MarketWise (NASDAQ:MKTW) Trading Down 0.9% - Here's Why

Key Points

• MarketWise's stock decreased by 0.9%, trading at $17.82, with a significant decline in trading volume noted at 7,680 shares compared to the average of 13,629 shares.
• UBS Group has set a new target price of $20.00 for MarketWise, maintaining a "neutral" rating, while the company recently reported lower than expected EPS of $0.53 for the last quarter.
• MarketWise announced a quarterly dividend of $0.20 per share, representing a 4.5% yield, with the next payment scheduled for September 25th.

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) fell 0.9% on Monday . The stock traded as low as $17.71 and last traded at $17.82. 7,680 shares were traded during mid-day trading, a decline of 44% from the average session volume of 13,629 shares. The stock had previously closed at $17.99.

Analysts Set New Price Targets

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

MarketWise Price Performance

The company has a 50-day simple moving average of $18.76 and a two-hundred day simple moving average of $15.91. The stock has a market capitalization of $291.71 million, a price-to-earnings ratio of 6.50 and a beta of 0.52.

MarketWise (NASDAQ:MKTW - Get Free Report) last issued its quarterly 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). MarketWise had a net margin of 1.69% and a negative return on equity of 2.66%. The business had revenue of $79.95 million for the quarter, compared to analyst estimates of $72.65 million.

MarketWise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 15th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, August 15th. MarketWise's payout ratio is currently 29.20%.

Institutional Investors Weigh In On MarketWise

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd raised its stake in shares of MarketWise by 172.4% during the first quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher's stock valued at $60,000 after purchasing an additional 77,335 shares in the last quarter. MTM Investment Management LLC raised its stake in shares of MarketWise by 50.5% during the first quarter. MTM Investment Management LLC now owns 280,250 shares of the newsletter publisher's stock valued at $142,000 after purchasing an additional 93,987 shares in the last quarter. Phraction Management LLC bought a new stake in shares of MarketWise during the first quarter valued at about $136,000. Raymond James Financial Inc. bought a new stake in shares of MarketWise during the second quarter valued at about $226,000. Finally, AQR Capital Management LLC raised its stake in shares of MarketWise by 300.5% during the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher's stock valued at $60,000 after purchasing an additional 91,282 shares in the last quarter. 23.04% of the stock is currently owned by 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.

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