MarketWise (NASDAQ:MKTW) Reaches New 12-Month Low – Time to Sell?

MarketWise, Inc. (NASDAQ:MKTW) shares hit a new 52-week low on Thursday . The stock traded as low as $0.49 and last traded at $9.43, with a volume of 392479 shares trading hands. The stock had previously closed at $0.51.

MarketWise Stock Performance

The company’s fifty day moving average price is $11.94 and its 200-day moving average price is $11.65. The stock has a market cap of $160.30 million, a P/E ratio of 82.34 and a beta of 0.42.

MarketWise (NASDAQ:MKTW) last announced its quarterly earnings data on Thursday, March 6th. The newsletter publisher reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.40. The business had revenue of $97.48 million during the quarter, compared to the consensus estimate of $77.36 million. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%.

MarketWise Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.80 dividend on an annualized basis and a yield of 8.10%. This is a boost from MarketWise’s previous quarterly dividend of $0.01. MarketWise’s payout ratio is presently 23.53%.

Institutional Trading of MarketWise

Several institutional investors and hedge funds have recently made changes to their positions in MKTW. Eschler Asset Management LLP purchased a new position in MarketWise in the 4th quarter worth about $63,000. BNP Paribas Financial Markets purchased a new position in shares of MarketWise during the fourth quarter worth approximately $31,000. Jane Street Group LLC raised its stake in shares of MarketWise by 257.9% during the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher’s stock valued at $48,000 after acquiring an additional 61,254 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of MarketWise in the fourth quarter valued at approximately $27,000. Finally, XTX Topco Ltd bought a new position in MarketWise in the fourth quarter worth approximately $25,000. 23.04% of the stock is currently owned by institutional investors.

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.