MarketWise (NASDAQ:MKTW) CFO Sells $93,990.60 in Stock
by Jessica Moore · The Cerbat GemMarketWise, Inc. (NASDAQ:MKTW – Get Free Report) CFO Erik Mickels sold 6,666 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $14.10, for a total transaction of $93,990.60. Following the transaction, the chief financial officer owned 88,398 shares in the company, valued at approximately $1,246,411.80. This trade represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Erik Mickels also recently made the following trade(s):
- On Thursday, March 19th, Erik Mickels sold 3,334 shares of MarketWise stock. The shares were sold at an average price of $13.83, for a total transaction of $46,109.22.
- On Wednesday, March 11th, Erik Mickels sold 6,666 shares of MarketWise stock. The shares were sold at an average price of $14.73, for a total transaction of $98,190.18.
- On Tuesday, March 10th, Erik Mickels sold 3,334 shares of MarketWise stock. The stock was sold at an average price of $15.20, for a total transaction of $50,676.80.
MarketWise Stock Performance
MarketWise stock traded up $0.65 during midday trading on Friday, hitting $15.45. 84,903 shares of the company’s stock were exchanged, compared to its average volume of 17,151. The stock has a market cap of $248.13 million, a price-to-earnings ratio of 6.46 and a beta of 0.55. MarketWise, Inc. has a 12-month low of $9.07 and a 12-month high of $21.74. The firm’s 50 day simple moving average is $15.19 and its 200 day simple moving average is $15.70.
MarketWise (NASDAQ:MKTW – Get Free Report) last announced its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 EPS for the quarter, beating 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 analysts’ expectations of $70.60 million.
MarketWise Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, March 18th. MarketWise’s dividend payout ratio (DPR) is 43.67%.
Institutional Investors Weigh In On MarketWise
Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of 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 during the period. MTM Investment Management LLC acquired a new stake in shares of MarketWise in the third quarter valued at about $359,000. Susquehanna International Group LLP purchased a new stake in MarketWise during the third quarter worth about $191,000. Raymond James Financial Inc. purchased a new stake in MarketWise during the second quarter worth about $226,000. Finally, Vanguard Group Inc. grew its position in MarketWise by 13.8% during 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 during the period. Institutional investors and hedge funds own 23.04% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on MKTW shares. UBS Group restated an “outperform” rating on shares of MarketWise in a research note on Monday, November 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketWise in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.00.
Get Our Latest Analysis on MarketWise
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.