MarketWise (NASDAQ:MKTW – Get Rating) had its target price cut by JMP Securities from $8.50 to $6.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a market outperform rating on the newsletter publisher's stock.

A number of other brokerages have also recently issued reports on MKTW. Needham & Company LLC dropped their price objective on MarketWise from $5.00 to $3.00 and set a buy rating on the stock in a research note on Monday, November 7th. UBS Group dropped their price objective on MarketWise from $8.00 to $4.50 and set a buy rating on the stock in a research note on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $5.00.

MarketWise Stock Performance

NASDAQ MKTW opened at $2.01 on Tuesday. The stock's 50 day moving average price is $1.93 and its two-hundred day moving average price is $2.53. MarketWise has a 52 week low of $1.52 and a 52 week high of $6.32.

Insider Transactions at MarketWise

In other MarketWise news, Director Riaan Hodgson purchased 26,149 shares of the company's stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average price of $2.13 per share, for a total transaction of $55,697.37. Following the purchase, the director now owns 121,689 shares in the company, valued at $259,197.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.63% of the company's stock.

Institutional Investors Weigh In On MarketWise

A number of large investors have recently added to or reduced their stakes in the business. Greenhaven Road Investment Management L.P. raised its stake in MarketWise by 74.2% in the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 4,355,844 shares of the newsletter publisher's stock valued at $9,931,000 after acquiring an additional 1,855,844 shares during the period. Vanguard Group Inc. grew its holdings in MarketWise by 87.8% in the 1st quarter. Vanguard Group Inc. now owns 1,511,211 shares of the newsletter publisher's stock valued at $7,133,000 after buying an additional 706,607 shares in the last quarter. Royce & Associates LP grew its holdings in MarketWise by 473.0% in the 3rd quarter. Royce & Associates LP now owns 1,211,400 shares of the newsletter publisher's stock valued at $2,762,000 after buying an additional 1,000,000 shares in the last quarter. BlackRock Inc. grew its holdings in MarketWise by 8.2% in the 3rd quarter. BlackRock Inc. now owns 816,088 shares of the newsletter publisher's stock valued at $1,861,000 after buying an additional 61,740 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in MarketWise in the 1st quarter valued at $1,893,000. Institutional investors own 24.21% 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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