MarketWise (NASDAQ:MKTW) Trading 0.3% Higher – What’s Next?

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MKTW. UBS Group restated an “outperform” rating on shares of MarketWise in a research note on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a research report on Wednesday, October 8th. 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, the stock has a consensus rating of “Hold” and an average price target of $20.00.

MarketWise Price Performance

The company has a market capitalization of $257.92 million, a PE ratio of 6.38 and a beta of 0.52. The stock has a 50-day simple moving average of $15.82 and a 200 day simple moving average of $17.40.

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

MarketWise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders 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 presently 31.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MKTW. Russell Investments Group Ltd. acquired a new position in shares of MarketWise during the 2nd quarter worth approximately $28,000. Raymond James Financial Inc. purchased a new position in MarketWise during the second quarter worth $226,000. Susquehanna International Group LLP acquired a new position in shares of MarketWise in the third quarter worth $191,000. MTM Investment Management LLC acquired a new position in shares of MarketWise in the third quarter worth $359,000. Finally, Militia Capital Partners LP acquired a new position in shares of MarketWise in the first quarter worth $35,000. 23.04% of the stock is owned by hedge funds and other institutional investors.

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.