Key Points
- Director Frank Porter Stansberry bought 20,100 MarketWise shares at an average of $17.21 each, a $345,921 purchase that lifted his holdings to 355,490 shares.
- The purchase follows a series of recent insider buys by Stansberry, including several large transactions in May and March, signaling continued accumulation of MarketWise stock.
- MarketWise recently raised its quarterly dividend to $0.25 per share, while analysts currently have an average Hold rating and a $20.00 target price on the stock.
MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) Director Frank Porter Stansberry purchased 20,100 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of $17.21 per share, for a total transaction of $345,921.00. Following the completion of the acquisition, the director directly owned 355,490 shares in the company, valued at approximately $6,117,982.90. This represents a 5.99% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Frank Porter Stansberry also recently made the following trade(s):
- On Monday, May 18th, Frank Porter Stansberry purchased 3,623 shares of MarketWise stock. The shares were acquired at an average price of $16.50 per share, for a total transaction of $59,779.50.
- On Friday, May 15th, Frank Porter Stansberry purchased 11 shares of MarketWise stock. The shares were acquired at an average price of $16.71 per share, for a total transaction of $183.81.
- On Thursday, May 14th, Frank Porter Stansberry purchased 20,000 shares of MarketWise stock. The shares were acquired at an average price of $18.12 per share, for a total transaction of $362,400.00.
- On Monday, May 11th, Frank Porter Stansberry purchased 10,000 shares of MarketWise stock. The shares were acquired at an average price of $18.89 per share, for a total transaction of $188,900.00.
- On Friday, May 8th, Frank Porter Stansberry purchased 41,375 shares of MarketWise stock. The shares were acquired at an average price of $18.99 per share, for a total transaction of $785,711.25.
- On Friday, March 20th, Frank Porter Stansberry purchased 17,270 shares of MarketWise stock. The shares were acquired at an average price of $15.19 per share, for a total transaction of $262,331.30.
- On Thursday, March 19th, Frank Porter Stansberry purchased 23,103 shares of MarketWise stock. The shares were acquired at an average price of $14.28 per share, for a total transaction of $329,910.84.
MarketWise Stock Performance
MarketWise stock opened at $17.99 on Friday. The stock has a market capitalization of $281.18 million, a price-to-earnings ratio of 10.90 and a beta of 0.25. MarketWise, Inc. has a 52-week low of $13.49 and a 52-week high of $21.74. The stock's 50 day moving average price is $17.11 and its two-hundred day moving average price is $16.12.
MarketWise (NASDAQ:MKTW - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share (EPS) for the quarter. MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%.The business had revenue of $77.03 million for the quarter, compared to the consensus estimate of $80.74 million. On average, equities research analysts forecast that MarketWise, Inc. will post 2.92 EPS for the current year.
MarketWise Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, May 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.6%. This is an increase from MarketWise's previous quarterly dividend of $0.20. MarketWise's dividend payout ratio (DPR) is 60.61%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on MKTW shares. Weiss Ratings cut MarketWise from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, May 11th. Wall Street Zen cut MarketWise from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.00.
View Our Latest Report on MarketWise
Institutional Investors Weigh In On MarketWise
A number of institutional investors and hedge funds have recently bought and sold shares of MKTW. AQR Capital Management LLC raised its position in MarketWise by 300.5% in the 1st 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. Russell Investments Group Ltd. purchased a new stake in MarketWise in the 2nd quarter valued at $28,000. Raymond James Financial Inc. purchased a new stake in MarketWise in the 2nd quarter valued at $226,000. MTM Investment Management LLC purchased a new stake in MarketWise in the 3rd quarter valued at $359,000. Finally, Vanguard Group Inc. raised its position in MarketWise by 13.8% in the 3rd 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.
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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