XTX Topco Ltd Increases Holdings in MarketWise, Inc. $MKTW

Key Points

• XTX Topco Ltd increased its stake in MarketWise, Inc. by 172.4%, owning approximately 122,184 shares worth $60,000 after acquiring an additional 77,335 shares during the first quarter.
• MarketWise reported earnings of $0.53 per share, which was below analysts' expectations, but generated revenue of $79.95 million, exceeding estimates of $72.65 million.
• UBS Group has reissued a "neutral" rating and raised the price target for MarketWise shares to $20.00, up from $19.00.

XTX Topco Ltd grew its holdings in MarketWise, Inc. (NASDAQ:MKTW - Free Report) by 172.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 122,184 shares of the newsletter publisher's stock after buying an additional 77,335 shares during the quarter. XTX Topco Ltd owned approximately 0.75% of MarketWise worth $60,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new position in shares of MarketWise in the 4th quarter valued at approximately $27,000. BNP Paribas Financial Markets purchased a new position in shares of MarketWise in the 4th quarter valued at approximately $31,000. Jane Street Group LLC lifted its stake in shares of MarketWise by 257.9% in the 4th quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock valued at $48,000 after purchasing an additional 61,254 shares during the period. Eschler Asset Management LLP purchased a new position in shares of MarketWise in the 4th quarter valued at approximately $63,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of MarketWise by 108.0% in the 4th quarter. JPMorgan Chase & Co. now owns 147,228 shares of the newsletter publisher's stock valued at $84,000 after purchasing an additional 76,460 shares during the period. Hedge funds and other institutional investors own 23.04% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group restated a "neutral" rating and issued a $20.00 target price (up previously from $19.00) on shares of MarketWise in a research note on Thursday, August 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $20.00.

MarketWise Stock Down 2.4%

Shares of MarketWise stock traded down $0.45 on Wednesday, reaching $18.13. The company's stock had a trading volume of 14,488 shares, compared to its average volume of 15,268. The company has a market capitalization of $296.79 million, a price-to-earnings ratio of 6.62 and a beta of 0.52. The firm's fifty day simple moving average is $18.86 and its two-hundred day simple moving average is $15.33. MarketWise, Inc. has a 52 week low of $9.07 and a 52 week high of $21.74.

MarketWise (NASDAQ:MKTW - Get Free Report) last posted its earnings results on Thursday, August 7th. The newsletter publisher reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.11). The business had revenue of $79.95 million during the quarter, compared to the consensus estimate of $72.65 million. MarketWise had a negative return on equity of 2.66% and a net margin of 1.69%.

MarketWise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 15th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, August 15th. This represents a $0.80 annualized dividend and a yield of 4.4%. MarketWise's payout ratio is 29.20%.

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.