MarketWise (NASDAQ:MKTW) Shares Up 4.2% - Time to Buy?

Key Points

• MarketWise shares rose 4.2% to $18.77 in mid-day trading, with volume 47% above the average session level. The stock has a market capitalization of approximately $296 million.
• Analyst sentiment improved to a consensus “Moderate Buy” after Weiss Ratings upgraded the stock from “sell” to “hold”; coverage is split between one Buy and one Hold rating.
• Recent results were weaker than expected: MarketWise reported a $0.24 quarterly loss per share versus a $0.65 consensus profit estimate and revenue below forecasts. The company also cut its quarterly dividend to $0.20 from $0.25, producing a 4.3% yield and a payout ratio above 100%.

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) rose 4.2% during mid-day trading on Monday. The stock traded as high as $19.06 and last traded at $18.77. Approximately 28,416 shares were traded during trading, an increase of 47% from the average session volume of 19,265 shares. The stock had previously closed at $18.01.

Analysts Set New Price Targets

Separately, Weiss Ratings raised MarketWise from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

MarketWise Trading Up 4.2%

The stock's 50-day moving average is $18.76 and its 200-day moving average is $18.36. The stock has a market cap of $296.00 million, a price-to-earnings ratio of 21.33 and a beta of 0.21.

MarketWise (NASDAQ:MKTW - Get Free Report) last announced its earnings results on Thursday, August 6th. The newsletter publisher reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.89). The business had revenue of $75.81 million for the quarter, compared to analyst estimates of $78.37 million. MarketWise had a net margin of 0.70% and a negative return on equity of 0.96%. On average, equities analysts predict that MarketWise, Inc. will post 0.67 earnings per share for the current fiscal year.

MarketWise Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, August 19th were given a $0.20 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.80 annualized dividend and a yield of 4.3%. This is a decrease from MarketWise's previous quarterly dividend of $0.25. MarketWise's payout ratio is 113.64%.

Institutional Investors Weigh In On MarketWise

An institutional investor recently raised its position in MarketWise stock. Copeland Capital Management LLC lifted its stake in shares of MarketWise, Inc. (NASDAQ:MKTW - Free Report) by 34.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,125 shares of the newsletter publisher's stock after purchasing an additional 2,580 shares during the period. Copeland Capital Management LLC owned approximately 0.06% of MarketWise worth $200,000 at the end of the most recent quarter. 23.04% of the stock is owned by hedge funds and other institutional investors.

MarketWise Company Profile

MarketWise, Inc is a digital subscription company that provides investment research, financial education and analytical tools for self-directed investors. Its offerings are designed to help individuals evaluate markets, identify potential investment opportunities and manage their portfolios.

The company delivers its products primarily through subscription-based newsletters, market commentary, investing and trading recommendations, online courses, software and other digital resources. Its portfolio of financial media and research brands has included Stansberry Research, InvestorPlace, TradeSmith and Chaikin Analytics.

MarketWise traces its roots to the financial publishing businesses associated with Porter Stansberry and became a publicly traded company in 2021 through a business combination with Ascendant Digital Acquisition Corp.

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