Insider Selling: MarketWise (NASDAQ:MKTW) CFO Sells $93,990.60 in Stock

MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels sold 6,666 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $14.10, for a total value of $93,990.60. Following the completion of the transaction, the chief financial officer directly owned 88,398 shares in the company, valued at $1,246,411.80. This represents a 7.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Erik Mickels also recently made the following trade(s):

• On Thursday, March 19th, Erik Mickels sold 3,334 shares of MarketWise stock. The stock was sold at an average price of $13.83, for a total value of $46,109.22.
• On Wednesday, March 11th, Erik Mickels sold 6,666 shares of MarketWise stock. The stock was sold at an average price of $14.73, for a total value of $98,190.18.
• On Tuesday, March 10th, Erik Mickels sold 3,334 shares of MarketWise stock. The stock was sold at an average price of $15.20, for a total value of $50,676.80.

MarketWise Stock Up 4.4%

Shares of NASDAQ MKTW opened at $15.45 on Monday. MarketWise, Inc. has a 12 month low of $9.07 and a 12 month high of $21.74. The company has a market cap of $248.13 million, a price-to-earnings ratio of 6.75 and a beta of 0.55. The business has a fifty day simple moving average of $15.20 and a 200-day simple moving average of $15.66.

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

MarketWise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, March 18th. MarketWise’s dividend payout ratio (DPR) is 43.67%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of MarketWise by 300.5% during the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock valued at $60,000 after acquiring an additional 91,282 shares in the last quarter. MTM Investment Management LLC acquired a new stake in MarketWise during the third quarter valued at $359,000. Susquehanna International Group LLP purchased a new position in MarketWise in the third quarter valued at about $191,000. Raymond James Financial Inc. purchased a new position in MarketWise in the second quarter valued at about $226,000. Finally, Vanguard Group Inc. increased its position in MarketWise by 13.8% in 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 during the last quarter. Institutional investors and hedge funds own 23.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketWise in a research note on Thursday, January 22nd. UBS Group reissued an “outperform” rating on shares of MarketWise in a research note on Monday, November 24th. One 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, the stock has an average rating of “Hold” and a consensus price target of $20.00.

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.