MarketWise (NASDAQ:MKTW) Director Frank Porter Stansberry Acquires 23,103 Shares

Key Points

• Frank Porter Stansberry, a MarketWise director, bought a total of 40,373 shares on March 19–20 (23,103 at $14.28 and 17,270 at $15.19), spending about $592k and raising his direct stake to 233,111 shares (an 11% increase).
• MarketWise delivered an earnings beat, reporting $0.77 EPS vs. consensus -$0.22 and revenue of $83.39 million vs. $70.6 million, producing a modest net margin of 1.71%.
• The company announced a quarterly dividend of $0.20 (annualized $0.80), implying a ~5.5% yield

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) Director Frank Porter Stansberry purchased 23,103 shares of MarketWise stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $14.28 per share, for a total transaction of $329,910.84. Following the transaction, the director directly owned 233,111 shares of the company's stock, valued at $3,328,825.08. This trade represents a 11.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frank Porter Stansberry also recently made the following trade(s):

• On Friday, March 20th, Frank Porter Stansberry acquired 17,270 shares of MarketWise stock. The stock was bought at an average price of $15.19 per share, with a total value of $262,331.30.

MarketWise Trading Down 6.0%

MarketWise stock traded down $0.92 during trading hours on Monday, hitting $14.53. 24,708 shares of the stock traded hands, compared to its average volume of 21,209. MarketWise, Inc. has a one year low of $9.07 and a one year high of $21.74. The firm's 50-day moving average price is $15.20 and its two-hundred day moving average price is $15.66. The company has a market cap of $233.35 million, a PE ratio of 6.75 and a beta of 0.55.

MarketWise (NASDAQ:MKTW - Get Free Report) last released 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 negative return on equity of 2.54% and a net margin of 1.71%.The company had revenue of $83.39 million during the quarter, compared to analysts' expectations of $70.60 million.

MarketWise Announces Dividend

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

Institutional Trading of MarketWise

Several institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in MarketWise by 7.0% in the 4th quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher's stock worth $2,293,000 after purchasing an additional 9,961 shares during the period. AQR Capital Management LLC boosted its stake in shares of MarketWise by 300.5% in the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher's stock worth $60,000 after buying an additional 91,282 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 period. State Street Corp increased its position in MarketWise by 5.2% during the fourth quarter. State Street Corp now owns 28,737 shares of the newsletter publisher's stock valued at $432,000 after acquiring an additional 1,414 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new stake in MarketWise during the third quarter valued at $359,000. 23.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MKTW shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of MarketWise in a research note on Thursday, January 22nd. UBS Group restated an "outperform" rating on shares of MarketWise in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $20.00.

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.

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