MarketWise, Inc. (NASDAQ:MKTW) Short Interest Update

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 30,056 shares, an increase of 62.2% from the December 31st total of 18,525 shares. Based on an average daily trading volume, of 6,156 shares, the days-to-cover ratio is currently 4.9 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 6,156 shares, the days-to-cover ratio is currently 4.9 days.

Institutional Trading of MarketWise

Several hedge funds and other institutional investors have recently made changes to their positions in MKTW. AQR Capital Management LLC boosted its holdings in MarketWise by 300.5% during the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after buying an additional 91,282 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of MarketWise during the 3rd quarter valued at approximately $359,000. Susquehanna International Group LLP acquired a new stake in shares of MarketWise during the 3rd quarter valued at approximately $191,000. Raymond James Financial Inc. purchased a new stake in shares of MarketWise during the 2nd quarter worth approximately $226,000. Finally, Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 10,113 shares during the period. Institutional investors and hedge funds own 23.04% of the company’s stock.

MarketWise Price Performance

Shares of MKTW stock traded down $0.02 during trading hours on Friday, reaching $16.55. 7,522 shares of the company’s stock were exchanged, compared to its average volume of 7,470. The company’s 50 day moving average is $15.76 and its two-hundred day moving average is $16.68. The company has a market cap of $265.28 million, a P/E ratio of 6.57 and a beta of 0.52. MarketWise has a 1 year low of $9.07 and a 1 year high of $21.74.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MKTW shares. UBS Group reaffirmed an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently 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.