MarketWise (NASDAQ:MKTW) Director Frank Porter Stansberry Acquires 10,000 Shares of Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry bought 10,000 shares of MarketWise stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $17.88 per share, with a total value of $178,800.00. Following the acquisition, the director directly owned 365,490 shares of the company’s stock, valued at approximately $6,534,961.20. This represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, May 20th, Frank Porter Stansberry bought 20,100 shares of MarketWise stock. The stock was acquired at an average price of $17.21 per share, with a total value of $345,921.00.
• On Monday, May 18th, Frank Porter Stansberry bought 3,623 shares of MarketWise stock. The stock was acquired at an average price of $16.50 per share, with a total value of $59,779.50.
• On Friday, May 15th, Frank Porter Stansberry acquired 11 shares of MarketWise stock. The shares were purchased at an average price 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 purchased at an average price of $18.12 per share, with a total value of $362,400.00.
• On Monday, May 11th, Frank Porter Stansberry acquired 10,000 shares of MarketWise stock. The shares were purchased at an average price of $18.89 per share, with a total value of $188,900.00.
• On Friday, May 8th, Frank Porter Stansberry acquired 41,375 shares of MarketWise stock. The shares were purchased 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 purchased at an average price of $15.19 per share, with a total value of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry acquired 23,103 shares of MarketWise stock. The shares were purchased at an average price of $14.28 per share, with a total value of $329,910.84.

MarketWise Trading Down 4.2%

Shares of NASDAQ:MKTW opened at $17.23 on Wednesday. MarketWise, Inc. has a 1 year low of $13.49 and a 1 year high of $21.74. The business has a fifty day simple moving average of $17.24 and a 200 day simple moving average of $16.13. The firm has a market cap of $269.30 million, a price-to-earnings ratio of 10.44 and a beta of 0.25.

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

MarketWise Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.8%. This is an increase from MarketWise’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, May 15th. MarketWise’s dividend payout ratio is 60.61%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MKTW. Weiss Ratings lowered MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Wall Street Zen lowered MarketWise from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.00.

Institutional Investors Weigh In On MarketWise

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in shares of MarketWise by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 19,899 shares of the newsletter publisher’s stock valued at $299,000 after purchasing an additional 900 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of MarketWise by 60.7% in the fourth quarter. Russell Investments Group Ltd. now owns 2,047 shares of the newsletter publisher’s stock valued at $31,000 after purchasing an additional 773 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MarketWise in the second quarter valued at about $226,000. Vanguard Group Inc. grew its position in shares of MarketWise by 13.8% in the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock valued at $1,382,000 after purchasing an additional 10,113 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of MarketWise in the third quarter valued at about $359,000. 23.04% of the stock is owned by institutional investors and hedge funds.

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.