MarketWise (NASDAQ:MKTW) Director Purchases $362,400.00 in Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $18.12 per share, for a total transaction of $362,400.00. Following the completion of the acquisition, the director owned 331,756 shares of the company’s stock, valued at $6,011,418.72. This trade represents a 6.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, May 11th, Frank Porter Stansberry acquired 10,000 shares of MarketWise stock. The stock was bought at an average cost of $18.89 per share, for a total transaction of $188,900.00.
• On Friday, May 8th, Frank Porter Stansberry bought 41,375 shares of MarketWise stock. The stock was bought at an average cost of $18.99 per share, with a total value of $785,711.25.
• On Friday, March 20th, Frank Porter Stansberry bought 17,270 shares of MarketWise stock. The shares were purchased at an average price of $15.19 per share, with a total value of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry purchased 23,103 shares of MarketWise stock. The stock was purchased at an average cost of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Price Performance

Shares of MarketWise stock opened at $16.77 on Friday. The firm has a market cap of $262.12 million, a price-to-earnings ratio of 10.16 and a beta of 0.25. The stock’s 50-day moving average is $16.89 and its 200-day moving average is $16.06. MarketWise, Inc. has a one year low of $13.49 and a one year high of $21.74.

MarketWise (NASDAQ:MKTW) last posted its quarterly earnings data on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share (EPS) for the quarter. MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%.The firm had revenue of $77.03 million for the quarter, compared to the consensus estimate of $80.74 million. On average, equities analysts expect that MarketWise, Inc. will post 2.92 EPS for the current year.

MarketWise Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 6.0%. This is an increase from MarketWise’s previous quarterly dividend of $0.20. MarketWise’s dividend payout ratio (DPR) is 60.61%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of MarketWise from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings downgraded shares of MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.00.

Hedge Funds Weigh In On MarketWise

A number of institutional investors have recently added to or reduced their stakes in MKTW. Wells Fargo & Company MN raised its position in MarketWise by 52.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher’s stock worth $33,000 after acquiring an additional 757 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of MarketWise by 60.7% in the 4th quarter. Russell Investments Group Ltd. now owns 2,047 shares of the newsletter publisher’s stock valued at $31,000 after acquiring an additional 773 shares during the period. Renaissance Technologies LLC increased its stake in shares of MarketWise by 4.7% during the 4th 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 last quarter. State Street Corp increased its stake in shares of MarketWise by 5.2% during the 4th 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 last quarter. Finally, Barclays PLC raised its holdings in shares of MarketWise by 7.0% in the 4th quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock valued at $2,293,000 after purchasing an additional 9,961 shares during the period. 23.04% of the stock is currently owned by institutional investors and hedge funds.

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.