MarketWise (NASDAQ:MKTW) Director Purchases $59,779.50 in Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 3,623 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $16.50 per share, with a total value of $59,779.50. Following the completion of the transaction, the director owned 335,390 shares of the company’s stock, valued at approximately $5,533,935. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, May 15th, Frank Porter Stansberry acquired 11 shares of MarketWise stock. The stock was acquired at an average cost of $16.71 per share, with a total value of $183.81.
• On Thursday, May 14th, Frank Porter Stansberry acquired 20,000 shares of MarketWise stock. The shares were bought at an average price of $18.12 per share, for a total transaction of $362,400.00.
• On Monday, May 11th, Frank Porter Stansberry acquired 10,000 shares of MarketWise stock. The shares were bought at an average price 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, for a total transaction 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 price of $15.19 per share, for a total transaction of $262,331.30.
• 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, for a total transaction of $329,910.84.

MarketWise Price Performance

MarketWise stock opened at $17.68 on Friday. The stock’s fifty day moving average price is $17.05 and its two-hundred day moving average price is $16.10. MarketWise, Inc. has a one year low of $13.49 and a one year high of $21.74. The firm has a market cap of $276.34 million, a PE ratio of 10.72 and a beta of 0.25.

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

MarketWise Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, May 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, May 15th. This is a positive change from MarketWise’s previous quarterly dividend of $0.20. MarketWise’s dividend payout ratio is 60.61%.

Institutional Investors Weigh In On MarketWise

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of MarketWise by 36.6% during the 1st quarter. Renaissance Technologies LLC now owns 27,174 shares of the newsletter publisher’s stock valued at $509,000 after acquiring an additional 7,275 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of MarketWise by 60.7% during the 4th quarter. Russell Investments Group Ltd. now owns 2,047 shares of the newsletter publisher’s stock valued at $31,000 after acquiring an additional 773 shares in the last quarter. Barclays PLC boosted its holdings in shares of MarketWise by 7.0% during the 4th quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock valued at $2,293,000 after acquiring an additional 9,961 shares in the last quarter. State Street Corp boosted its holdings in shares of MarketWise by 5.2% during the 4th quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock valued at $432,000 after acquiring an additional 1,414 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of MarketWise by 52.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher’s stock valued at $33,000 after acquiring an additional 757 shares in the last quarter. Institutional investors and hedge funds own 23.04% of the company’s stock.

Analyst Ratings Changes

MKTW has been the topic of several recent analyst reports. Weiss Ratings lowered MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen lowered MarketWise from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.