Several brokerages have updated their recommendations and price targets on shares of MarketWise (NASDAQ: MKTW) in the last few weeks:
- 4/10/2023 – MarketWise had its price target lowered by analysts at JMP Securities from $6.00 to $5.50.
- 4/4/2023 – MarketWise had its price target lowered by analysts at UBS Group AG from $4.50 to $3.00. They now have a “buy” rating on the stock.
- 3/31/2023 – MarketWise had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $6.00 price target on the stock.
- 3/31/2023 – MarketWise had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $3.00 price target on the stock.
- 3/13/2023 – MarketWise had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $6.00 price target on the stock.
MarketWise Price Performance
NASDAQ MKTW opened at $1.61 on Tuesday. MarketWise, Inc. has a 1-year low of $1.52 and a 1-year high of $4.59. The business’s fifty day moving average price is $1.95 and its 200-day moving average price is $2.07.
Hedge Funds Weigh In On MarketWise
Large investors have recently made changes to their positions in the business. Jane Street Group LLC increased its stake in shares of MarketWise by 39.7% in the 1st quarter. Jane Street Group LLC now owns 18,283 shares of the newsletter publisher’s stock worth $86,000 after acquiring an additional 5,194 shares during the last quarter. Eschler Asset Management LLP grew its holdings in shares of MarketWise by 6.1% during the third quarter. Eschler Asset Management LLP now owns 110,851 shares of the newsletter publisher’s stock worth $253,000 after purchasing an additional 6,375 shares during the last quarter. State Street Corp increased its stake in MarketWise by 9.4% in the first quarter. State Street Corp now owns 90,125 shares of the newsletter publisher’s stock valued at $425,000 after purchasing an additional 7,725 shares during the period. American International Group Inc. purchased a new stake in MarketWise during the 2nd quarter valued at approximately $29,000. Finally, Renaissance Technologies LLC increased its holdings in shares of MarketWise by 7.7% in the fourth quarter. Renaissance Technologies LLC now owns 117,300 shares of the newsletter publisher’s stock valued at $197,000 after purchasing an additional 8,400 shares during the period. 24.21% of the stock is owned by institutional investors and hedge funds.
MarketWise, Inc operates a multi-brand platform of subscription businesses that provides financial research, software, education, and tools for investors in the United States and Internationally. The company offers a portfolio of independent investment research, as well as various software and analytical tools on a subscription basis.
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