Key Points
- Insider sale: CFO Erik Mickels sold 3,334 shares on March 19 at an average $13.83 (≈$46,109), part of recent insider sales totaling 20,000 shares (~$289k) from March 10–19 that reduced his ownership by 3.77% to 85,064 shares.
- Quarterly beat: MarketWise reported EPS of $0.77 versus analysts' -$0.22 and revenue of $83.39M versus $70.6M estimated; the stock trades with a PE of 6.75 and a market cap around $248M.
- Dividend announced: a $0.20 quarterly dividend (annualized $0.80) yields about 5.2%, with an ex-dividend date of March 18 and payment on March 31 (payout ratio ~43.7%).
MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) CFO Erik Mickels sold 3,334 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $13.83, for a total value of $46,109.22. Following the sale, the chief financial officer owned 85,064 shares in the company, valued at approximately $1,176,435.12. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Erik Mickels also recently made the following trade(s):
- On Wednesday, March 18th, Erik Mickels sold 6,666 shares of MarketWise stock. The stock was sold at an average price of $14.10, for a total value of $93,990.60.
- 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.
- 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 value of $50,676.80.
MarketWise Price Performance
MarketWise stock opened at $15.45 on Friday. MarketWise, Inc. has a one year low of $9.07 and a one year high of $21.74. The business's fifty day moving average is $15.20 and its 200 day moving average is $15.68. The stock has a market capitalization of $248.14 million, a PE ratio of 6.75 and a beta of 0.55.
MarketWise (NASDAQ:MKTW - Get Free Report) last issued its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.99. The business had revenue of $83.39 million during 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.2%. MarketWise's payout ratio is currently 43.67%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. 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 worth $60,000 after purchasing an additional 91,282 shares during the period. MTM Investment Management LLC bought a new stake in MarketWise during the third quarter valued at approximately $359,000. Susquehanna International Group LLP bought a new stake in MarketWise during the third quarter valued at approximately $191,000. Raymond James Financial Inc. purchased a new stake in MarketWise during the second quarter valued at approximately $226,000. Finally, Vanguard Group Inc. increased its holdings in MarketWise by 13.8% during the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher's stock valued at $1,382,000 after buying an additional 10,113 shares during the last quarter. 23.04% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MKTW has been the topic of a number of research analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of MarketWise in a research report on Thursday, January 22nd. UBS Group reaffirmed 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 issued a Sell rating to the stock. According to MarketBeat.com, MarketWise currently has an average rating of "Hold" and a consensus price target of $20.00.
Get Our Latest Report on MarketWise
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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