MarketWise (NASDAQ:MKTW) Trading Down 5.2%

MarketWise, Inc. (NASDAQ:MKTW)’s share price was down 5.2% during mid-day trading on Wednesday . The company traded as low as $1.63 and last traded at $1.63. Approximately 109,053 shares were traded during trading, a decline of 8% from the average daily volume of 118,029 shares. The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their price objective on MarketWise from $3.50 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th.

MarketWise Stock Down 4.7 %

The firm has a fifty day moving average of $1.78 and a 200-day moving average of $2.24. The firm has a market cap of $540.43 million, a P/E ratio of 34.40 and a beta of 0.53.

MarketWise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, March 14th. MarketWise’s dividend payout ratio (DPR) is currently 80.00%.

Institutional Investors Weigh In On MarketWise

A number of hedge funds and other institutional investors have recently bought and sold shares of MKTW. Harbor Investment Advisory LLC bought a new position in shares of MarketWise during the 4th quarter worth approximately $35,000. Quadrature Capital Ltd bought a new position in shares of MarketWise during the 4th quarter worth approximately $46,000. SG Americas Securities LLC boosted its stake in shares of MarketWise by 30.2% during the 4th quarter. SG Americas Securities LLC now owns 18,499 shares of the newsletter publisher’s stock worth $51,000 after acquiring an additional 4,292 shares during the period. Heron Bay Capital Management bought a new stake in MarketWise in the 4th quarter valued at $65,000. Finally, Penn Mutual Asset Management LLC bought a new stake in MarketWise in the 4th quarter valued at $207,000. Institutional investors and hedge funds 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.