MarketWise (NASDAQ:MKTW) Trading 3.8% Higher

Shares of MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) rose 3.8% during mid-day trading on Wednesday . The company traded as high as $1.65 and last traded at $1.64. Approximately 15,153 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 118,914 shares. The stock had previously closed at $1.58.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their target price on MarketWise from $3.50 to $2.00 and set a "neutral" rating for the company in a research note on Thursday, March 28th.

MarketWise Price Performance

The stock has a market cap of $527.24 million, a PE ratio of 32.40 and a beta of 0.53. The business has a fifty day moving average of $1.83 and a 200 day moving average of $2.24.

MarketWise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Friday, March 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, March 14th. MarketWise's dividend payout ratio is currently 80.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in MarketWise in the fourth quarter valued at about $46,000. Vanguard Group Inc. lifted its holdings in MarketWise by 8.7% during the 4th quarter. Vanguard Group Inc. now owns 857,417 shares of the newsletter publisher's stock worth $2,341,000 after buying an additional 68,795 shares during the last quarter. Barclays PLC lifted its holdings in MarketWise by 2,330.0% during the 4th quarter. Barclays PLC now owns 144,437 shares of the newsletter publisher's stock worth $394,000 after buying an additional 138,493 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in MarketWise during the 4th quarter worth approximately $78,000. Finally, Cresset Asset Management LLC bought a new position in MarketWise during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 23.04% of the company's stock.

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.