MarketWise (NASDAQ:MKTW) Director Purchases $59,779.50 in Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry purchased 3,623 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $16.50 per share, for a total transaction of $59,779.50. Following the transaction, the director directly owned 335,390 shares in the company, valued at approximately $5,533,935. This represents a 1.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, May 15th, Frank Porter Stansberry acquired 11 shares of MarketWise stock. The shares were bought at an average cost of $16.71 per share, for a total transaction of $183.81.
• On Thursday, May 14th, Frank Porter Stansberry acquired 20,000 shares of MarketWise stock. The shares were bought at an average cost of $18.12 per share, for a total transaction of $362,400.00.
• On Monday, May 11th, Frank Porter Stansberry acquired 10,000 shares of MarketWise stock. The shares were bought at an average cost of $18.89 per share, for a total transaction of $188,900.00.
• On Friday, May 8th, Frank Porter Stansberry acquired 41,375 shares of MarketWise stock. The shares were bought at an average cost of $18.99 per share, for a total transaction of $785,711.25.
• On Friday, March 20th, Frank Porter Stansberry acquired 17,270 shares of MarketWise stock. The shares were bought at an average cost of $15.19 per share, for a total transaction of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry acquired 23,103 shares of MarketWise stock. The shares were bought at an average cost of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Stock Performance

MKTW stock traded down $0.23 during trading on Tuesday, reaching $16.37. 11,881 shares of the company traded hands, compared to its average volume of 35,129. The business has a 50 day simple moving average of $16.96 and a 200 day simple moving average of $16.10. MarketWise, Inc. has a 12 month low of $13.49 and a 12 month high of $21.74. The company has a market capitalization of $255.86 million, a price-to-earnings ratio of 9.92 and a beta of 0.25.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings results on Thursday, May 7th. The newsletter publisher reported ($0.23) EPS for the quarter. MarketWise had a net margin of 1.29% and a negative return on equity of 1.86%. The business had revenue of $77.03 million during the quarter, compared to analysts’ expectations of $80.74 million. As a group, research analysts forecast that MarketWise, Inc. will post 2.92 EPS for the current year.

MarketWise Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Friday, May 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.1%. This is a boost from MarketWise’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, May 15th. MarketWise’s dividend payout ratio (DPR) is 60.61%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MKTW shares. Wall Street Zen cut MarketWise from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings cut MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.00.

Institutional Trading of MarketWise

A number of institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of MarketWise by 7.0% in the fourth quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock worth $2,293,000 after acquiring an additional 9,961 shares during the last quarter. AQR Capital Management LLC boosted its stake 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 during the last quarter. Vanguard Group Inc. boosted its stake in MarketWise by 13.8% during the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock worth $1,382,000 after buying an additional 10,113 shares during the last quarter. State Street Corp boosted its stake in MarketWise by 5.2% during the fourth quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock worth $432,000 after buying an additional 1,414 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in MarketWise by 36.6% during the first quarter. Renaissance Technologies LLC now owns 27,174 shares of the newsletter publisher’s stock worth $509,000 after buying an additional 7,275 shares during the last quarter. 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.