Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Increases By 62.2%

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 30,056 shares, an increase of 62.2% from the December 31st total of 18,525 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 6,156 shares, the days-to-cover ratio is currently 4.9 days. Based on an average daily volume of 6,156 shares, the days-to-cover ratio is currently 4.9 days. Currently, 0.3% of the shares of the stock are short sold.

MarketWise Stock Down 0.1%

Shares of NASDAQ:MKTW traded down $0.02 during trading on Friday, reaching $16.55. The stock had a trading volume of 7,522 shares, compared to its average volume of 7,470. The stock has a market cap of $265.28 million, a P/E ratio of 6.57 and a beta of 0.52. The business has a fifty day moving average price of $15.76 and a 200-day moving average price of $16.68. MarketWise has a fifty-two week low of $9.07 and a fifty-two week high of $21.74.

MarketWise (NASDAQ:MKTW) last announced its earnings results on Thursday, November 6th. The newsletter publisher reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.32) by $1.90. The firm had revenue of $81.27 million for the quarter, compared to analyst estimates of $69.22 million. MarketWise had a net margin of 1.70% and a negative return on equity of 2.62%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a research report on Thursday, January 22nd. UBS Group reissued an “outperform” rating on shares of MarketWise in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MarketWise has a consensus rating of “Hold” and a consensus price target of $20.00.

Hedge Funds Weigh In On MarketWise

Several institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in MarketWise during the second quarter worth about $28,000. Vanguard Group Inc. increased its stake in shares of MarketWise by 13.8% during 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. Raymond James Financial Inc. acquired a new position in shares of MarketWise during the 2nd quarter valued at about $226,000. Susquehanna International Group LLP purchased a new position in shares of MarketWise during the 3rd quarter worth about $191,000. Finally, MTM Investment Management LLC acquired a new stake in shares of MarketWise in the third quarter worth approximately $359,000. 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.