Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Increases By 32.4%

MarketWise, Inc. (NASDAQ:MKTW) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 28,122 shares, a growth of 32.4% from the February 12th total of 21,243 shares. Based on an average daily trading volume, of 5,580 shares, the short-interest ratio is presently 5.0 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 5,580 shares, the short-interest ratio is presently 5.0 days.

MarketWise Trading Down 2.4%

Shares of NASDAQ MKTW traded down $0.35 during midday trading on Friday, hitting $14.15. The company’s stock had a trading volume of 8,891 shares, compared to its average volume of 13,008. The firm has a market capitalization of $226.81 million, a price-to-earnings ratio of 6.18 and a beta of 0.55. The stock has a fifty day moving average price of $15.24 and a 200 day moving average price of $15.78. MarketWise has a one year low of $9.07 and a one year high of $21.74.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data 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 company had revenue of $83.39 million during the quarter, compared to the consensus estimate of $70.60 million.

MarketWise Announces Dividend

The business also recently declared 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. 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 43.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated 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 report on Monday, November 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MarketWise currently has an average rating of “Hold” and an average target price of $20.00.

Insider Buying and Selling

In other MarketWise news, CFO Erik Mickels sold 6,666 shares of MarketWise stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $14.73, for a total value of $98,190.18. Following the sale, the chief financial officer owned 56,437 shares of the company’s stock, valued at approximately $831,317.01. The trade was a 10.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 29.25% of the company’s stock.

Institutional Trading of MarketWise

A number of institutional investors have recently added to or reduced their stakes in MKTW. AQR Capital Management LLC lifted 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 worth $60,000 after purchasing an additional 91,282 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in MarketWise during the 2nd quarter valued at about $28,000. Raymond James Financial Inc. bought a new stake in shares of MarketWise during the second quarter valued at about $226,000. MTM Investment Management LLC purchased a new stake in shares of MarketWise in the third quarter worth about $359,000. Finally, Vanguard Group Inc. lifted its holdings in shares of MarketWise by 13.8% in the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock worth $1,382,000 after buying an additional 10,113 shares in the last quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

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.