MarketWise (NASDAQ:MKTW) Director Frank Porter Stansberry Purchases 17,270 Shares

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 17,270 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of $15.19 per share, with a total value of $262,331.30. Following the purchase, the director owned 250,381 shares of the company’s stock, valued at approximately $3,803,287.39. This trade represents a 7.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Frank Porter Stansberry also recently made the following trade(s):

• On Thursday, March 19th, Frank Porter Stansberry bought 23,103 shares of MarketWise stock. The shares were acquired at an average cost of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Price Performance

MKTW stock opened at $14.53 on Tuesday. MarketWise, Inc. has a 1-year low of $9.07 and a 1-year high of $21.74. The business has a 50 day simple moving average of $15.17 and a two-hundred day simple moving average of $15.63. The company has a market capitalization of $233.35 million, a price-to-earnings ratio of 6.35 and a beta of 0.55.

MarketWise (NASDAQ:MKTW) last released its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 EPS for the quarter, topping the consensus estimate 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, March 18th. MarketWise’s dividend payout ratio is 43.67%.

Institutional Investors Weigh In On MarketWise

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of MarketWise by 7.0% during the 4th quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock worth $2,293,000 after acquiring an additional 9,961 shares during the last quarter. Vanguard Group Inc. grew 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 valued at $1,382,000 after acquiring an additional 10,113 shares during the last quarter. State Street Corp increased its stake in 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 purchasing an additional 1,414 shares during the period. Renaissance Technologies LLC increased its stake in MarketWise by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 19,899 shares of the newsletter publisher’s stock worth $299,000 after purchasing an additional 900 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of MarketWise during the second quarter worth $226,000. 23.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MKTW. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketWise in a research note on Thursday, January 22nd. UBS Group reiterated an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.