MarketWise (NASDAQ:MKTW) Stock Price Up 3.8%

Shares of MarketWise, Inc. (NASDAQ:MKTW) rose 3.8% during mid-day trading on Wednesday . The company traded as high as $1.65 and last traded at $1.64. Approximately 15,153 shares were traded during trading, a decline of 87% from the average daily volume of 118,914 shares. The stock had previously closed at $1.58.

Analysts Set New Price Targets

Separately, UBS Group lowered their price objective on shares of MarketWise from $3.50 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th.

MarketWise Stock Up 3.1 %

The firm has a market cap of $540.43 million, a P/E ratio of 31.80 and a beta of 0.53. The stock’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $2.23.

MarketWise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 2.44%. MarketWise’s dividend payout ratio (DPR) is currently 80.00%.

Hedge Funds Weigh In On MarketWise

Several institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in shares of MarketWise in the 4th quarter worth about $46,000. Vanguard Group Inc. raised its holdings in shares of MarketWise by 8.7% in the 4th quarter. Vanguard Group Inc. now owns 857,417 shares of the newsletter publisher’s stock worth $2,341,000 after acquiring an additional 68,795 shares during the last quarter. Barclays PLC raised its holdings in shares of MarketWise by 2,330.0% in the 4th quarter. Barclays PLC now owns 144,437 shares of the newsletter publisher’s stock worth $394,000 after acquiring an additional 138,493 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of MarketWise in the 4th quarter worth about $78,000. Finally, Cresset Asset Management LLC bought a new stake in MarketWise in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 23.04% of the company’s stock.

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.