MarketWise, Inc. (NASDAQ:MKTW) Short Interest Down 22.6% in December

MarketWise, Inc. (NASDAQ:MKTW) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 18,525 shares, a decline of 22.6% from the December 15th total of 23,939 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 17,604 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 17,604 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new stake in shares of MarketWise during the 3rd quarter valued at about $191,000. Vanguard Group Inc. grew its position in MarketWise by 13.8% in the third 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 in the last quarter. MTM Investment Management LLC purchased a new stake in shares of MarketWise during the third quarter valued at approximately $359,000. Raymond James Financial Inc. acquired a new position in shares of MarketWise during the second quarter worth $226,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of MarketWise in the second quarter valued at $28,000. Hedge funds and other institutional investors own 23.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MKTW. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketWise in a research note on Wednesday, October 8th. UBS Group reaffirmed an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.00.

MarketWise Price Performance

NASDAQ:MKTW traded up $0.37 during trading hours on Monday, reaching $16.18. 11,705 shares of the company were exchanged, compared to its average volume of 12,231. The firm has a market cap of $259.37 million, a price-to-earnings ratio of 6.42 and a beta of 0.52. The stock has a 50 day simple moving average of $15.72 and a 200 day simple moving average of $16.78. MarketWise has a 52-week low of $9.07 and a 52-week high of $21.74.

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

MarketWise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, November 14th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.9%. MarketWise’s payout ratio is presently 31.75%.

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.