MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels Purchases 14,285 Shares of Stock

Posted by Defense World Staff on Aug 30th, 2023

MarketWise, Inc. (NASDAQ:MKTW – Get Free Report) CFO Erik Mickels purchased 14,285 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average price of $1.36 per share, for a total transaction of $19,427.60. Following the completion of the purchase, the chief financial officer now directly owns 14,885 shares of the company’s stock, valued at approximately $20,243.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

MarketWise Stock Performance

Shares of MarketWise stock opened at $1.29 on Wednesday. The company’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $1.88. MarketWise, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $3.14.

MarketWise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, September 1st.

Analyst Ratings Changes

A number of research analysts recently commented on MKTW shares. Needham & Company LLC restated a “buy” rating and issued a $3.00 price target on shares of MarketWise in a research report on Friday, August 11th. JMP Securities reiterated a “market outperform” rating and issued a $5.50 target price on shares of MarketWise in a research report on Friday, June 30th.

Read Our Latest Stock Analysis on MarketWise

Institutional Investors Weigh In On MarketWise

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cannell Capital LLC acquired a new stake in shares of MarketWise during the second quarter valued at about $2,285,000. BlackRock Inc. boosted its position in MarketWise by 98.7% during the 2nd quarter. BlackRock Inc. now owns 1,678,754 shares of the newsletter publisher’s stock worth $3,358,000 after buying an additional 833,794 shares during the period. Vanguard Group Inc. grew its holdings in MarketWise by 87.8% during the 1st quarter. Vanguard Group Inc. now owns 1,511,211 shares of the newsletter publisher’s stock worth $7,133,000 after acquiring an additional 706,607 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in MarketWise in the 1st quarter valued at approximately $1,893,000. Finally, Geode Capital Management LLC raised its stake in shares of MarketWise by 65.7% during the second quarter. Geode Capital Management LLC now owns 555,049 shares of the newsletter publisher’s stock valued at $1,110,000 after acquiring an additional 220,087 shares during the last quarter. Institutional investors own 29.26% of the company’s stock.

MarketWise Company Profile

(Get Free Report)

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.