MarketWise, Inc. (MKTW) To Go Ex-Dividend on November 14th

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Thursday, October 30th. Investors of record on Friday, November 14th will be paid a dividend of 0.20 per share by the newsletter publisher on Wednesday, December 24th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, November 14th.

MarketWise has a payout ratio of 64.0% indicating that its dividend is sufficiently covered by earnings.

MarketWise Trading Up 0.5%

Shares of NASDAQ MKTW traded up $0.09 during mid-day trading on Wednesday, hitting $17.09. The company had a trading volume of 19,485 shares, compared to its average volume of 15,164. The company has a market capitalization of $279.68 million, a price-to-earnings ratio of 6.78 and a beta of 0.52. MarketWise has a 1 year low of $9.07 and a 1 year high of $21.74. The stock’s 50-day moving average price is $16.14 and its 200-day moving average price is $17.21.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings data on Thursday, November 6th. The newsletter publisher reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.32) by $1.90. The company had revenue of $81.27 million for the quarter, compared to the consensus estimate of $69.22 million. MarketWise had a negative return on equity of 2.62% and a net margin of 1.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketWise in a research report on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and issued a $20.00 price target (up previously from $19.00) on shares of MarketWise in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $20.00.

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.