MarketWise, Inc. (NASDAQ:MKTW – Get Free Report) major shareholder Greenhaven Road Investment Man sold 103,304 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $1.58, for a total transaction of $163,220.32. Following the completion of the transaction, the insider now owns 1,893,408 shares in the company, valued at $2,991,584.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
MarketWise Stock Performance
Shares of MKTW opened at $1.44 on Friday. MarketWise, Inc. has a 52 week low of $1.24 and a 52 week high of $3.62. The company has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $2.20. The firm has a market capitalization of $474.52 million, a P/E ratio of 36.01 and a beta of 0.55.
MarketWise Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Wednesday, May 15th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.04 annualized dividend and a dividend yield of 2.78%. MarketWise’s dividend payout ratio is currently 100.03%.
Institutional Trading of MarketWise
Analyst Upgrades and Downgrades
Separately, UBS Group lowered their target price on MarketWise from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th.
Get Our Latest Analysis on MKTW
About MarketWise
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.
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