MarketWise (NASDAQ:MKTW) Shares Down 0.9% - Time to Sell?

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)'s share price traded down 0.9% during trading on Monday . The company traded as low as $17.71 and last traded at $17.82. 7,680 shares were traded during 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 reissued a "neutral" rating and set a $20.00 target price (up previously from $19.00) on shares of MarketWise in a research note on Thursday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, MarketWise has a consensus rating of "Hold" and a consensus price target of $20.00.

MarketWise Trading Down 2.0%

The firm has a market capitalization of $292.24 million, a PE ratio of 6.51 and a beta of 0.52. The company has a fifty day moving average price of $18.60 and a two-hundred day moving average price of $16.05.

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

MarketWise Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd raised its position in shares of MarketWise by 172.4% in the 1st quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher's stock worth $60,000 after buying an additional 77,335 shares during the period. MTM Investment Management LLC lifted its position 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 worth $142,000 after purchasing an additional 93,987 shares in the last quarter. Phraction Management LLC acquired a new stake in MarketWise during the 1st quarter valued at $136,000. Militia Capital Partners LP purchased a new stake in MarketWise during the 1st quarter worth $35,000. Finally, Raymond James Financial Inc. purchased a new position in MarketWise in the 2nd quarter valued at about $226,000. Hedge funds and other institutional investors own 23.04% of the company's stock.

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.