Key Points
- Frank Porter Stansberry, a MarketWise director, bought 23,103 shares at $14.28 on March 19 (bringing his stake to 233,111 shares, an 11% increase) and added 17,270 shares at $15.19 on March 20, totaling roughly $592k in insider purchases.
- MarketWise reported a strong quarter on March 6 with EPS of $0.77, beating estimates by $0.99, and revenue of $83.39 million versus $70.60 million expected.
- The company declared a quarterly dividend of $0.20 (annualized $0.80) for a 5.5% yield
MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) Director Frank Porter Stansberry purchased 17,270 shares of MarketWise stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of $15.19 per share, for a total transaction of $262,331.30. Following the purchase, the director directly owned 250,381 shares in the company, valued at $3,803,287.39. This trade represents a 7.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Frank Porter Stansberry also recently made the following trade(s):
- On Thursday, March 19th, Frank Porter Stansberry acquired 23,103 shares of MarketWise stock. The shares were bought at an average price of $14.28 per share, with a total value of $329,910.84.
MarketWise Price Performance
MarketWise stock opened at $14.53 on Tuesday. The stock has a market cap of $233.35 million, a price-to-earnings ratio of 6.35 and a beta of 0.55. The firm has a 50-day moving average of $15.17 and a two-hundred day moving average of $15.63. MarketWise, Inc. has a 1 year low of $9.07 and a 1 year high of $21.74.
MarketWise (NASDAQ:MKTW - Get Free Report) last issued its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.99. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%. The business had revenue of $83.39 million for the quarter, compared to analyst estimates of $70.60 million.
MarketWise Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.80 annualized dividend and a yield of 5.5%. MarketWise's dividend payout ratio is 43.67%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on MKTW. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of MarketWise in a research report on Thursday, January 22nd. UBS Group restated an "outperform" rating on shares of MarketWise in a research note on Monday, November 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.00.
View Our Latest Stock Analysis on MKTW
Hedge Funds Weigh In On MarketWise
A number of hedge funds and other institutional investors have recently modified their holdings of MKTW. Russell Investments Group Ltd. acquired a new stake in MarketWise in the second quarter valued at approximately $28,000. Wells Fargo & Company MN increased its position in shares of 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 purchasing an additional 757 shares in the last quarter. AQR Capital Management LLC increased its position in shares of MarketWise by 300.5% during 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 in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of MarketWise during the 3rd quarter valued at $191,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of MarketWise during the 2nd quarter valued at $226,000. 23.04% of the stock is currently owned by institutional investors.
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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