MarketWise, Inc. (NASDAQ:MKTW) Sees Significant Growth in Short Interest

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 28,122 shares, an increase of 32.4% from the February 12th total of 21,243 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 5,580 shares, the days-to-cover ratio is presently 5.0 days. Based on an average trading volume of 5,580 shares, the days-to-cover ratio is presently 5.0 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

MKTW has been the topic of several research analyst reports. UBS Group reiterated an “outperform” rating on shares of MarketWise in a research note on Monday, November 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketWise in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, MarketWise currently has an average rating of “Hold” and a consensus price target of $20.00.

Insider Buying and Selling at MarketWise

In related news, CFO Erik Mickels sold 6,666 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $14.73, for a total value of $98,190.18. Following the transaction, the chief financial officer owned 56,437 shares of the company’s stock, valued at $831,317.01. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 29.25% of the company’s stock.

Hedge Funds Weigh In On MarketWise

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its position in MarketWise by 7.0% during the fourth quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock worth $2,293,000 after purchasing an additional 9,961 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of MarketWise by 300.5% in the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after purchasing an additional 91,282 shares during the period. Vanguard Group Inc. increased its position in MarketWise by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock worth $1,382,000 after purchasing an additional 10,113 shares in the last quarter. State Street Corp increased its position in shares of MarketWise by 5.2% in the fourth quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock worth $432,000 after acquiring an additional 1,414 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new stake in MarketWise during the 3rd quarter worth $359,000. 23.04% of the stock is currently owned by institutional investors and hedge funds.

MarketWise Stock Performance

Shares of NASDAQ MKTW opened at $14.40 on Tuesday. MarketWise has a one year low of $9.07 and a one year high of $21.74. The firm has a market capitalization of $231.26 million, a P/E ratio of 6.29 and a beta of 0.55. The company’s fifty day moving average is $15.22 and its two-hundred day moving average is $15.75.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Friday, March 6th. The newsletter publisher reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.99. MarketWise had a net margin of 1.71% and a negative return on equity of 2.54%. The firm had revenue of $83.39 million for the quarter, compared to the consensus estimate of $70.60 million.

MarketWise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.80 annualized dividend and a yield of 5.6%. MarketWise’s dividend payout ratio (DPR) is presently 34.93%.

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.