Erik Mickels Sells 3,334 Shares of MarketWise (NASDAQ:MKTW) Stock

MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels sold 3,334 shares of MarketWise stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $15.20, for a total transaction of $50,676.80. Following the transaction, the chief financial officer directly owned 63,103 shares of the company’s stock, valued at approximately $959,165.60. This trade represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, March 11th, Erik Mickels sold 6,666 shares of MarketWise stock. The stock was sold at an average price of $14.73, for a total transaction of $98,190.18.

MarketWise Price Performance

MKTW stock traded down $0.41 during midday trading on Thursday, hitting $14.50. 13,935 shares of the stock traded hands, compared to its average volume of 11,124. MarketWise, Inc. has a 1-year low of $9.07 and a 1-year high of $21.74. The stock’s fifty day simple moving average is $15.26 and its 200-day simple moving average is $15.84. The firm has a market cap of $232.42 million, a P/E ratio of 6.33 and a beta of 0.55.

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

MarketWise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.80 dividend on an annualized basis and a yield of 5.5%. MarketWise’s dividend payout ratio is presently 43.67%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketWise in a report on Thursday, January 22nd. UBS Group reiterated an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MarketWise presently has an average rating of “Hold” and an average price target of $20.00.

Institutional Investors Weigh In On MarketWise

Several large investors have recently bought and sold shares of MKTW. Barclays PLC raised its holdings in shares of MarketWise by 7.0% during the fourth quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock valued at $2,293,000 after acquiring an additional 9,961 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of MarketWise by 300.5% in the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after acquiring an additional 91,282 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 10,113 shares during the last quarter. State Street Corp increased its position in shares of MarketWise by 5.2% during the fourth quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock worth $432,000 after purchasing an additional 1,414 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new position in MarketWise in the 3rd quarter valued at $359,000. 23.04% of the stock is currently owned by hedge funds and other institutional investors.

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.