Erik Mickels Sells 6,666 Shares of MarketWise (NASDAQ:MKTW) Stock

MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels sold 6,666 shares of MarketWise stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $14.73, for a total transaction of $98,190.18. Following the completion of the sale, the chief financial officer owned 56,437 shares in the company, valued at approximately $831,317.01. This trade represents a 10.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Price Performance

MKTW stock opened at $14.15 on Friday. MarketWise, Inc. has a 1 year low of $9.07 and a 1 year high of $21.74. The firm has a 50-day moving average of $15.24 and a 200 day moving average of $15.80. The company has a market cap of $226.82 million, a P/E ratio of 6.18 and a beta of 0.55.

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

MarketWise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.80 annualized dividend and a dividend yield of 5.7%. MarketWise’s payout ratio is currently 34.93%.

Institutional Trading of MarketWise

Hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in shares of 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 buying an additional 9,961 shares during the last quarter. AQR Capital Management LLC raised its stake in MarketWise by 300.5% during the first 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 during the last quarter. Vanguard Group Inc. raised its stake in 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 last quarter. State Street Corp boosted its holdings 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 acquiring an additional 1,414 shares in the last quarter. Finally, MTM Investment Management LLC bought a new stake in MarketWise in the third quarter worth $359,000. 23.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MKTW. UBS Group reiterated an “outperform” rating on shares of MarketWise in a report on Monday, November 24th. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.