Insider Selling: MarketWise (NASDAQ:MKTW) CFO Sells $46,109.22 in Stock

MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels sold 3,334 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $13.83, for a total value of $46,109.22. Following the sale, the chief financial officer directly owned 85,064 shares of the company’s stock, valued at approximately $1,176,435.12. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, March 18th, Erik Mickels sold 6,666 shares of MarketWise stock. The stock was sold at an average price of $14.10, for a total transaction of $93,990.60.
• On Wednesday, March 11th, Erik Mickels sold 6,666 shares of MarketWise stock. The shares were sold at an average price of $14.73, for a total transaction of $98,190.18.
• On Tuesday, March 10th, Erik Mickels sold 3,334 shares of MarketWise stock. The shares were sold at an average price of $15.20, for a total transaction of $50,676.80.

MarketWise Stock Performance

NASDAQ MKTW opened at $15.45 on Monday. The company has a market capitalization of $248.13 million, a PE ratio of 6.75 and a beta of 0.55. MarketWise, Inc. has a 52-week low of $9.07 and a 52-week high of $21.74. The company has a 50-day simple moving average of $15.20 and a 200 day simple moving average of $15.66.

MarketWise (NASDAQ:MKTW) last released its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share for the quarter, beating 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 analysts’ expectations of $70.60 million.

MarketWise Dividend Announcement

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

Institutional Trading of MarketWise

A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in MarketWise by 7.0% in the 4th 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 period. AQR Capital Management LLC grew its holdings in 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 buying an additional 91,282 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MarketWise by 13.8% during the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock valued at $1,382,000 after buying an additional 10,113 shares during the period. State Street Corp lifted its holdings 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 buying an additional 1,414 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of MarketWise in the third quarter worth about $359,000. Hedge funds and other institutional investors own 23.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.