MarketWise (NASDAQ:MKTW) Trading Up 0.3% – Time to Buy?

MarketWise, Inc. (NASDAQ:MKTW)’s stock price shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $16.12 and last traded at $16.09. 10,896 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 15,701 shares. The stock had previously closed at $16.04.

Wall Street Analysts Forecast Growth

MKTW has been the subject of a number of recent research reports. UBS Group reiterated an “outperform” rating on shares of MarketWise in a report on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a research report on Wednesday, October 8th. 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, MarketWise currently has an average rating of “Hold” and a consensus target price of $20.00.

MarketWise Stock Performance

The stock has a market cap of $257.92 million, a PE ratio of 6.38 and a beta of 0.52. The stock has a fifty day simple moving average of $15.82 and a two-hundred day simple moving average of $17.40.

MarketWise (NASDAQ:MKTW) last posted its quarterly earnings data on Thursday, November 6th. The newsletter publisher reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.32) by $1.90. The company had revenue of $81.27 million for the quarter, compared to the consensus estimate of $69.22 million. MarketWise had a negative return on equity of 2.62% and a net margin of 1.70%.

MarketWise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 14th. This represents a $0.80 dividend on an annualized basis and a yield of 5.0%. MarketWise’s payout ratio is currently 31.75%.

Institutional Investors Weigh In On MarketWise

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in MarketWise in the second quarter valued at $28,000. Militia Capital Partners LP acquired a new stake in shares of MarketWise in the 1st quarter worth about $35,000. XTX Topco Ltd lifted its position in MarketWise by 172.4% in the 1st quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher’s stock valued at $60,000 after purchasing an additional 77,335 shares during the last quarter. AQR Capital Management LLC boosted its stake in MarketWise by 300.5% during the 1st 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 during the period. Finally, Susquehanna International Group LLP bought a new position in MarketWise in the 3rd quarter worth approximately $191,000. 23.04% of the stock is owned by institutional investors and hedge funds.

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.