MarketWise (NASDAQ:MKTW) Shares Up 4.2% – What’s Next?

Shares of MarketWise, Inc. (NASDAQ:MKTW) traded up 4.2% on Monday. The company traded as high as $19.06 and last traded at $18.77. Approximately 28,416 shares were traded during trading, an increase of 47% from the average session volume of 19,265 shares. The stock had previously closed at $18.01.

Analysts Set New Price Targets

Separately, Weiss Ratings raised MarketWise from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, MarketWise has an average rating of “Moderate Buy”.

MarketWise Stock Performance

The company has a market cap of $296.00 million, a P/E ratio of 21.33 and a beta of 0.21. The stock has a 50-day simple moving average of $18.76 and a 200 day simple moving average of $18.36.

MarketWise (NASDAQ:MKTW) last posted its earnings results on Thursday, August 6th. The newsletter publisher reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.65 by ($0.89). MarketWise had a negative return on equity of 0.96% and a net margin of 0.70%. The company had revenue of $75.81 million for the quarter, compared to the consensus estimate of $78.37 million. Sell-side analysts anticipate that MarketWise, Inc. will post 0.67 earnings per share for the current fiscal year.

MarketWise Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%. This is a decrease from MarketWise’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, August 19th. MarketWise’s dividend payout ratio (DPR) is 113.64%.

Institutional Investors Weigh In On MarketWise

A hedge fund recently raised its position in MarketWise stock. Copeland Capital Management LLC grew its stake in MarketWise, Inc. (NASDAQ:MKTW) by 34.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,125 shares of the newsletter publisher’s stock after acquiring an additional 2,580 shares during the period. Copeland Capital Management LLC owned 0.06% of MarketWise worth $200,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

MarketWise Company Profile

MarketWise, Inc is a digital subscription company that provides investment research, financial education and analytical tools for self-directed investors. Its offerings are designed to help individuals evaluate markets, identify potential investment opportunities and manage their portfolios.

The company delivers its products primarily through subscription-based newsletters, market commentary, investing and trading recommendations, online courses, software and other digital resources. Its portfolio of financial media and research brands has included Stansberry Research, InvestorPlace, TradeSmith and Chaikin Analytics.

MarketWise traces its roots to the financial publishing businesses associated with Porter Stansberry and became a publicly traded company in 2021 through a business combination with Ascendant Digital Acquisition Corp.