MarketWise (NASDAQ:MKTW) Shares Down 0.7% – What’s Next?

MarketWise, Inc. (NASDAQ:MKTW)’s share price fell 0.7% on Wednesday . The stock traded as low as $15.90 and last traded at $15.99. 3,442 shares were traded during mid-day trading, a decline of 56% from the average session volume of 7,799 shares. The stock had previously closed at $16.11.

Analyst Upgrades and Downgrades

MKTW has been the subject of a number of analyst reports. UBS Group reaffirmed an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketWise in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.00.

MarketWise Stock Performance

The firm has a 50-day moving average of $15.81 and a 200-day moving average of $17.31. The firm has a market capitalization of $256.32 million, a P/E ratio of 6.35 and a beta of 0.53.

MarketWise (NASDAQ:MKTW) last announced its quarterly earnings results on Thursday, November 6th. The newsletter publisher reported $0.58 earnings per share (EPS) 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 firm had revenue of $81.27 million for the quarter, compared to the consensus estimate of $69.22 million.

MarketWise Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, November 14th. MarketWise’s dividend payout ratio (DPR) is presently 31.75%.

Institutional Investors Weigh In On MarketWise

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in MarketWise during the 2nd quarter valued at $28,000. Raymond James Financial Inc. bought a new stake in shares of MarketWise in the second quarter worth $226,000. Susquehanna International Group LLP bought a new stake in shares of MarketWise in the third quarter worth $191,000. MTM Investment Management LLC purchased a new stake in MarketWise during the third quarter valued at $359,000. Finally, Militia Capital Partners LP bought a new position in MarketWise in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 23.04% of the company’s stock.

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.