MarketWise (NASDAQ:MKTW) Director Buys $188,900.00 in Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 10,000 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $18.89 per share, with a total value of $188,900.00. Following the purchase, the director owned 301,756 shares in the company, valued at $5,700,170.84. This represents a 3.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, May 8th, Frank Porter Stansberry bought 41,375 shares of MarketWise stock. The stock was bought at an average cost 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 stock was purchased at an average cost of $15.19 per share, with a total value of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry purchased 23,103 shares of MarketWise stock. The shares were purchased at an average cost of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Stock Down 3.1%

Shares of NASDAQ:MKTW traded down $0.58 on Tuesday, reaching $18.06. 25,097 shares of the company’s stock were exchanged, compared to its average volume of 20,797. The business’s 50-day moving average is $16.61 and its two-hundred day moving average is $15.99. MarketWise, Inc. has a fifty-two week low of $13.49 and a fifty-two week high of $21.74. The firm has a market capitalization of $290.04 million, a price-to-earnings ratio of 10.95 and a beta of 0.25.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings results on Thursday, May 7th. The newsletter publisher reported ($0.23) EPS for the quarter. The firm had revenue of $77.03 million for the quarter, compared to the consensus estimate of $80.74 million. MarketWise had a negative return on equity of 1.87% and a net margin of 1.29%. Analysts predict that MarketWise, Inc. will post 2.92 earnings per share for the current fiscal year.

MarketWise Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. This is a positive change from MarketWise’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, May 15th. MarketWise’s payout ratio is currently 60.61%.

Institutional Trading of MarketWise

Several institutional investors and hedge funds have recently bought and sold shares of MKTW. AQR Capital Management LLC lifted its stake 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 buying an additional 91,282 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of MarketWise in the second quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of MarketWise during the second quarter valued at approximately $226,000. MTM Investment Management LLC purchased a new stake in shares of MarketWise in the 3rd quarter valued at approximately $359,000. Finally, Vanguard Group Inc. boosted its stake in MarketWise by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock worth $1,382,000 after purchasing an additional 10,113 shares during the period. Institutional investors and hedge funds own 23.04% of the company’s stock.

Wall Street Analysts Forecast Growth

MKTW has been the subject of a number of research reports. Weiss Ratings cut shares of MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Wall Street Zen downgraded MarketWise from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.00.

About MarketWise

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.