MarketWise (NASDAQ:MKTW) Stock Rating Upgraded by Wall Street Zen

MarketWise (NASDAQ:MKTW) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

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

MarketWise Trading Down 1.2%

Shares of MKTW opened at $21.47 on Friday. The company has a market cap of $338.58 million, a P/E ratio of 25.87 and a beta of 0.28. MarketWise has a twelve month low of $13.49 and a twelve month high of $22.83. The company’s fifty day simple moving average is $19.12 and its 200-day simple moving average is $17.78.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings data on Thursday, November 5th. The newsletter publisher reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.35. MarketWise had a net margin of 0.70% and a negative return on equity of 0.96%. The firm had revenue of $80.09 million for the quarter, compared to analyst estimates of $78.36 million. Analysts predict that MarketWise will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of MarketWise

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in MarketWise by 7.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,939 shares of the newsletter publisher’s stock valued at $157,000 after acquiring an additional 569 shares during the period. Copeland Capital Management LLC increased its position in MarketWise by 34.2% during the third quarter. Copeland Capital Management LLC now owns 10,125 shares of the newsletter publisher’s stock worth $200,000 after purchasing an additional 2,580 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in MarketWise by 36.6% during the first quarter. Renaissance Technologies LLC now owns 27,174 shares of the newsletter publisher’s stock valued at $509,000 after buying an additional 7,275 shares in the last quarter. 23.04% of the stock is owned by institutional investors and hedge funds.

MarketWise Company Profile

MarketWise, Inc is a digital subscription-based financial research and education company. It provides individual investors with investment research, market analysis, trading ideas, educational content and portfolio-management tools designed to support self-directed investing.

The company operates a portfolio of financial media and research brands, including Stansberry Research, InvestorPlace, Empire Financial Research, Chaikin Analytics and TradeSmith. Its offerings generally include newsletters, analyst research, market commentary, trading and investing courses, software tools, and premium subscription services covering stocks, options, cryptocurrencies and other investment topics.

MarketWise distributes its products primarily through digital channels, including websites, email, online publications and subscription platforms, serving customers in the United States and other international markets.