MarketWise, Inc. (NASDAQ:MKTW) Sees Large Growth in Short Interest
by Scott Moore · The Cerbat GemMarketWise, Inc. (NASDAQ:MKTW – Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 30,056 shares, an increase of 62.2% from the December 31st total of 18,525 shares. Based on an average daily volume of 6,156 shares, the short-interest ratio is presently 4.9 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 6,156 shares, the short-interest ratio is presently 4.9 days.
MarketWise Trading Down 0.3%
MKTW stock opened at $16.53 on Monday. The company’s 50 day moving average is $15.76 and its 200 day moving average is $16.66. The stock has a market cap of $264.94 million, a price-to-earnings ratio of 6.56 and a beta of 0.53. MarketWise has a 1-year low of $9.07 and a 1-year high of $21.74.
MarketWise (NASDAQ:MKTW – Get Free Report) last issued its earnings results on Thursday, November 6th. The newsletter publisher reported $0.58 earnings per share for the quarter, beating the consensus estimate of ($1.32) by $1.90. MarketWise had a negative return on equity of 2.62% and a net margin of 1.70%.The company had revenue of $81.27 million during the quarter, compared to analysts’ expectations of $69.22 million.
Analysts Set New Price Targets
MKTW has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of MarketWise in a report on Thursday, January 22nd. UBS Group reissued an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.00.
Get Our Latest Stock Report on MKTW
Institutional Investors Weigh In On MarketWise
A number of large investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new stake in MarketWise during the third quarter valued at about $191,000. Vanguard Group Inc. lifted its position in shares of MarketWise by 13.8% in the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock valued at $1,382,000 after acquiring an additional 10,113 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of MarketWise in the third quarter worth about $359,000. Raymond James Financial Inc. purchased a new stake in shares of MarketWise during the second quarter worth about $226,000. Finally, Russell Investments Group Ltd. bought a new stake in MarketWise during the 2nd quarter valued at approximately $28,000. 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.