
MarketWise (NASDAQ:MKTW - Get Free Report) last released its quarterly earnings results on Friday, March 6th. The newsletter publisher reported $0.77 EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.99. The firm had revenue of $83.39 million for the quarter, compared to analyst estimates of $70.60 million. MarketWise had a negative return on equity of 2.54% and a net margin of 1.71%.
MarketWise Dividend Announcement
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 issued a $0.20 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.80 annualized dividend and a yield of 5.6%. MarketWise's dividend payout ratio is presently 34.93%.
Institutional Trading of MarketWise
Several large investors have recently modified their holdings of MKTW. Russell Investments Group Ltd. bought a new stake in shares of MarketWise in the 2nd quarter valued at $28,000. Wells Fargo & Company MN boosted its stake in MarketWise by 52.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher's stock worth $33,000 after acquiring an additional 757 shares in the last quarter. AQR Capital Management LLC grew its holdings in MarketWise by 300.5% in the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher's stock worth $60,000 after purchasing an additional 91,282 shares during the period. Susquehanna International Group LLP acquired a new stake in MarketWise in the third quarter worth $191,000. Finally, Raymond James Financial Inc. bought a new stake in MarketWise in the second quarter valued at $226,000. Institutional investors and hedge funds own 23.04% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on MKTW shares. UBS Group restated an "outperform" rating on shares of MarketWise in a research report on Monday, November 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of MarketWise in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $20.00.
Check Out Our Latest Report on MKTW
MarketWise Company Profile
(
Get Free Report)
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.
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