MarketWise (NASDAQ:MKTW) Director Acquires $345,921.00 in Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 20,100 shares of the stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $17.21 per share, for a total transaction of $345,921.00. Following the purchase, the director directly owned 355,490 shares in the company, valued at approximately $6,117,982.90. The trade was a 5.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Frank Porter Stansberry also recently made the following trade(s):

• On Monday, May 18th, Frank Porter Stansberry bought 3,623 shares of MarketWise stock. The shares were acquired at an average cost of $16.50 per share, with a total value of $59,779.50.
• On Friday, May 15th, Frank Porter Stansberry bought 11 shares of MarketWise stock. The shares were acquired at an average price of $16.71 per share, with a total value of $183.81.
• On Thursday, May 14th, Frank Porter Stansberry purchased 20,000 shares of MarketWise stock. The stock was 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 stock was bought at an average cost of $18.89 per share, for a total transaction of $188,900.00.
• On Friday, May 8th, Frank Porter Stansberry acquired 41,375 shares of MarketWise stock. The shares were bought at an average price of $18.99 per share, with a total value of $785,711.25.
• On Friday, March 20th, Frank Porter Stansberry acquired 17,270 shares of MarketWise stock. The shares were bought at an average cost of $15.19 per share, with a total value of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry bought 23,103 shares of MarketWise stock. The stock was bought at an average price of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Price Performance

Shares of NASDAQ MKTW opened at $17.99 on Monday. MarketWise, Inc. has a 12 month low of $13.49 and a 12 month high of $21.74. The company has a market cap of $281.18 million, a price-to-earnings ratio of 10.90 and a beta of 0.25. The business has a fifty day simple moving average of $17.11 and a 200-day simple moving average of $16.11.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings results on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share for the quarter. MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%.The company had revenue of $77.03 million during the quarter, compared to analysts’ expectations of $80.74 million. As a group, sell-side analysts expect that MarketWise, Inc. will post 2.92 EPS for the current fiscal year.

MarketWise Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.25 per share. This is an increase from MarketWise’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Friday, May 15th. MarketWise’s dividend payout ratio (DPR) is presently 60.61%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of MarketWise from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings downgraded shares of MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.00.

Hedge Funds Weigh In On MarketWise

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in shares of MarketWise in the 2nd quarter valued at about $28,000. Wells Fargo & Company MN boosted its holdings 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 during the period. AQR Capital Management LLC grew its position in MarketWise by 300.5% during the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock valued at $60,000 after purchasing an additional 91,282 shares in the last quarter. Susquehanna International Group LLP purchased a new position in MarketWise during the third quarter valued at approximately $191,000. Finally, Raymond James Financial Inc. acquired a new position in MarketWise in the 2nd quarter valued at approximately $226,000. Hedge funds and other institutional investors own 23.04% of the company’s stock.

MarketWise Company Profile

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.