Weiss Ratings Reaffirms Sell (D+) Rating for MarketWise (NASDAQ:MKTW)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for MarketWise, indicating concerns about the company's stock performance.
• MarketWise's latest earnings report showed an EPS of $0.53, which missed estimates of $0.64, although revenue exceeded expectations at $79.95 million.
• UBS Group has upgraded its target price for MarketWise shares to $20.00 from $19.00, while the consensus rating remains at "Reduce".

MarketWise (NASDAQ:MKTW - Get Free Report)'s stock had its "sell (d+)" rating reissued by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, UBS Group reissued a "neutral" rating and set a $20.00 price objective (up from $19.00) on shares of MarketWise in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MarketWise presently has a consensus rating of "Reduce" and an average target price of $20.00.

MarketWise Trading Up 2.4%

Shares of MKTW opened at $15.00 on Wednesday. The company has a market capitalization of $245.55 million, a PE ratio of 5.47 and a beta of 0.51. MarketWise has a 12 month low of $9.07 and a 12 month high of $21.74. The stock's 50-day moving average price is $17.64 and its two-hundred day moving average price is $16.46.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in MarketWise in the second quarter valued at $28,000. Raymond James Financial Inc. bought a new position in shares of MarketWise during the second quarter valued at about $226,000. Militia Capital Partners LP bought a new position in shares of MarketWise during the first quarter valued at about $35,000. AQR Capital Management LLC grew 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 buying an additional 91,282 shares during the last quarter. Finally, XTX Topco Ltd grew 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 buying an additional 77,335 shares during the last quarter. 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.

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