MarketWise (MKTW) Scheduled to Post Quarterly Earnings on Monday

MarketWise (NASDAQ:MKTWGet Rating) is scheduled to be releasing its earnings data before the market opens on Monday, August 8th. Analysts expect MarketWise to post earnings of $0.05 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

MarketWise (NASDAQ:MKTWGet Rating) last issued its earnings results on Monday, May 9th. The newsletter publisher reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.25. The business had revenue of $136.80 million during the quarter, compared to the consensus estimate of $118.63 million. On average, analysts expect MarketWise to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MarketWise Price Performance

MKTW opened at $3.00 on Friday. The firm has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $4.04. MarketWise has a fifty-two week low of $2.28 and a fifty-two week high of $13.71.

Analyst Upgrades and Downgrades

Separately, Oppenheimer dropped their price target on shares of MarketWise from $10.00 to $5.00 in a research note on Tuesday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.42.

Insider Buying and Selling at MarketWise

In other news, major shareholder Frank Porter Stansberry bought 31,000 shares of the stock in a transaction on Wednesday, May 18th. The stock was purchased at an average price of $2.51 per share, with a total value of $77,810.00. Following the completion of the purchase, the insider now owns 239,388 shares of the company’s stock, valued at $600,863.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 720,112 shares of company stock valued at $1,913,170. Corporate insiders own 22.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of MarketWise in the first quarter valued at approximately $54,000. Jane Street Group LLC lifted its position in MarketWise by 39.7% during the 1st quarter. Jane Street Group LLC now owns 18,283 shares of the newsletter publisher’s stock worth $86,000 after buying an additional 5,194 shares in the last quarter. Delphia USA Inc. acquired a new position in shares of MarketWise during the 1st quarter worth about $267,000. Renaissance Technologies LLC boosted its stake in shares of MarketWise by 659.0% during the 1st quarter. Renaissance Technologies LLC now owns 88,800 shares of the newsletter publisher’s stock worth $419,000 after buying an additional 77,100 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of MarketWise by 9.4% in the 1st quarter. State Street Corp now owns 90,125 shares of the newsletter publisher’s stock valued at $425,000 after acquiring an additional 7,725 shares in the last quarter. Institutional investors and hedge funds own 65.75% of the company’s stock.

MarketWise Company Profile

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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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